Key Financial Performance (₹ in Lakhs)
Quarter Ended September 30, 2026:
- Net Sales/Income from Operations: ₹3,515.01
- Other Income: ₹8.44
- Total Income: ₹3,523.45
- Total Expenses: ₹3,584.75
- Profit/(Loss) Before Tax: ₹(61.30) loss
- Tax Expense: ₹(10.98) credit
- Net Profit/(Loss) for Quarter: ₹50.32 profit
- Basic & Diluted EPS: ₹0.29
Half Year Ended September 30, 2026:
- Net Sales/Income from Operations: ₹6,522.43
- Other Income: ₹18.18
- Total Income: ₹6,540.61
- Total Expenses: ₹6,559.69
- Profit/(Loss) Before Tax: ₹(19.08) loss
- Tax Expense: ₹0.00
- Net Profit/(Loss) for H1: ₹(19.08) loss
- Basic & Diluted EPS: ₹(0.11)
Comparative H1 FY26: Net Profit of ₹95.55 lakh with EPS of ₹0.55
Balance Sheet Highlights (As at September 30, 2026)
- Total Assets: ₹5,930.32 lakh (Mar'26: ₹4,869.69 lakh)
- Fixed Assets: ₹656.39 lakh (Mar'26: ₹557.15 lakh)
- Trade Receivables: ₹3,815.38 lakh (Mar'26: ₹3,077.14 lakh)
- Cash & Cash Equivalents: ₹584.70 lakh (Mar'26: ₹581.94 lakh)
- Short-term Loans & Advances: ₹429.02 lakh (Mar'26: ₹263.03 lakh)
- Equity Share Capital: ₹1,740.82 lakh (unchanged)
- Other Equity: ₹34.44 lakh (Mar'26: ₹53.52 lakh)
- Long-term Borrowings: ₹230.77 lakh (Mar'26: ₹242.44 lakh)
- Short-term Borrowings: ₹3,393.76 lakh (Mar'26: ₹2,449.00 lakh)
- Trade Payables: ₹237.82 lakh (Mar'26: ₹80.92 lakh)
Cash Flow Statement (H1 FY27)
- Net Cash Flow from Operating Activities: ₹(761.33) lakh outflow
- Net Cash Flow from Investing Activities: ₹(169.00) lakh outflow
- Net Cash Flow from Financing Activities: Not quantified in disclosure
Pending Litigations
The company disclosed three significant pending litigations:
1. Usha Martin Ltd.
- Matter: Transportation of Goods & Services
- Claim Amount: ₹1,04,88,499/-
- Status: Pending before Honourable Calcutta High Court
2. Rawal Investments
- Matter: Rent Control Act, Maharashtra
- Claim Amount: ₹40,00,000/-
- Status: Pending before Honourable Registrar Court of Small Causes Mumbai. Company has deposited ₹29.76 lakhs with the court.
3. IDBI BANK LTD.
- Matter: Corporate Guarantee
- Claim Amount: ₹57,83,61,090/-
- Status: Pending before Honourable High Court of Karnataka Bengaluru. Company deposited ₹1 crore under protest per court order dated 04.09.2024. Additional Section 7 petition filed before NCLT Kolkata Bench on 13.03.2026 for ₹2.39 crore recovery based on DRT certificate dated 29.05.2009.
Auditor Review
Statutory auditors Sambhu N. De & Co. conducted a limited review under SRE 2410 and issued a clean review report dated November 13, 2026, stating no material misstatements were found in the financial results prepared under Ind AS 34.
Additional Information
- The company has adopted Indian Accounting Standards (Ind AS)
- Financial results were reviewed by the Audit Committee and approved by the Board
- Paid-up equity share capital remains unchanged at ₹1,740.82 lakh (face value ₹10 each)