Board Meeting Details
The Board of Directors meeting was held on 27th July 2026, commencing at 11:00 AM and concluding at 12:10 PM. The meeting approved and took on record the unaudited financial results.
Standalone Financial Results (₹ lakhs)
Quarter Ended 30th June 2026
- Total Income: ₹230.41 lakhs
- Total Expenses: ₹211.94 lakhs
- Profit Before Tax: ₹18.46 lakhs
- Tax Expense: ₹3.80 lakhs (Current tax: ₹4.65 lakhs, Deferred tax: ₹(0.85) lakhs)
- Profit After Tax: ₹14.66 lakhs
- Earnings Per Share (Basic): ₹0.05
- Paid-up Equity Share Capital: ₹639.90 lakhs (Face value ₹2 per share)
Comparative Figures
Quarter Ended 31st March 2026:
- Profit After Tax: ₹11.79 lakhs
- EPS: ₹0.04
Year Ended 31st March 2026:
- Profit After Tax: ₹83.30 lakhs
- EPS: ₹0.26
Consolidated Financial Results (₹ lakhs)
Quarter Ended 30th June 2026
- Revenue from Operations: ₹7,050.75 lakhs
- Other Income: ₹79.01 lakhs
- Total Income: ₹7,058.66 lakhs
- Total Expenses: ₹6,787.63 lakhs
- Profit Before Tax: ₹271.02 lakhs
- Tax Expense: ₹68.57 lakhs (Current tax: ₹68.24 lakhs, Deferred tax: ₹0.33 lakhs)
- Profit After Tax: ₹202.45 lakhs
- Earnings Per Share (Basic & Diluted): ₹6.33
- Paid-up Equity Share Capital: ₹639.90 lakhs
Comparative Figures
Quarter Ended 31st March 2026:
- Profit After Tax: ₹184.86 lakhs
- EPS: ₹5.78
Quarter Ended 30th June 2025:
- Profit After Tax: ₹75.72 lakhs
- EPS: ₹2.37
Year Ended 31st March 2026:
- Profit After Tax: ₹501.72 lakhs
- EPS: ₹15.68
Subsidiaries Included in Consolidation
1. Bhagyanagar Copper Private Limited
2. Tieramet Limited
GST Notice and Deposit
The GST Department issued a Show Cause Notice alleging irregular availment of Input Tax Credit by the Company. The Company paid ₹2,175.00 lakhs (₹217.50 crore) under protest during the quarter ended 30th June 2026. Based on legal opinion and judicial precedents, management believes the Company has a strong case and does not expect any liability to materialize. No provision has been recognized in the financial statements.
NCLT Matter
The proposed Composite Scheme of Arrangement is pending before Hon'ble NCLT for sanction, with hearing scheduled on 07th August 2026.
Preferential Issue Update
Following Board approval on 30th June 2026, members at the Extraordinary General Meeting held on 23rd July 2026 approved issuance of up to 15,01,434 equity shares of ₹2 each to non-promoter category investors at an issue price of ₹348 per share. The Company has applied for in-principle approvals from NSE and BSE. Allotment will be completed within stipulated timelines upon receipt of necessary approvals.
Auditor Review
The financial results were reviewed by Luharuka & Associates, Chartered Accountants (Firm Registration Number: 018825), who issued a limited review report with an emphasis of matter regarding the GST notice and deposit.