Board Meeting Details
The Board of Directors meeting was held on 13 November 2026, commencing at 05:50 PM IST and concluding at 06:41 PM IST.
Key Approvals
1. Considered, approved and taken on record the Unaudited Financial Results (Standalone and Consolidated) along with the Limited review report for the half year ended 30 September 2026 as recommended by the Audit Committee.
2. Reviewed and approved Investment in Unlisted Private entity BharatRohan Defence Private Limited (Company under Incorporation).
3. Statement of Deviation(s) and Variation(s), if any.
Financial Results - Standalone (H1 FY26)
Revenue From Operations: ₹423.45 lakhs (₹4,234.49 lakhs)
Other Income: ₹0.69 lakhs (₹6.89 lakhs)
Total Income: ₹424.14 lakhs (₹4,241.38 lakhs)
Expenses: ₹362.34 lakhs (₹3,623.43 lakhs)
Profit Before Tax: ₹61.80 lakhs (₹617.95 lakhs)
Tax Expense: ₹20.26 lakhs (₹202.59 lakhs)
Net Profit for the period: ₹41.54 lakhs (₹415.36 lakhs)
Basic/Diluted EPS: ₹2.08 (not annualized)
Financial Results - Consolidated (H1 FY26)
Revenue From Operations: ₹423.45 lakhs (₹4,234.49 lakhs)
Other Income: ₹0.69 lakhs (₹6.91 lakhs)
Total Income: ₹424.14 lakhs (₹4,241.40 lakhs)
Expenses: ₹362.40 lakhs (₹3,623.99 lakhs)
Profit Before Tax: ₹61.74 lakhs (₹617.41 lakhs)
Tax Expense: ₹20.26 lakhs (₹202.59 lakhs)
Net Profit for the period: ₹41.48 lakhs (₹414.82 lakhs)
Basic/Diluted EPS: ₹2.08 (not annualized)
Investment in BharatRohan Defence Private Limited
The Board approved investment in unlisted private entity BharatRohan Defence Private Limited (proposed name, under incorporation).
- The listed entity will hold 15% stake in the proposed company
- Country of Incorporation: India
- Industry: Defence sector
- Business: Research, design, development, manufacturing, assembly, testing, integration, sale and supply of unmanned aerial vehicles (UAVs), drones and allied systems including defence-grade drones and related technologies for defence, security, surveillance, reconnaissance and other strategic applications
- Governmental/regulatory approvals: Not Applicable for incorporation
- Consideration: Initial capital in cash form
IPO Proceeds Utilization Status
Total IPO Proceeds (net off issue expenses): ₹397.93 lakhs (₹3,979.29 lakhs)
| Purpose | Planned (₹ lakhs) | Utilized till 30 Sept 2026 (₹ lakhs) | Pending (₹ lakhs) |
| Funding Capital Expenditure for new equipment | 1,420.62 | 470.98 | 949.64 |
| Purchase of Commercial Vehicle | 229.19 | 89.17 | 140.02 |
| Funding Working Capital Requirement | 1,668.00 | 1,668.00 | 0.00 |
| General Corporate Purpose | 661.48 | 661.48 | 0.00 |
| Total | 3,979.29 | 2,889.63 | 1,089.66 |
Business Model Context
The company is engaged in agritech and agri value chain solutions using drone/UAV based platforms with focus on Hyperspectral Imaging (HSI) technology. It offers advisory on crop production and guidance on Integrated Crop Management Practices enabling sale of Agricultural Output and Agricultural Input products. The company is a vertically integrated Agri-tech company focused on enabling farmers to grow profitably using Decision Support System (DSS) based on Hyperspectral Imaging and other imaging technologies.
Subsidiary Information
The company has a wholly owned foreign subsidiary, GroeiGids B.V. (incorporated in Netherlands, effective 10th October 2024). For H1 FY26, the subsidiary reported nil revenue, net loss after tax of ₹0.55 lakhs, and net cash flow of ₹0.54 lakhs.
Investor Complaints Status
For period ended 30 September 2026:
- Complaints pending at beginning of period: Nil
- Complaints received during period: Nil
- Complaints disposed during period: Nil
- Complaints unresolved at end of period: Nil
Signatories and Certifications
The documents are signed by Amandeep Panwar (Managing Director) and Aakansha Singh (Company Secretary & Compliance Officer). The IPO utilization certificate is provided by Keyur Shah & Associates, Chartered Accountants.