Key Quantitative Figures (Rs. in Lakhs, Unaudited for Q1 June 2026)

  • Net Sales/Income from Operations: 158.95
  • Other Income (Net): 45.76
  • Total Income: 204.72
  • Total Expenses: 458.36
  • Finance Cost: 35.72 (includes finance cost on fair market value measurements on advance given to a related party)
  • Loss Before Tax: (253.65)
  • Total Tax Expense: 19.96 (comprising Deferred Tax Asset/Liability of 16.01 and other tax of 3.95)
  • Net Loss: (289.62)
  • Total Comprehensive Loss: (289.56)
  • Paid-up Equity Share Capital: 258.33
  • Face Value per Share: ₹10.00
  • Basic & Diluted EPS: (₹11.21)

Comparative Figures

Quarter ended June 30, 2025 (Unaudited):

  • Net Sales: 130.46
  • Total Income: 155.99
  • Net Loss: (287.30)
  • EPS: (₹11.55)

Quarter ended March 31, 2026 (Audited):

  • Net Sales: 407.46
  • Total Income: 433.12
  • Net Loss: (1,097.43)
  • EPS: (₹42.47)

Year ended March 31, 2026 (Audited):

  • Net Sales: 855.66
  • Total Income: 958.85
  • Net Loss: (1,942.66)
  • EPS: (₹75.20)

Dates of Action

  • Board Meeting Date: July 31, 2026 (commenced at 11:30 AM, concluded at 1:45 PM)
  • New Director Appointment Date: July 31, 2026
  • 19th AGM Date: August 31, 2026

Parties Involved

  • Stock Exchange: BSE Limited
  • New Director: Dr. T. Bhasker Raj (DIN: 02724086), appointed as Additional Director (Non-Executive, Non-Independent)
  • Related Parties: Mr. V.R. Venkataachalam (Director, his uncle) and Ms. Samyuktha (Managing Director, his cousin)
  • Regulatory References: Prepared under Regulation 30 of SEBI LODR Regulations; Companies Act, 2013; Ind AS

Director Appointment Details

  • Term: To hold office up to the date of the ensuing AGM (or last date it should have been held)
  • Profile: Experienced professional in corporate management, business administration, and strategic planning. Has served on boards of various companies.
  • Debarment Status: Not debarred from holding director office by SEBI or any other regulatory authority.

Provisions and Litigation Impact

  • Demerger Liability: Provision of ₹9.73 Crores made for liabilities of erstwhile Binny Limited, though recoverable from the parent company.
  • Bengaluru Rent Litigation: Provision of ₹26.85 lakhs retained for possible rent and damages despite court case decided in company's favor.
  • Labour Court Case: Provision of ₹36.52 lakhs made for award determined by Additional Labour Court, Chennai, in favor of a union for 8 employees. Company has filed a stay.

Capital Structure Impact

  • Share Capital: Remained unchanged at ₹258.33 lakhs (25,833,300 shares of ₹10 face value).
  • Promoter Share Transfers: Disclosed inter-se transfers of equity shares by way of gift among promoters and promoter group members in June 2026 pursuant to a family arrangement (Memorandum of Prior Oral Family Agreement). Company was not a party to this arrangement.
  • Control Impact: No impact on company's operations, management, financial position, or control. Transfers were exempt from open offer requirements under SEBI Takeover Regulations.

Financial and Operational Impact

  • Continued Losses: Company reported net losses for the current and comparative periods.
  • High Finance Cost: Significant finance cost remains a major expense item.
  • Contingent Exposures: Multiple provisions indicate contingent liabilities from past demerger and litigation matters.

Forward-Looking Information

  • AGM: 19th Annual General Meeting to be held on August 31, 2026, through video conferencing/other audio-visual means.