Key Financial Figures (Quarter Ended June 30, 2026)

  • Revenue From Operations: ₹87.92 lakh
  • Other Income: ₹0.71 lakh
  • Total Income: ₹88.63 lakh
  • Total Expenses: ₹136.25 lakh
  • Cost of materials consumed: ₹30.12 lakh
  • Purchases of stock-in-trade: ₹19.25 lakh
  • Changes in inventories: ₹7.49 lakh
  • Employee benefit expense: ₹28.77 lakh
  • Finance Costs: ₹0.05 lakh
  • Depreciation and amortization expense: ₹0.04 lakh
  • Other Expenses: ₹26.21 lakh
  • CIRP COST: ₹6.33 lakh
  • Profit/(loss) before tax: (₹47.62) lakh
  • Tax Expense: (₹12.24) lakh (Deferred Tax Asset)
  • Net Profit/(Loss) for the period: (₹35.38) lakh
  • Earnings per share (Basic & Diluted): (₹0.52)
  • Paid-up equity share capital: ₹585.00 lakh
  • Reserves excluding revaluation reserve: Not quantified but negative net worth indicated

Comparative Financials

| Period | Revenue (₹ lakh) | Net Profit/Loss (₹ lakh) | EPS (₹) |

| Q1 FY27 (Jun 30, 2026) | 87.92 | (35.38) | (0.52) |

| Q4 FY26 (Mar 31, 2026) | 137.98 | (22.55) | (0.33) |

| Q1 FY26 (Jun 30, 2025) | 206.08 | 3.93 | 0.06 |

| FY26 (Mar 31, 2026) | 515.77 | (87.57) | (1.27) |

Notes on Financial Results

1. NCLT Resolution Plan: The Hon'ble NCLT Ahmedabad Bench approved a resolution plan on June 18, 2026, submitted by Dr. Sunil Gupta (erstwhile Promoter) along with new Strategic Investor Mr. Karan Singh Surjit Singh Wilkhoo and affiliates. The plan involves fresh fund infusion through preferential allotment of equity shares after reduction of existing paid-up share capital. Dr. Sunil Gupta and family cease to be promoters, and the new investor group will be reclassified as promoters. The plan provides for payment to creditors, capital restructuring, and business revival. The accounting effect will be given after full implementation.

2. Review and Approval: The unaudited standalone financial results were reviewed by the Audit Committee and approved by the Board on August 14, 2026. Statutory auditors conducted a limited review.

3. Accounting Standards: Prepared in accordance with Indian Accounting Standards (Ind AS) 34 "Interim Financial Reporting".

4. Segment Reporting: Single reportable segment - Laminate and Doors.

5. Comparative Figures: Previous period figures have been restated/regrouped for comparability.

6. Subsidiaries/JVs: No subsidiaries, joint ventures, or associate companies as of June 30, 2026.

7. Foreign Payables: Trade payables in foreign currency outstanding for more than three years amounting to ₹150.37 lakh payable to foreign suppliers. The company is evaluating appropriate course of action for compliance with FEMA 1999 and other applicable laws regarding delay in payment.

Auditor's Review Report (Qualified Opinion)

Basis for Qualified Opinion:

  • Foreign currency payables of ₹150.37 lakh outstanding for more than three years. Unable to comment on likely outcome and consequential impact for non-compliance with FEMA 1999 or other applicable laws.

Material Uncertainty Related to Going Concern:

  • Accumulated losses (after reserves) of ₹1,465.01 lakh as at June 30, 2026
  • Negative net worth indicates material uncertainty that may cast significant doubt on company's ability to continue as going concern
  • Ultimate outcome not ascertainable; unable to comment on consequential impact
  • Management believes implementation of resolution plan will make net worth positive, hence accounts prepared on going concern basis

Emphasis of Matter:

  • Reiterates the material uncertainty regarding going concern status due to accumulated losses and negative net worth

Other Matter:

  • Elaborates on the NCLT resolution plan approval process and transition of promoter status