Key Financial Figures - Standalone (Quarter ended June 30, 2026)

  • Revenue from operations: ₹220.16 crore (Q1 FY26: ₹181.89 crore)
  • Total income: ₹221.98 crore (Q1 FY26: ₹184.91 crore)
  • Profit before tax: ₹7.01 crore (Q1 FY26: loss of ₹17.65 crore)
  • Net profit: ₹7.01 crore (Q1 FY26: loss of ₹13.55 crore)
  • Basic EPS: ₹4.25 (Q1 FY26: negative ₹9.27)
  • Diluted EPS: ₹3.98
  • Finance costs: ₹18.67 crore
  • Depreciation: ₹10.76 crore

Key Financial Figures - Consolidated (Quarter ended June 30, 2026)

  • Total income: ₹223.21 crore
  • Net profit: ₹6.22 crore
  • Basic EPS: ₹3.77
  • Diluted EPS: ₹3.53

Director Resignation

Mr. Avinash S. Joshi (DIN: 05320116) resigned as Independent Director effective close of business hours on 10 August 2026 due to personal reasons. He confirmed no other material reasons for resignation. Consequently, he ceased to be Member of Audit Committee, Nomination and Remuneration Committee, and Chairman of Audit Committee.

Committee Composition Changes

Effective 11 August 2026:

Audit Committee: Mr. Kavaseri Ramaswamy Viswanathan (Chairperson), Mr. Sudhir Pendse (Member), Mrs. Ankita Kariya (Member)

Nomination & Remuneration Committee: Mr. Sudhir Pendse (Chairperson), Mr. Sanjeev Tole (Member), Mr. Pramod Toshniwal (Member)

Warrant Conversion Details

The company received ₹25.58 crore during the quarter being 75% of 17,05,000 outstanding warrants. Conversion option for 3,15,000 share warrants were not exercised within 18 months from allotment date (5 December 2024), resulting in forfeiture of ₹1.58 crore which was transferred to capital reserve.

Other Material Information

  • The company revalued all classes of Property, Plant & Equipment as on 1 April 2026 based on independent valuer's report, recognizing ₹21.03 crore in revaluation reserve.
  • Outstanding public fixed deposit liability of ₹2.34 crore (including interest) was transferred to Investor Education and Protection Fund pursuant to NCLT order dated 5 June 2026.
  • The company redeemed 2,55,75,500 0.1% Redeemable Preference Shares of ₹10 each issued to Bilcare Limited.
  • No current tax provision due to carried forward business losses/unabsorbed depreciation.
  • Deferred tax assets not recognized due to unabsorbed carry forward losses.

Auditor Review

Statutory auditors Patki and Soman issued limited review reports for both standalone and consolidated financial results, noting nothing came to their attention causing belief that the statements contain material misstatements.