Financial Results Summary
Quarter Ended 30-09-2026 (Unaudited):
- Revenue from Operations: ₹551.20 lakh
- Total Revenue: ₹551.20 lakh
- Total Expenses: ₹525.01 lakh
- Profit Before Tax: ₹26.19 lakh
- Current Tax Expense: ₹6.77 lakh
- Net Profit: ₹19.41 lakh
- Basic EPS: ₹0.39
- Diluted EPS: ₹0.39
Quarter Ended 30-06-2026 (Unaudited):
- Revenue from Operations: ₹978.03 lakh
- Net Profit: ₹12.12 lakh
- Basic EPS: ₹0.25
Quarter Ended 30-09-2025 (Unaudited):
- Revenue from Operations: ₹10.05 lakh
- Net Profit: ₹7.17 lakh
- Basic EPS: ₹0.15
Half Year Ended 30-09-2026 (Unaudited):
- Revenue from Operations: ₹1,529.23 lakh
- Net Profit: ₹31.53 lakh
- Basic EPS: ₹0.64
Previous Year Ended 31-03-2026 (Audited):
- Revenue from Operations: ₹21.20 lakh
- Net Loss: ₹(3.79) lakh
- Basic EPS: ₹(0.08)
Expense Breakdown (Quarter Ended 30-09-2026)
- Purchase of Traded Goods: ₹592.88 lakh
- Changes in Inventories: ₹(73.57) lakh (decrease)
- Employee Benefits Expense: ₹0.45 lakh
- Other Expenses: ₹5.25 lakh
Capital Structure
- Paid-up Equity Share Capital (Face Value ₹10 each): ₹491.71 lakh (consistent across periods)
- Other Equity: ₹(375.18) lakh as at 30-09-2026 (Unaudited) compared to ₹(406.71) lakh as at 31-03-2026 (Audited)
Balance Sheet Position (as at 30-09-2026, Unaudited)
Assets:
- Total Assets: ₹2,188.33 lakh
- Non-Current Assets: ₹62.92 lakh (including Tangible Assets ₹22.92 lakh, Long-Term Loans & Advances ₹40.00 lakh)
- Current Assets: ₹2,125.41 lakh (including Inventories ₹326.45 lakh, Trade Receivables ₹1,725.07 lakh, Cash & Cash Equivalents ₹0.22 lakh)
Liabilities & Equity:
- Shareholders' Funds: ₹116.53 lakh
- Non-Current Liabilities: ₹5.86 lakh (Deferred Tax Liabilities)
- Current Liabilities: ₹2,065.94 lakh (including Short-Term Borrowings ₹122.78 lakh, Trade Payables ₹1,910.77 lakh, Other Current Liabilities ₹25.26 lakh)
Contingent Liabilities Disclosure
Pending Income Tax Demands:
1. ₹78.46 lakh pertaining to Assessment Years 2006-07, 2008-09, 2009-10, 2010-11, 2011-12, and 2018-19. Company is reconciling these demands and believes they resulted from non-giving of appeal effects or pending rectification proceedings.
2. ₹838.30 lakh pending before Supreme Court for Assessment Years 1996-97 and 1997-98 (includes principal tax demand, accrued interest, and penalties). Management is confident of favorable outcome based on legal advice.
Total Contingent Liability: ₹916.76 lakh as disclosed in financial statements
Auditor's Review Report
Auditor: Krutesh Patel & Associates (Chartered Accountants, FRN: 100865W)
Review Date: 06-November-2026
UDIN: 26140047JFJXCG5287
Key Emphasis Matters:
1. Material Uncertainty Relating to Going Concern: Auditor highlights uncertainty due to recurring operational losses, disposal of plant/machinery, and discontinuation of operations. Going concern appropriateness depends on company's ability to implement future business plans, arrange financial resources, and discharge liabilities.
2. Pending Income-Tax Demands: Auditor notes total pending demands of ₹1,053.56 lakh (including interest) as per Income Tax portal as at 06-Nov-2026, with ₹961.01 lakh related to Supreme Court matter. Adverse determination may materially impact financial position and liquidity.
Conclusion: Based on review, nothing has come to attention that causes belief that the Statement contains material misstatement or has not disclosed information required by Regulation 33.
Additional Disclosure
Non-Applicability of Related Party Transaction Disclosure:
- Company disclosed exemption from Regulation 23(9) requirements under SEBI LODR Regulations
- As of 31-March-2026: Net worth ₹85.00 lakh; Paid-up equity share capital ₹491.71 lakh
- Does not exceed stipulated criteria of ₹10 crore paid-up capital and ₹25 crore net worth
- Regulation 17-27 and Regulation 46(2)(b)-(i) and para C, D, E of Schedule V not applicable
Approval and Review Process
- Financial results reviewed by Audit Committee and approved by Board of Directors
- Board meeting date: 06-November-2026
- Limited Review Report issued by statutory auditors