Board Meeting Details

The Board of Directors meeting was held on Saturday, 14th November 2026 at 74 Janpath, New Delhi 110001. The meeting commenced at 04:00 PM and concluded at 05:00 PM.

Business Transacted

1. Considered and approved the Unaudited Financial Results (Standalone & Consolidated) along with the Limited Review Report for the Quarter and half year ended 30th September, 2026.

2. Taken note of the report received from Monitoring Agency.

Consolidated Financial Results (Amount in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹1,485.59
  • Other Income: ₹6.67
  • Total Revenue: ₹1,492.26
  • Total Expenses: ₹1,271.16
  • Profit before Tax: ₹221.10
  • Tax Expense: ₹38.09 (Current Tax)
  • Profit after Tax before NCI: ₹183.01
  • Non-Controlling Interest: ₹(62.65)
  • Net Profit after NCI: ₹120.36
  • Basic EPS: ₹1.37
  • Diluted EPS: ₹1.37

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹2,888.41
  • Other Income: ₹6.78
  • Total Revenue: ₹2,895.19
  • Total Expenses: ₹2,576.72
  • Profit before Tax: ₹318.47
  • Tax Expense: ₹62.13 (Current Tax)
  • Profit after Tax before NCI: ₹256.34
  • Non-Controlling Interest: ₹(81.44)
  • Net Profit after NCI: ₹174.90
  • Basic EPS: ₹1.99
  • Diluted EPS: ₹1.99

Standalone Financial Results (Amount in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹34.00
  • Other Income: ₹8.86
  • Total Revenue: ₹42.86
  • Total Expenses: ₹10.09
  • Profit before Tax: ₹32.77
  • Net Profit: ₹32.77
  • Basic EPS: ₹0.37
  • Diluted EPS: ₹0.37

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹47.50
  • Other Income: ₹8.86
  • Total Revenue: ₹56.36
  • Total Expenses: ₹21.78
  • Profit before Tax: ₹34.58
  • Net Profit: ₹34.58
  • Basic EPS: ₹0.39
  • Diluted EPS: ₹0.39

Subsidiary Information

The consolidated results include:

1. Solven Power Systems Private Limited (73.75% subsidiary)

2. Procasts Engineering Private Limited (51% subsidiary acquired on 01st September, 2026 by subscribing to 28,92,165 shares)

The consolidated financial results for quarter ending September 30, 2026 comprise Classic Filaments Limited and both subsidiaries. Previous period results (Q2 FY25, H1 FY25, and FY26) comprise only the holding company as there were no subsidiaries at that time.

Capital Structure

Paid-up capital increased to ₹880.77 lakh (face value ₹10 per share) from ₹611.33 lakh in previous periods, reflecting the preferential issue.

Assets and Liabilities Position (Consolidated)

As at September 30, 2026:

  • Total Assets: ₹7,124.33 lakh
  • Non-current Assets: ₹1,581.31 lakh (including Property, Plant & Equipment: ₹700.49 lakh, Goodwill: ₹285.13 lakh)
  • Current Assets: ₹5,543.02 lakh (including Inventories: ₹1,691.15 lakh, Trade Receivables: ₹2,879.83 lakh)
  • Total Equity: ₹2,135.51 lakh (Shareholders) + ₹1,050.41 lakh (NCI) = ₹3,185.92 lakh
  • Non-current Liabilities: ₹1,439.99 lakh (Borrowings)
  • Current Liabilities: ₹2,498.42 lakh

Cash Flow Statement (Consolidated)

Half Year Ended September 30, 2026:

  • Net cash used in operating activities: ₹(500.75) lakh
  • Net cash used in investing activities: ₹(117.48) lakh
  • Net cash from financing activities: ₹1,029.51 lakh (including proceeds from equity issue: ₹1,387.57 lakh)
  • Net increase in cash: ₹411.28 lakh
  • Cash and cash equivalents at end: ₹444.49 lakh

Preferential Issue and Monitoring Report

Brickwork Ratings submitted the First Monitoring Agency Report for the quarter ended September 30, 2026 regarding the preferential issue of equity shares.

Issue Details:

  • Type: Preferential Issue of Equity Shares
  • Proposed Size: ₹24.30 crore
  • Actual Receipt: ₹13.88 crore (undersubscribed due to non-receipt from certain investors)
  • Issue Period: August 04, 2026 to August 18, 2026
  • Number of Shares: 4,717,740 at ₹51.50 per share

Utilization of Proceeds (as of September 30, 2026):

1. Acquisition of Procasts Engineering: ₹12.00 crore (fully utilized)

2. Acquisition of Solven Power Systems: ₹1.25 crore out of ₹1.63 crore

3. Expansion of existing business: ₹0.00 out of ₹0.10 crore

4. General corporate purposes: ₹0.06 crore out of ₹0.15 crore

Unutilized amount of ₹0.52 crore was kept in ICICI Bank public issue account and ₹0.04 crore in monitoring account.

Auditor Review

Lakhankiya&Dosi LLP conducted limited review of both standalone and consolidated financial results and concluded that nothing came to their attention suggesting material misstatement or non-compliance with disclosure requirements.

Additional Information

  • Segment reporting not applicable as operations relate to only one segment (Information Technology)
  • No investor complaints outstanding at beginning of quarter
  • Previous period figures regrouped/rearranged/reclassified wherever necessary
  • Results updated on company website: www.classicfilamentsltd.com