Board Meeting Details
The Board meeting commenced at 1:30 PM and concluded at 05:27 PM on 2nd November, 2026.
Key Board Approvals
1. Approved the Un-audited Standalone financial results of the Company for the second quarter and Half year ended September 30, 2026 along with Limited Review Report thereon and Declaration of unmodified opinion and CFO certificate pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
2. Considered and approved the new limits of material Related Party Transactions with various related parties
3. Considered and approved Postal Ballot Notice including the e-voting period for approving the aforesaid material related party transactions pursuant to Section 110 of the Companies Act, 2013 and other applicable provisions
4. Cut Off date for determining shareholders eligible to vote by electronic means shall be 13th November, 2026
5. Approved the appointment of Ajit Kumar & Associates, Practicing Company Secretary as Scrutinizer for E-Voting Process for AGM
Financial Results Overview (Standalone)
Quarter Ended 30th September 2026 (Unaudited)
- Total Income: ₹69.37 lakh
- Profit/(Loss) before tax: ₹0.82 lakh
- Tax Expenses: ₹3.11 lakh
- Profit/(Loss) for the period: ₹0.85 lakh
- Other Comprehensive Income: ₹(-0.30) lakh
- Total Comprehensive Income: ₹0.85 lakh
- Basic EPS: ₹0.08
- Diluted EPS: ₹0.08
Half Year Ended 30th September 2026 (Unaudited)
- Total Income: ₹101.17 lakh
- Profit/(Loss) before tax: ₹1.30 lakh
- Tax Expenses: ₹3.11 lakh
- Profit/(Loss) for the period: ₹1.33 lakh
- Other Comprehensive Income: ₹(-0.29) lakh
- Total Comprehensive Income: ₹1.33 lakh
- Basic EPS: ₹0.13
- Diluted EPS: ₹0.13
Comparative Figures (Quarter)
- Preceding Quarter (30.06.2026): Profit before tax ₹47.91 lakh, Profit for period ₹47.91 lakh
- Corresponding Quarter (30.09.2025): Profit before tax ₹3.01 lakh, Profit for period ₹3.01 lakh
Comparative Figures (Half Year)
- Corresponding Half Year (30.09.2025): Loss before tax ₹(-381.65) lakh, Loss for period ₹(-381.65) lakh
- Year Ended (31.03.2026): Loss before tax ₹(-876.48) lakh, Loss for period ₹(-876.48) lakh
Balance Sheet Position (as at 30th September 2026)
- Total Assets: ₹1,123.04 lakh (Previous: ₹991.67 lakh)
- Equity Share Capital: ₹103.95 lakh
- Other Equity: ₹(-78.19) lakh
- Total Equity: ₹25.76 lakh
- Non-Current Liabilities: ₹507.35 lakh (Borrowings: ₹506.61 lakh)
- Current Liabilities: ₹589.93 lakh (Borrowings: ₹322.54 lakh, Trade Payables: ₹187.64 lakh)
Cash Flow Statement (Half Year Ended 30.09.2026)
- Cash flow from operating activities: ₹(-118.70) lakh
- Cash flow from investment activities: ₹33.64 lakh
- Cash flow from financial activities: ₹107.25 lakh
- Net increase in cash: ₹22.18 lakh
- Opening cash balance: ₹66.01 lakh
- Closing cash balance: ₹88.19 lakh
Segment Information
There is only one reportable segment for the company i.e. Trading, Manufacturing of Cotton Bales & Cotton Yarn in terms of Ind AS-108.
Investor Complaints
Opening unresolved - NIL, Received during the quarter - NIL
Postal Ballot Process Calendar
- Date of Board Resolution: 02-11-2026
- Cut-off date for shareholders: 13-11-2026
- Dispatch of Notice completion: 17-11-2026
- Newspaper Advertisement: 18-11-2026
- E-voting commencement: 21-11-2026
- E-voting end: 20-12-2026
- Resolution deemed passed: 21-12-2026
- Scrutinizer report submission: 21-12-2026
- Result declaration: 21-12-2026
Certifications and Declarations
- CFO Certificate provided by Shrutisheel Jhanwar, Chief Financial Officer, confirming financial results do not contain any false or misleading statements
- Declaration provided by Bhupendra Singh Rajpal, Chairman, confirming Auditor's Limited Review Report contains un-modified opinion
- Independent Auditor's Review Report by Ashok R. Majethia & Co., Chartered Accountants with unmodified opinion