Financial Results Overview (Standalone)

Quarter Ended September 30, 2026 (Unaudited)

  • Revenue from Operations: ₹170.00 lakh
  • Other Income: ₹(0.00) lakh
  • Total Income: ₹170.00 lakh
  • Total Expenses: ₹16.28 lakh
  • Employee Benefits Expense: ₹5.71 lakh
  • Other Expenses: ₹10.56 lakh
  • Profit before tax: ₹153.72 lakh
  • Tax Expense: ₹0.00 lakh
  • Profit for the period: ₹153.72 lakh
  • Earnings Per Share (Basic & Diluted): ₹2.50

Half Year Ended September 30, 2026 (Unaudited)

  • Revenue from Operations: ₹225.00 lakh
  • Other Income: ₹3.89 lakh
  • Total Income: ₹228.89 lakh
  • Total Expenses: ₹22.77 lakh
  • Employee Benefits Expense: ₹8.23 lakh
  • Other Expenses: ₹14.54 lakh
  • Profit before tax: ₹206.13 lakh
  • Tax Expense: ₹0.00 lakh
  • Profit for the period: ₹206.13 lakh
  • Earnings Per Share (Basic & Diluted): ₹3.35

Comparative Figures (Quarter Ended)

  • June 30, 2026: Profit of ₹52.40 lakh (EPS: ₹0.85)
  • September 30, 2025: Loss of ₹(1.53) lakh (EPS: ₹(0.02))

Comparative Figures (Half Year Ended)

  • September 30, 2025: Loss of ₹(0.76) lakh (EPS: ₹(0.01))

Key Notes to Financial Statements

Note 4: Rights Issue (Post-Period Event)

The Board of Directors, in a meeting on 15th July 2026, approved raising funds through a Rights Issue of equity shares, subject to regulatory approvals. BSE Limited granted its in-principle approval on 29th September 2026 for an issue of up to ₹20 crore.

Subsequent to the quarter end, the Company issued 1,96,68,019 equity shares of ₹10 each at ₹10 per share, aggregating to ₹1,966.80 lakh (₹19.67 crore). The Rights Entitlement Ratio was 16 equity shares for every 5 fully paid-up equity shares held. BSE Limited approved the issue on 8th October 2026, and relevant notices were published on 21st October 2026.

This event is disclosed as a non-adjusting event under Ind AS 10. The proceeds and the resultant increase in share capital are not recognized in these results. The paid-up share capital increased from ₹614.63 lakh to ₹2,581.43 lakh post-allotment. Acuité Ratings & Research Limited has been appointed as the Monitoring Agency for the utilization of the issue proceeds.

Note 5: Unbilled Revenue Recognition

During the quarter, the Company recognized revenue of ₹150.00 lakh under 'Revenue from Operations' for export of software development and related services rendered to an overseas customer. The services have been completed and revenue recognized based on the contractual arrangement. However, the corresponding invoices had not been raised as of September 30, 2026, pending formal acceptance/confirmation and completion of billing formalities by the customer. The company is in the process of completing these formalities.

Other Notes

  • The financial results are prepared in accordance with Indian Accounting Standards (Ind AS).
  • Segment reporting is not applicable as the company operates only in one segment: Advisory Services.
  • Paid-up equity share capital remained unchanged at ₹614.63 lakh during the period.

Assets and Liabilities Position (As of September 30, 2026)

Total Assets: ₹451.98 lakh

  • Non-Current Assets: ₹2.24 lakh (Other Non-Current Tax Assets)
  • Current Assets: ₹449.74 lakh
  • Cash and Cash Equivalents: ₹3.44 lakh
  • Other Financial Assets: ₹442.54 lakh
  • Other Current Assets: ₹3.75 lakh

Equity and Liabilities: ₹451.98 lakh

  • Equity: ₹406.38 lakh
  • Equity Share Capital: ₹614.63 lakh
  • Other Equity: ₹(208.25) lakh
  • Current Liabilities: ₹45.60 lakh
  • Trade Payables: ₹4.03 lakh
  • Micro & Small Enterprises: ₹1.54 lakh
  • Others: ₹2.49 lakh
  • Other Current Liabilities: ₹37.53 lakh
  • Provisions: ₹4.04 lakh

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net Cash Used in Operating Activities: ₹(200.66) lakh
  • Net Cash from/(used in) Investing Activities: ₹0.00 lakh
  • Net Cash from/(used in) Financing Activities: ₹0.00 lakh
  • Net Decrease in Cash and Cash Equivalents: ₹(200.66) lakh
  • Cash and Cash Equivalents at period start: ₹204.10 lakh
  • Cash and Cash Equivalents at period end: ₹3.44 lakh

Auditor's Review

M/s. Rafik and Associates, Chartered Accountants (ICAI FRN: 146573W), issued a limited review report pursuant to Regulation 33 of SEBI LODR. The review was conducted under Standard on Review Engagement (SRE) 2410. The report emphasizes the matters described in Note 4 (Rights Issue) and Note 5 (Unbilled Revenue) of the financial results. Based on their review, nothing has come to their attention that causes them to believe that the statement contains any material misstatement.