The statutory auditors, M/s. CNGSN & Associates LLP, issued a limited review report on the same date. The financial results are prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and the SEBI Listing Regulations.

Financial Performance Highlights (Standalone)

For the Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹988.26 lakhs
  • Other Income: ₹0.00 lakhs
  • Total Revenue: ₹988.26 lakhs
  • Total Expenses: ₹986.87 lakhs
  • Profit Before Tax: ₹1.39 lakhs
  • Net Profit After Tax: ₹1.39 lakhs
  • Earnings Per Share (Basic & Diluted): ₹0.00

For the Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹2,524.71 lakhs
  • Other Income: ₹0.02 lakhs
  • Total Revenue: ₹2,524.73 lakhs
  • Total Expenses: ₹2,490.44 lakhs
  • Profit Before Tax: ₹34.29 lakhs
  • Net Profit After Tax: ₹34.29 lakhs
  • Earnings Per Share (Basic & Diluted): ₹0.01
  • Total Comprehensive Income: ₹34.29 lakhs

Comparative Figures (Audited for Year Ended March 31, 2026):

  • Revenue from Operations: ₹4,308.84 lakhs
  • Other Income: ₹16.30 lakhs
  • Total Revenue: ₹4,325.14 lakhs
  • Net Profit After Tax: ₹16.88 lakhs
  • Total Comprehensive Income: ₹44.87 lakhs

Key Balance Sheet Positions (as of 30.09.2026)

  • Total Assets: ₹12,285.31 lakhs (Previous: ₹9,704.10 lakhs as of 31.03.2026)
  • Property, Plant and Equipment: ₹225.69 lakhs
  • Cash and Cash Equivalents: ₹1,366.07 lakhs
  • Total Equity: ₹1,365.09 lakhs
  • Trade Payables to Micro & Small Enterprises: ₹601.07 lakhs
  • Other Financial Liabilities: ₹7,065.87 lakhs

Auditor's Emphasis of Matter

The auditors drew attention to several items in their review report:

1. Delays in Remittance of Statutory Dues: As of the reporting date, TDS of ₹26.85 lakhs for April to September 2026 and GST of ₹81.81 lakhs for August to September 2026 remain unpaid, with no provision made for interest. EPF contributions of ₹7.24 lakhs for June to September 2026 also remain unpaid, though provision has been made.

2. Unpaid MSME Dues: Dues to Micro and Small Enterprises, including interest, aggregating ₹8.59 crores remain unpaid beyond the due dates prescribed under the MSMED Act, 2006.

3. Outstanding TDS Demand: An outstanding TDS demand of ₹13.75 lakhs remains unpaid, with no provision recognized in the books.

The auditor's opinion is not modified in respect of these matters.

Utilization of Issue Proceeds (Annexure-II)

The disclosure confirms there is no deviation or variation in the use of proceeds from the preferential issue of equity shares raised on 8th May 2025. The amount raised was ₹6,60,76,092 (₹6.61 crores). No funds were utilized during the quarter ended 30th September 2026. The original object for the funds was "Allocation towards Corporate General purposes and upcoming projects and execution of Bank Guarantee, Performance Guarantee and Advances in respect to the projects."

Additional Information

  • The company's business is a single segment: Construction.
  • Figures for previous periods have been regrouped and reclassified where necessary.
  • The financial results are available on the BSE website (www.bseindia.com) and the company's website (www.coromandelengg.com).