Board Meeting Details

The meeting commenced at 3:30 PM and concluded at 11:45 PM on November 12, 2026.

Key Decisions Approved

1. Un-audited Standalone Financial Results: Approved the un-audited standalone financial results for the half year ended September 30, 2026, along with the limited review report from the auditor, as recommended by the Audit Committee.

2. Un-audited Consolidated Financial Results: Approved the un-audited consolidated financial results for the half year ended September 30, 2026, along with the limited review report from the auditor, as recommended by the Audit Committee.

3. Appointment of Secretarial Auditor: Approved the appointment of M/s. Ronak Jhuthawat & Co., a peer-reviewed firm of Practicing Company Secretaries, as the Secretarial Auditors of the Company to conduct Secretarial Audit for the financial year 2026-27, subject to approval by the members at the ensuing general meeting.

Details of Secretarial Auditor Appointment

  • Reason for Appointment: New appointment of M/s. Ronak Jhuthawat & Co.
  • Date of Appointment: November 12, 2026 (subject to shareholder approval)
  • Term: Financial year 2026-27
  • Firm Profile: M/s. Ronak Jhuthawat & Co. is a well-known firm established by Dr. CS Ronak Jhuthawat, a fellow member of ICSI with over 12 years of experience in corporate secretarial and compliance management services. The firm provides Corporate Governance, secretarial audit, Compliance Management, Diligence Report, and assurance services.
  • Relationships: Not applicable (no relationships between directors disclosed).

Financial Results Overview (Consolidated)

Profit and Loss Statement (Half Year Ended September 30, 2026)
  • Income from Operations (Net of GST): ₹638.26 crore (compared to ₹416.06 crore in H1 FY26 and ₹1,170.93 crore in FY26)
  • Other Operating Income: ₹17.38 lakh (compared to ₹390.95 lakh in H1 FY26 and ₹166.67 lakh in FY26)
  • Total Income: ₹634.56 crore (compared to ₹455.15 crore in H1 FY26 and ₹1,187.60 crore in FY26)
  • Total Expenses: ₹503.91 crore (compared to ₹376.33 crore in H1 FY26 and ₹941.84 crore in FY26)
  • Profit Before Tax: ₹130.65 crore (compared to ₹78.82 crore in H1 FY26 and ₹245.76 crore in FY26)
  • Tax Expense: ₹31.55 crore (compared to ₹0.41 crore in H1 FY26 and ₹63.93 crore in FY26)
  • Profit from Continuing Operations: ₹99.11 crore (compared to ₹78.51 crore in H1 FY26 and ₹181.83 crore in FY26)
  • Profit from Associate Company: ₹0.62 lakh (nil in prior periods)
  • Profit for the Period: ₹99.79 crore (compared to ₹78.51 crore in H1 FY26 and ₹181.83 crore in FY26)
  • Total Comprehensive Income: ₹99.79 crore (compared to ₹78.51 crore in H1 FY26 and ₹181.80 crore in FY26)
  • Earnings Per Share (Basic/Diluted): ₹4.85 (compared to ₹5.23 in H1 FY26 and ₹12.11 in FY26)
Balance Sheet (Consolidated as of September 30, 2026)
  • Share Capital: ₹20.81 crore (compared to ₹0.01 crore as of September 2025 and ₹15.01 crore as of March 2026)
  • Reserves & Surplus: ₹978.97 crore (compared to ₹331.05 lakh as of September 2025 and ₹277.11 crore as of March 2026)
  • Total Equity and Liabilities: ₹1,681.74 crore (compared to ₹583.13 lakh as of September 2025 and ₹836.15 crore as of March 2026)
  • Non-Current Assets: Includes Property, Plant and Equipment (₹48.04 crore), Deferred Tax Assets (₹30.34 lakh), Non-Current Investments (₹235.11 lakh), Loans and Advances (Long-term) (₹591.34 lakh), and Other Non-Current Assets (₹398.04 lakh)
  • Current Assets: Includes Inventories (₹1,571.14 lakh), Trade Receivables (₹536.29 lakh), Cash and Cash Equivalents (₹5,313.49 lakh), Short-term Loans & Advances (₹248.65 lakh), and Other Current Assets (₹348.17 lakh)
Shareholding Pattern (Consolidated)
  • Public Shareholding: 60,30,320 shares (20.33% of total share capital)
  • Promoter & Promoter Group Shareholding: 1,45,29,680 shares (70.67% of total shareholding of Promoters and 100% of total share capital)
  • Pledged/Encumbered Shares: None disclosed

Financial Results Overview (Standalone)

Profit and Loss Statement (Half Year Ended September 30, 2026)
  • Income from Operations (Net of GST): ₹627.37 crore (compared to ₹303.71 crore in H1 FY26 and ₹1,135.60 crore in FY26)
  • Other Operating Income: ₹15.87 lakh (compared to ₹388.46 lakh in H1 FY26 and ₹164.14 lakh in FY26)
  • Total Income: ₹628.96 crore (compared to ₹432.55 crore in H1 FY26 and ₹1,152.02 crore in FY26)
  • Total Expenses: ₹496.79 crore (compared to ₹358.27 crore in H1 FY26 and ₹908.74 crore in FY26)
  • Profit Before Tax: ₹182.17 crore (compared to ₹74.29 crore in H1 FY26 and ₹243.27 crore in FY26)
  • Tax Expense: ₹31.93 crore (compared to nil in H1 FY26 and ₹63.74 crore in FY26)
  • Profit for the Period: ₹100.24 crore (compared to ₹74.29 crore in H1 FY26 and ₹179.53 crore in FY26)
  • Total Comprehensive Income: ₹100.24 crore (compared to ₹74.29 crore in H1 FY26 and ₹179.53 crore in FY26)
  • Earnings Per Share (Basic/Diluted): ₹4.88 (compared to ₹4.95 in H1 FY26 and ₹11.90 in FY26)
Balance Sheet (Standalone as of September 30, 2026)
  • Share Capital: ₹20.56 crore (compared to ₹0.01 crore as of September 2025 and ₹15.01 crore as of March 2026)
  • Reserves & Surplus: ₹980.49 crore (compared to ₹327.09 lakh as of September 2025 and ₹274.60 crore as of March 2026)
  • Total Equity and Liabilities: ₹1,676.81 crore (compared to ₹575.24 lakh as of September 2025 and ₹833.82 crore as of March 2026)
  • Non-Current Assets: Includes Property, Plant and Equipment (₹47.99 crore), Deferred Tax Assets (₹30.32 lakh), Non-Current Investments (₹228.36 lakh), Loans and Advances (Long-term) (₹591.34 lakh), and Other Non-Current Assets (₹391.94 lakh)
  • Current Assets: Includes Inventories (₹1,571.04 lakh), Trade Receivables (₹535.18 lakh), Cash and Cash Equivalents (₹5,300.92 lakh), Short-term Loans & Advances (₹248.04 lakh), and Other Current Assets (₹301.20 lakh)
Shareholding Pattern (Standalone)
  • Public Shareholding: 60,30,320 shares (29.33% of total share capital)
  • Promoter & Promoter Group Shareholding: 1,45,29,680 shares (70.67% of total shareholding of Promoters and 100% of total share capital)
  • Pledged/Encumbered Shares: None disclosed

Auditor's Review

  • Auditor: R H Nisar & Co., Chartered Accountants (Firm Registration No.: 120895W)
  • Review Report: Issued limited review reports with unmodified conclusion on both standalone and consolidated unaudited financial results for the quarter ended September 30, 2026.
  • Scope: Review conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI and SEBI circular under Regulation 33(8).
  • Entities Included in Consolidation:
  • Synccit Solutions Private Limited (Associate Company)
  • Ignite Services Private Limited (Subsidiary)
  • CSML Group PTE Ltd (Subsidiary, incorporated outside India)

Additional Notes

  • Business Segment: The company operates in a single segment: 'Gaming & Asset Leasing'.
  • Financial Statement Preparation: Prepared in accordance with Indian Accounting Standards (Ind AS) and Accounting Standard 25 (Interim Financial Reporting).
  • Figures for quarter ended September 30, 2026: Balancing figures between audited figures for the full financial year and published year-to-date unaudited figures up to the third quarter of the previous financial year.
  • Previous Period Figures: Regrouped/reclassified wherever necessary for comparability.
  • Approval Process: Results reviewed and recommended by the Audit Committee and approved by the Board of Directors on November 12, 2026.

Cash Flow Statements

Both consolidated and standalone cash flow statements are provided, showing significant cash inflows from financing activities (₹659.49 crore consolidated, ₹644.14 crore standalone) primarily due to proceeds from share capital and securities premium issuance. Operating activities showed net cash outflows (₹114.35 crore consolidated, ₹96.12 crore standalone).