Board Meeting Details

The Board of Directors meeting was held via Video Conferencing on Friday, 14th August, 2026, commencing at 01:10 P.M. and concluding at 01:32 P.M.

Key Approvals

The Board considered and approved the following items:

1. The Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th June, 2026, along with the Limited Review Report.

2. Statement of Deviations/Variations for the proceeds of the Preferential Issue of Convertible Warrants for the quarter ended 30th June, 2026, as per Regulation 32 of SEBI (LODR) Regulations, 2015.

3. Noted the receipt of a tranche of consideration amounting to Rs. 25,00,000/- (Rupees Twenty-Five Lakhs Only) from the allottee, Mr. Dilip Keshrimall Sanklecha, towards Convertible Warrants allotted on 23rd September, 2025. The warrants were issued at a price of Rs. 16.80/- each (including a premium of Rs. 6.80/- each and face value of Rs. 10.00/- each) for cash consideration to non-promoter category entities on a preferential basis, in accordance with Chapter V of SEBI (ICDR) Regulations, 2018.

Standalone Financial Results (Quarter ended 30th June, 2026)

  • Revenue from Operations: ₹145.87 lakhs (Unaudited)
  • Other Income: ₹0.28 lakhs (Unaudited)
  • Total Income: ₹146.15 lakhs (Unaudited)
  • Total Expenses: ₹106.45 lakhs (Unaudited), comprising:
  • Purchase of Stock-in-Trade: ₹193.70 lakhs
  • Change in Inventory: (₹104.93) lakhs
  • Employee Benefits Expenses: ₹10.69 lakhs
  • Other Expenses: ₹6.99 lakhs
  • Profit Before Tax: ₹39.70 lakhs (Unaudited)
  • Tax Expense: ₹9.92 lakhs (Current Tax)
  • Net Profit for the Period: ₹29.78 lakhs (Unaudited)
  • Earnings Per Share (EPS): Basic and Diluted EPS of ₹0.38

Comparative Figures (Standalone)

  • Previous Quarter (31.03.2026, Audited): Net Profit of ₹7.09 lakhs
  • Same Quarter Previous Year (30.06.2025, Unaudited): Net Loss of ₹(17.36) lakhs
  • Full Year Ended 31.03.2026 (Audited): Net Profit of ₹169.87 lakhs

Consolidated Financial Results

  • The consolidated results include the subsidiary Nowa Defence lnds Limited.
  • The subsidiary reported total revenue of ₹0.00 lakhs and a net loss after tax of ₹(4.49) lakhs for the quarter ended 30th June, 2026. These figures are unaudited and were not reviewed by any auditors, as certified by the Management.

Statement of Deviations/Variations

  • Mode of Fund Raising: Preferential Issue - Convertible Warrants
  • Amount Raised: As per Annexure I
  • Quarter Ended: 30-06-2026
  • Deviation/Variation in Use of Funds: No deviation or variation reported.
  • Objects of Fund Raising:
  • To Meet Working Capital Requirements: ₹882.00 lakhs (original allocation)
  • General Corporate Purpose: ₹294.00 lakhs (original allocation)
  • Funds Utilized: As per Annexure I
  • Comments of Audit Committee: None
  • Comments of Auditors: None

Annexure I - Fund Utilization Details

  • Total Amount Raised: ₹1,176.00 lakhs
  • Amount Received: ₹882.00 lakhs
  • Amount Converted into Equity: ₹378.21 lakhs
  • Amount Pending for Conversion: ₹0.00 lakhs
  • Utilization till March Quarter: ₹378.21 lakhs
  • Utilization in June Quarter: ₹1.30 lakhs
  • For Working Capital Requirement: ₹1.30 lakhs
  • For General Corporate Purpose: ₹0.00 lakhs
  • Note: During the quarter, the company received ₹50,00,000/- (Rupees Fifty Lakhs Only) as per the board consideration at its meeting held on 24th June, 2026.

Notes to Accounts

1. Number of investor complaints received, disposed of, and lying unresolved as on 30.06.2026: 0.

2. The results were reviewed by the audit committee and approved by the Board on 14th August, 2026.

3. The company has one segment: Trading of Agricultural Products.

4. The company adopted IND AS from 1st April 2017.

5. There were no adjustments in the profit & loss for Q1 FY27 under IND AS.

Auditor's Review

Sunit M. Chhatbar & Co., Chartered Accountants (ICAI Firm Registration Number: 141068W), issued a limited review report stating that nothing has come to their attention causing them to believe that the financial results contain any material misstatement. The review was conducted in accordance with SRE 2410.