Board Meeting Details

The Board of Directors meeting was held on 4th November, 2026 through Video Conferencing, commencing at 12:00 PM and concluding at 12:10 PM. The Board considered and approved:

  • 1. The Unaudited Standalone and Consolidated Financial Results for the Quarter and Half-Year ended 30th September, 2026 along with Limited Review Report
  • 2. Statement of Deviations/Variations for the proceeds of the Preferential Issue of Convertible Warrants for the Quarter ended 30th September, 2026 as per Regulation 32 of SEBI (LODR) Regulations, 2015

Financial Results - Standalone (Amount in ₹ Lakhs)

Quarterly Performance:

  • Q2 FY2027 (30.09.2026): Revenue From Operations: ₹145.87, Other Income: ₹0.28, Total Income: ₹146.15
  • Q2 FY2026 (30.09.2025): Revenue From Operations: ₹116.16, Other Income: ₹64.00, Total Income: ₹180.16
  • Q1 FY2027 (30.06.2026): Revenue From Operations: Not disclosed, Other Income: Not disclosed

Half-Yearly Performance (YTD):

  • H1 FY2027 (30.09.2026): Revenue From Operations: ₹145.87, Other Income: ₹0.28, Total Income: ₹146.15
  • H1 FY2026 (30.09.2025): Revenue From Operations: ₹116.16, Other Income: ₹64.00, Total Income: ₹180.16

Profit/(Loss):

  • Q2 FY2027: Profit before tax: ₹39.70, Profit after tax: ₹29.78
  • Q1 FY2027: Loss before tax: ₹(13.08), Loss after tax: ₹(9.86)
  • H1 FY2027: Profit before tax: ₹26.62, Profit after tax: ₹19.92
  • Q2 FY2026: Profit before tax: ₹100.24, Profit after tax: ₹74.98
  • H1 FY2026: Profit before tax: ₹82.66, Profit after tax: ₹57.62
  • Full Year FY2026: Profit before tax: ₹239.38, Profit after tax: ₹169.87

Earnings Per Share (₹):

  • Q2 FY2027: Basic & Diluted: 0.67
  • Q1 FY2027: Basic & Diluted: (0.13)
  • H1 FY2027: Basic & Diluted: 0.25
  • Q2 FY2026: Basic & Diluted: 2.46
  • H1 FY2026: Basic & Diluted: 1.89
  • Full Year FY2026: Basic & Diluted: 3.83

Equity Share Capital:

  • As of 30.09.2026: ₹786.20 lakh (78,62,010 shares)
  • As of 31.03.2026: ₹786.20 lakh (44,31,482 shares)
  • As of 30.09.2025: Not provided (30,50,000 shares)

Financial Results - Consolidated (Amount in ₹ Lakhs)

Quarterly Performance:

  • Q2 FY2027: Revenue From Operations: ₹145.87, Other Income: ₹0.28, Total Income: ₹146.15
  • Q1 FY2027: Revenue From Operations: Not disclosed, Other Income: Not disclosed
  • Q2 FY2026: Revenue From Operations: ₹116.16, Other Income: ₹64.00, Total Income: ₹180.16

Profit/(Loss):

  • Q2 FY2027: Profit before tax: ₹33.70, Profit after tax: ₹23.78
  • Q1 FY2027: Loss before tax: ₹(13.08), Loss after tax: ₹(9.86)
  • H1 FY2027: Profit before tax: ₹20.62, Profit after tax: ₹13.92
  • Q2 FY2026: Profit before tax: ₹100.24, Profit after tax: ₹74.98
  • H1 FY2026: Profit before tax: ₹82.66, Profit after tax: ₹57.62

Earnings Per Share (₹):

  • Q2 FY2027: Basic & Diluted: 0.30
  • Q1 FY2027: Basic & Diluted: (0.13)
  • H1 FY2027: Basic & Diluted: 0.18
  • Q2 FY2026: Basic & Diluted: 2.46
  • H1 FY2026: Basic & Diluted: 1.89

Balance Sheet Position (Standalone) as of 30.09.2026

  • Total Assets: ₹2,279.44 lakh (Previous year: ₹2,199.92 lakh)
  • Non-Current Investments: ₹566.92 lakh (Previous: ₹541.60 lakh)
  • Inventories: ₹189.69 lakh (Previous: ₹84.76 lakh)
  • Trade Receivables: ₹507.20 lakh (Previous: ₹433.18 lakh)
  • Cash and Cash Equivalents: ₹44.75 lakh (Previous: ₹37.98 lakh)
  • Share Capital: ₹786.20 lakh (Unchanged)
  • Money received against Share Warrants: ₹166.90 lakh (Previous: ₹91.90 lakh)

Cash Flow Statement (Standalone) for H1 FY2027

  • Cash flow from Operating Activities: ₹(120.35) lakh
  • Cash flow from Investing Activities: ₹52.12 lakh
  • Cash flow from Financing Activities: ₹75.00 lakh
  • Net increase in cash: ₹6.77 lakh
  • Cash balance as of 30.09.2026: ₹44.75 lakh

Subsidiary Information

  • The Company has one subsidiary: Novva Defence Iinds Limited
  • Subsidiary financials: Total revenue ₹0.00 lakh, net loss after tax ₹(0.00) lakh for Q2 FY2027
  • Subsidiary financial results are unaudited and not reviewed by any auditors

Preferential Issue Proceeds Utilization

  • Mode of Fund Raising: Preferential Issue - Convertible Warrants
  • Date of Raising Funds: 23-10-2024
  • No deviation/variation in use of funds raised
  • Funds utilized during September Quarter: ₹50.00 lakh for General Corporate Purpose
  • Total amount received against warrants: ₹975.31 lakh across multiple tranches
  • Total utilized till September Quarter: ₹900.31 lakh for Working Capital (₹675.23 lakh) and General Corporate Purpose (₹225.08 lakh)

Auditor Review

  • Limited review conducted by Sunit M. Chhatbar & Co., Chartered Accountants (Firm Registration Number: 141068W)
  • Review report dated 04/11/2026
  • Nothing has come to their attention that causes them to believe the financial results contain any material misstatement

Additional Notes

  • Number of investor complaints as of 30.09.2026: 0
  • Company operates in one segment: Trading of Agricultural Products
  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
  • Previous year figures have been regrouped/reclassified wherever necessary
  • No adjustments in profit & loss for Q2 FY2027 under Ind AS