The financial results were reviewed by the statutory auditors, Shiv & Associates (FRN: 009989N), who issued limited review reports with unmodified opinions for both standalone and consolidated results. The reports were signed by partner Abhishek Vashisht (M. No.- 526307) on November 13, 2026, in Faridabad.

Standalone Financial Performance (Half Year Ended September 30, 2026)

Balance Sheet Position:

  • Total equity and liabilities: ₹6,976.83 lakh (vs. ₹4,901.22 lakh as of March 31, 2026)
  • Shareholders' funds: ₹2,659.01 lakh (vs. ₹2,383.03 lakh)
  • Share capital: ₹702.44 lakh (unchanged)
  • Reserves and surplus: ₹1,956.57 lakh (vs. ₹1,680.59 lakh)
  • Long-term borrowings: ₹810.29 lakh (vs. ₹524.06 lakh)
  • Trade payables: ₹2,969.71 lakh (vs. ₹1,541.81 lakh)
  • Total assets: ₹6,976.83 lakh (vs. ₹4,901.22 lakh)
  • Property, Plant and Equipment: ₹1,581.51 lakh (vs. ₹1,227.87 lakh)
  • Inventories: ₹2,168.67 lakh (vs. ₹1,661.50 lakh)
  • Trade receivables: ₹1,923.07 lakh (vs. ₹1,299.01 lakh)
  • Cash and cash equivalents: ₹906.11 lakh (vs. ₹403.08 lakh)

Profit and Loss Statement:

  • Revenue from operations: ₹4,911.10 lakh (vs. ₹3,896.84 lakh in H1 FY26)
  • Total income: ₹4,911.81 lakh (vs. ₹3,896.92 lakh)
  • Total expenses: ₹4,591.08 lakh (vs. ₹3,638.88 lakh)
  • Profit before tax: ₹320.73 lakh (vs. ₹258.04 lakh)
  • Tax expense: ₹144.15 lakh (vs. ₹105.11 lakh)
  • Net profit: ₹176.58 lakh (vs. ₹152.94 lakh)
  • Basic and diluted EPS: ₹2.51 (vs. ₹2.96)
  • Debt equity ratio: 0.36 (vs. 0.89)
  • Debt service coverage ratio: 2.34 (vs. 0.59)
  • Interest service coverage ratio: 11.84 (vs. 8.08)

Cash Flow Statement:

  • Net cash from operating activities: ₹544.59 lakh (vs. negative in comparable period)
  • Net cash used in investing activities: ₹(394.33) lakh (primarily for purchase of property, plant and equipment)
  • Net cash from financing activities: ₹352.78 lakh (from issuing shares ₹99.40 lakh and borrowings ₹286.73 lakh)
  • Net increase in cash: ₹503.03 lakh

Consolidated Financial Performance (Including Subsidiary Impex Hi-Tech Rubber Private Limited)

Balance Sheet Position:

  • Total equity and liabilities: ₹7,259.30 lakh (vs. ₹5,223.33 lakh)
  • Shareholders' funds: ₹2,689.30 lakh (vs. ₹2,399.58 lakh)
  • Reserves and surplus: ₹1,986.86 lakh (vs. ₹1,697.14 lakh)
  • Long-term borrowings: ₹1,037.72 lakh (vs. ₹762.00 lakh)
  • Total assets: ₹7,259.30 lakh (vs. ₹5,223.33 lakh)
  • Property, Plant and Equipment: ₹1,715.04 lakh (vs. ₹1,366.42 lakh)
  • Inventories: ₹2,284.88 lakh (vs. ₹1,861.15 lakh)
  • Trade receivables: ₹1,983.63 lakh (vs. ₹1,307.09 lakh)
  • Cash and cash equivalents: ₹928.24 lakh (vs. ₹425.03 lakh)

Profit and Loss Statement:

  • Revenue from operations: ₹4,957.72 lakh (vs. ₹3,908.41 lakh)
  • Total income: ₹4,958.43 lakh (vs. ₹3,908.49 lakh)
  • Total expenses: ₹4,617.10 lakh (vs. ₹3,648.39 lakh)
  • Profit before tax: ₹341.33 lakh (vs. ₹260.10 lakh)
  • Tax expense: ₹150.34 lakh (vs. ₹109.47 lakh)
  • Net profit: ₹190.99 lakh (vs. ₹150.63 lakh)
  • Basic and diluted EPS: ₹2.72 (vs. ₹2.92)
  • Debt equity ratio: 0.44 (vs. 1.11)
  • Debt service coverage ratio: 2.19 (vs. 1.60)
  • Interest service coverage ratio: 11.18 (vs. 7.22)

Notes to Financial Results

1. The unaudited financial results were reviewed by the Audit Committee and approved by the Board on November 13, 2026.

2. The results were reviewed by statutory auditors under SEBI LODR Regulations.

3. Prepared in accordance with Accounting Standards prescribed under Companies Act, 2013.

4. EPS computed as per AS 20 and not annualized.

5. No reportable segments under AS-17.

6. Comparative figures for previous periods have been limited reviewed/unaudited.

7. Previous period figures regrouped/reclassified where necessary.

IPO Proceeds Utilization

  • IPO raised: ₹11.42 lakh (net of issue expenses) on January 14, 2026
  • No deviation/variation in use of funds as per prospectus objects
  • Original objects and utilization:
  • Capital expenditure (equipment/machineries): allocated ₹795.95 lakh, utilized ₹425.06 lakh
  • Capital expenditure (solar panels): allocated ₹173.25 lakh, utilized ₹0
  • General corporate purposes: allocated ₹173.70 lakh, utilized ₹173.70 lakh
  • The statement was reviewed by the Audit Committee and taken on record by the Board on November 13, 2026

All documents were signed by Vivek Aggarwal, Managing Director (DIN: 09249636), from Faridabad.