1. Audited Standalone Financial Results for Q2 FY27
The Board approved the Audited Standalone Financial Results for the quarter and half year ended September 30, 2026, along with the Interim Audit Report from N.S. Nanavati & Co., Chartered Accountants, which contained an unmodified opinion.
Key Financial Figures (₹ in Lakhs):
- Revenue from Operations: ₹285.13 (Quarter), ₹285.13 (Half Year)
- Other Income: ₹314.50 (Quarter), ₹314.56 (Half Year) - primarily from a loan waiver
- Total Revenue: ₹599.63 (Quarter), ₹599.69 (Half Year)
- Total Expenses: ₹158.28 (Quarter), ₹172.62 (Half Year)
- Profit Before Tax: ₹441.35 (Quarter), ₹427.06 (Half Year)
- Tax Expense: ₹104.11 (Quarter), ₹104.11 (Half Year)
- Profit for the Period: ₹337.24 (Quarter), ₹322.96 (Half Year)
- Earnings Per Share (Basic & Diluted): ₹67.45 (Quarter), ₹64.59 (Half Year)
Key Audit Matter: The audit highlighted a waiver of an unsecured loan amounting to ₹314.50 lakhs from the Managing Director, which was recognized as other income in the Statement of Profit and Loss. The auditor evaluated the terms, confirmations, and accounting treatment, concluding it was appropriate.
Balance Sheet Highlights as of September 30, 2026 (₹ in Lakhs):
- Total Assets: ₹349.20
- Equity Share Capital: ₹50.00
- Other Equity: ₹9.34
- Total Equity: ₹59.34
- Long-term Borrowings: ₹40.00
- Current Liabilities: ₹249.86
Cash Flow Statement for Half Year Ended September 30, 2026 (₹ in Lakhs):
- Net Cash Used in Operating Activities: (₹14.11)
- Net Cash from Investing Activities: ₹0.05
- Net Cash from Financing Activities: ₹20.39
- Net Increase in Cash & Equivalents: ₹6.34
- Cash & Equivalents at Period End: ₹9.63
2. Recommended Bonus Issue
The Board recommended issuing bonus equity shares in the proportion of 1:1 (one bonus share for every one existing share) to public shareholders (excluding Promoter and Promoter Group) to achieve compliance with minimum public shareholding requirements under rule 19A of the Securities Contracts (Regulation) Rules, 1957. This is subject to shareholder approval at an Extraordinary General Meeting (EGM).
Bonus Issue Details:
- Pre-bonus paid-up capital: ₹50,00,000 (5,00,000 equity shares of ₹10 each)
- Post-bonus paid-up capital: ₹57,50,000 (5,75,000 equity shares)
- Source of bonus: Capitalization of free reserves
- Free reserves available: ₹9.34 lakhs as of September 30, 2026
- Estimated credit/dispatch date: On or before December 13, 2026
3. Appointment of Tax Auditor
The Board approved the appointment of M/S J M Patel & Bros, Chartered Accountants, as Tax Auditor for the Financial Year 2026-27 to conduct the tax audit and furnish the Tax Audit Report.
Tax Auditor Profile:
- Name: Jaswant Bhai M Patel
- Registration No.: 107707W
- Constitution: Proprietary Firm
- Experience: Fellow member of ICAI with over 48 years of experience in statutory audit and income tax practices
4. Change in Registrar & Transfer Agent (RTA)
The Board approved changing the company's RTA from System Support Services to Bigshare Services Private Limited. System Support Services will continue until the completion of data transition, shifting of electronic connectivity, and receipt of necessary confirmations/approvals from NSDL, CDSL, and other authorities. The effective date will be communicated after formalities are completed.
5. Notice of Extraordinary General Meeting (EGM)
The Board approved notice calling an EGM on Friday, November 6, 2026, through video conferencing/audio-visual means to seek shareholder approval for the bonus issue.
6. Appointment of E-Voting Agency and Scrutinizer
- Appointed Bigshare Services Private Limited as Remote E-Voting Agency for the EGM.
- Appointed M/s. Dharti Patel & Associates, Practicing Company Secretaries, as Scrutinizer for the e-voting process.
The notice of EGM will be submitted to the Stock Exchange and E-voting Agency once emailed to eligible shareholders.
#Tags: #DhartiProteins #BonusIssue #Q2Results #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Positive