Key Board Approvals and Financial Results

1. Audited Standalone Financial Results for Q2 FY27:

  • Quarter ended September 30, 2026: Revenue from operations ₹285.13 lakhs, Other Income ₹314.50 lakhs (primarily from loan waiver), Total Revenue ₹599.63 lakhs
  • Profit before tax: ₹441.35 lakhs for the quarter
  • Tax expense: ₹104.11 lakhs (current tax)
  • Net profit for the quarter: ₹337.24 lakhs
  • EPS: Basic and Diluted ₹67.45 per share
  • Half-year ended September 30, 2026: Total Revenue ₹599.69 lakhs, Profit before tax ₹427.06 lakhs, Net profit ₹322.96 lakhs
  • EPS for half-year: Basic and Diluted ₹64.59 per share

Key Audit Matter:

  • Company received waiver of unsecured loan amounting to ₹314.50 lakhs from its Managing Director
  • Amount recognized as other income in Statement of Profit and Loss
  • Auditors issued unmodified opinion on the financial results

Balance Sheet Position as of September 30, 2026:

  • Total Assets: ₹349.20 lakhs
  • Current Assets: ₹302.65 lakhs (including Trade Receivables ₹285.13 lakhs, Cash & Bank Balances ₹9.63 lakhs)
  • Equity: ₹58.44 lakhs (Equity Share Capital ₹50.00 lakhs, Other Equity ₹9.34 lakhs)
  • Liabilities: ₹289.86 lakhs (Non-current Borrowings ₹40.00 lakhs, Trade and Other Payables ₹142.53 lakhs)

2. Bonus Issue Recommendation:

  • Recommended 1:1 bonus issue for public shareholders (excluding Promoter and Promoter Group)
  • Purpose: To achieve compliance with minimum public shareholding requirement under rule 19A of SCR Rules, 1957
  • Pre-bonus paid-up capital: ₹50.00 lakhs (5,00,000 equity shares of ₹10 each)
  • Post-bonus paid-up capital: ₹57.50 lakhs (5,75,000 equity shares of ₹10 each)
  • Free reserves available for capitalization: ₹9.34 lakhs as on September 30, 2026
  • Subject to approval of members at EGM scheduled for November 6, 2026
  • Estimated credit/dispatch date: On or before December 13, 2026

3. Tax Auditor Appointment:

  • Appointed M/S J M Patel & Bros, Chartered Accountants as Tax Auditor for FY 2026-27
  • Profile: Proprietary firm of CA Jaswant Bhai M Patel (Registration No.: 107707W), fellow member of ICAI with 48 years experience

4. Change of Registrar & Transfer Agent:

  • Changed from System Support Services to Bigshare Services Private Limited
  • Transition will occur after completion of data transition, electronic connectivity shifting, and necessary approvals from NSDL, CDSL
  • System Support Services will continue until transition formalities completed

5. Extraordinary General Meeting Arrangements:

  • EGM scheduled for November 6, 2026 through video conferencing
  • Appointed Bigshare Services Private Limited as Remote E-Voting Agency
  • Appointed M/s. Dharti Patel & Associates as Scrutinizer for e-voting process

Meeting Details

  • Board meeting commenced at 3:00 PM and concluded at 5:00 PM on October 13, 2026
  • Results reviewed by Audit Committee and approved by Board of Directors