Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results pursuant to Regulation 30 and 33 of SEBI (LODR) Regulations, 2015
Audit Opinion:
Limited Review Report - Clean opinion with an emphasis of matter regarding going concern.
Auditor’s Comment:
The auditor draws attention to Note 4, which indicates that as at June 30, 2026, the Company's current liabilities exceeded its current assets by ₹2,107.75 lakhs. Operations at the Company's sole manufacturing facility in Jamnagar were discontinued effective March 31, 2025, with related assets (carrying value: ₹5,318.53 lakhs) classified as "Non-current assets held for sale." These conditions indicate a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. The financial results have been prepared on a going concern basis based on management's plans.
Key Financial Highlights [Amount in ₹ Lakhs]
Standalone Results (Continuing and Discontinued Operations):
For the quarter ended June 30, 2026:
- Revenue from Operations: 745.79
- Other Income: 13.71
- Total Income: 759.50
- Total Expenses: 672.07
- Profit/(Loss) before Tax from Continuing Operations: 87.43
- Profit/(Loss) after Tax from Continuing Operations: 87.43
- Profit/(Loss) after Tax from Discontinued Operations: (5.00)
- Net Profit/(Loss) for the period: 82.43
- Other Comprehensive Income/(Loss) for the period: 0.48
- Total Comprehensive Income/(Loss) for the period: 82.91
- Paid-up equity share capital: 2,000.00 (Face Value: ₹10/- per share)
- Earnings per share (Basic & Diluted) - Continuing and Discontinued: ₹0.41
Comparison with previous periods:
- Net Profit improved significantly from a loss of (72.78) lakhs in the previous quarter (Q4 FY26) and a profit of 96.05 lakhs in the year-ago quarter (Q1 FY26).
- Revenue from Operations (₹745.79 lakhs) decreased from the previous quarter (₹820.58 lakhs) but increased significantly from the year-ago quarter (₹395.28 lakhs).
Other Equity:
As of March 31, 2026 (Audited), Other Equity was negative at (1,558.30) lakhs. The value for June 30, 2026, is not specified in the provided data.
Debt:
Finance Costs were nil for the current quarter, compared to ₹70.25 lakhs in the year-ago quarter, suggesting a significant reduction or elimination of debt.
Segment-wise Performance:
The company's business activity falls within a single Business Segment as per Ind AS 108. No segment-wise breakdown is provided.
Corporate Actions:
Not Specified
Other Significant Information:
- The financial results include both Continuing and Discontinued Operations.
- The figures for the quarter ended March 31, 2026, are balancing figures between audited annual figures and published year-to-date figures.