Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
Audit Opinion:
Limited Review Report with emphasis of matter regarding material uncertainty related to going concern. The report is not modified but draws attention to Note 4 of the financial results.
Auditor’s Comment:
The auditor highlights a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern. This is due to current liabilities exceeding current assets by ₹1,971.80 lakhs and the discontinuation of operations at the company's sole manufacturing facility in Jamnagar effective March 31, 2025.
Key Financial Highlights [Amount in Rupees Lakhs]:
Standalone Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹992.66 (Q2 FY26: ₹1,413.99; QoQ: ₹745.79)
- Total Income: ₹993.21
- Net Profit: ₹135.66 (Q2 FY26: Loss of ₹174.29)
- EPS: ₹0.68 (Basic and Diluted for continuing and discontinued operations)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹1,738.45 (H1 FY26: ₹1,809.27)
- Total Income: ₹1,752.71
- Net Profit: ₹218.09 (H1 FY26: Loss of ₹78.24)
- EPS: ₹1.09 (Basic and Diluted for continuing and discontinued operations)
Financial Position as at September 30, 2026:
- Paid-up equity share capital: ₹2,000.00 (Face Value: ₹10 per share)
- Other Equity: (₹1,339.27) (March 31, 2026: (₹1,558.30))
- Cash and Cash Equivalents: ₹69.90 (March 31, 2026: ₹103.94)
- Debt:
- Non-Current Borrowings: ₹2,706.21
- Current Borrowings: ₹3,307.00
- Total Debt: ₹6,013.21
Consolidated Results:
Not Specified
Segment-wise Performance:
The company's business activity falls within a single Business Segment in terms of Ind AS 108. No segment-wise breakdown is provided.
Corporate Actions:
- Change of Registrar and Share Transfer Agent from MCS Share Transfer Agent Limited to MUFG Intime India Private Limited approved. The effective date will be informed in due course.
- No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced.
Other Significant Information:
- The company's Jamnagar manufacturing facility operations were discontinued effective March 31, 2025.
- Related assets have been classified as "Non-current assets held for sale" under Ind AS 105 with a carrying value of ₹5,318.53 lakhs.
- Management's plans to address going concern uncertainty include realization of non-core assets, cost optimization, strategic restructuring, and the proposed scheme of arrangement.
- The company reported a total comprehensive profit of ₹136.13 lakhs for the quarter ended September 30, 2026.