Board Meeting Details
The Board of Directors meeting was held on 12th November 2026 at the company's registered office, commencing at 01:00 PM and concluding at 02:00 PM.
Key Decisions and Approvals
1. Financial Results Approval: The Board considered and approved the Unaudited Financial Results for the second quarter and half year ended 30th September 2026. The results were reviewed by M/S Goyal Sanjay & Associates, Statutory Auditors of the Company.
2. Director Resignation: The Board approved and accepted the resignation of Mr. Yashul Goyal (DIN-08851633) as an Independent Director of the company with effect from 28th October 2026 due to personal reasons and pre-occupancy. Consequently, he ceased to be a member/chairman of various committees including the Stakeholders Relationship Committee.
Financial Performance Highlights (Unaudited)
Quarter Ended 30th September 2026 (Q2 FY27):
- Revenue from operations: ₹57.90 crore
- Total Income: ₹58.11 crore
- Profit before tax: ₹2.61 crore
- Current tax expense: ₹0.62 crore
- Profit for the quarter: ₹1.92 crore
- Basic EPS: ₹1.91
- Diluted EPS: ₹1.91
Half Year Ended 30th September 2026 (H1 FY27):
- Revenue from operations: ₹110.47 crore
- Total Income: ₹110.80 crore
- Profit before tax: ₹5.21 crore
- Current tax expense: ₹1.25 crore
- Profit for the period: ₹3.88 crore
- Basic EPS: ₹3.87
- Diluted EPS: ₹3.87
Financial Position as on 30th September 2026
- Total Assets: ₹90.92 crore (compared to ₹82.51 crore as on 31st March 2026)
- Total Equity: ₹42.77 crore (compared to ₹38.92 crore as on 31st March 2026)
- Equity Share Capital: ₹10.03 crore (unchanged)
- Other Equity: ₹32.74 crore (compared to ₹28.89 crore)
- Total Liabilities: ₹48.15 crore (compared to ₹43.59 crore)
Cash Flow Statement (Half Year Ended 30th September 2026)
- Net cash inflow from Operating Activities: ₹1.39 crore
- Net cash from Investing Activities: ₹(2.88) crore
- Net cash used in Financing Activities: ₹1.43 crore
- Net increase in cash and cash equivalents: ₹(0.07) crore
- Cash and cash equivalents at end of period: ₹8.43 crore
Additional Information
- The company operates in one business segment (tyres & tubes)
- The Board has recommended Nil dividend
- Figures are in ₹ lakhs (1 lakh = ₹100,000)
- Previous year figures have been regrouped/reclassified where necessary
- The financial results were prepared in accordance with Indian Accounting Standards (IND AS)
Auditor Review
Goyal Sanjay & Associates issued a limited review report confirming that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410.
Director Resignation Details
Mr. Yashul Goyal was appointed as Independent Director on 1st September 2020. His resignation takes effect from close of business hours on 12th November 2026. He confirmed there are no other material reasons for resignation beyond personal reasons and pre-occupancy stated in his resignation letter dated 28th October 2026.