Financial Performance Summary

Quarterly Performance (Q2 FY27)

  • Total Income: ₹1,078.65 lakh (Revenue from operations: ₹1,055.74 lakh, Other income: ₹22.91 lakh)
  • Total Expenses: ₹1,663.86 lakh
  • Loss before tax: ₹585.21 lakh
  • Net Loss: ₹585.21 lakh
  • EPS (Basic): ₹(2.22)

Half-Yearly Performance (H1 FY27)

  • Total Income: ₹2,201.01 lakh (Revenue from operations: ₹2,176.22 lakh, Other income: ₹24.79 lakh)
  • Total Expenses: ₹3,150.88 lakh
  • Loss before tax: ₹949.87 lakh
  • Net Loss: ₹949.87 lakh
  • EPS (Basic): ₹(3.60)

Comparative Figures

Q2 FY26: Net Loss ₹295.38 lakh, Revenue ₹492.89 lakh

H1 FY26: Net Loss ₹631.67 lakh, Revenue ₹663.76 lakh

FY26 Audited: Net Loss ₹1,007.50 lakh, Revenue ₹2,427.27 lakh

Segment-wise Performance (H1 FY27)

Eco Build (Particle Board)

  • Revenue: ₹1,659.76 lakh
  • Segment Loss: ₹955.74 lakh
  • Capital Employed: ₹130.33 lakh

Eco Energy (Bio System)

  • Revenue: ₹516.46 lakh
  • Segment Profit: ₹60.26 lakh
  • Capital Employed: ₹1,401.84 lakh

Cash Flow Statement (H1 FY27)

  • Net cash from operating activities: ₹(987.31) lakh
  • Net cash used in investing activities: ₹(45.82) lakh (Purchase of fixed assets)
  • Net cash from financing activities: ₹1,087.43 lakh
  • Net increase in cash: ₹54.30 lakh
  • Closing cash balance: ₹85.70 lakh

Corporate Actions and Updates

Name Change Proposal

The Board approved changing the company name from "Ecoboard Industries Limited" to "Ecoyou Limited" or "Ecoyou Energy Limited", subject to approval from the Registrar of Companies and other regulatory authorities.

Share Allotment

The company allotted 59,41,500 fully paid-up equity shares of ₹10 each on October 8, 2026, upon conversion of convertible warrants issued on March 26, 2025, at an issue price of ₹30 per share.

Operational Update

The Board approved temporary suspension of manufacturing operations at the Particle Board Division (Eco Build) for one year effective October 28, 2026, due to non-availability of raw material and non-viability of the project.

Significant Contingent Liabilities

Excise Duty Demands

  • CESTAT confirmed excise duty demands of ₹1,114.64 lakh (excluding interest and penalties) for years 2008-09 to 2017-18
  • Company's rectification application dismissed by CESTAT
  • Appeal admitted by Supreme Court of India

Income Tax Demands

  • AY 2017-18 & 2018-19: ₹510.44 lakh demand, appeal filed with ITAT, matter remanded to CIT(A)
  • AY 2023-24: ₹179.45 lakh demand, appeal filed with CIT(A)

Total Tax Demands: ₹1,804.53 lakh

No provisions made in books pending outcome of appeal proceedings.

Tax Position

Due to unabsorbed depreciation and accumulated taxable business losses, the company has no income-tax liability for the reporting periods.

Auditor's Review

Chaturvedi SK & Fellows LLP issued a limited review report with an unmodified conclusion but drew attention to Note 5 regarding the tax demands and contingent liabilities.

Board Meeting Details

  • Date: November 14, 2026
  • Time: Commenced at 1:47 PM, concluded at 2:15 PM
  • Mode: Video conferencing/Other Audio-Visual Means