EKI Energy Q2 Net Loss ₹588 Lakh Amid SEBI Penalty

Standalone Results (Amounts in ₹ lakhs):

Q2 FY27 Revenue from operations: ₹832.84 lakh (vs ₹3,435.42 lakh in Q2 FY26)
Q2 FY27 Total income: ₹1,181.40 lakh (vs ₹3,834.78 lakh in Q2 FY26)
Q2 FY27 Net loss: ₹(588.30) lakh (vs ₹(1.75) lakh in Q2 FY26)
H1 FY27 Net loss: ₹(4,532.48) lakh (vs ₹(2,119.78) lakh in H1 FY26)
Basic EPS: ₹(2.12) for Q2 FY27 (vs ₹(0.01) in Q2 FY26)

Consolidated Results (Amounts in ₹ lakhs):

Q2 FY27 Revenue from operations: ₹830.72 lakh (vs ₹3,505.69 lakh in Q2 FY26)
Q2 FY27 Total income: ₹1,158.00 lakh (vs ₹3,905.03 lakh in Q2 FY26)
Q2 FY27 Net loss: ₹(694.79) lakh (vs ₹(287.61) lakh in Q2 FY26)
H1 FY27 Net loss: ₹(2,287.61) lakh (vs ₹(416.06) lakh in H1 FY26)
Basic EPS: ₹(2.51) for Q2 FY27 (vs ₹(1.33) in Q2 FY26)

Standalone Segment Results (₹ lakhs):

Consolidated Segment Results (₹ lakhs):

SEBI Order Dated October 30, 2026:

Monetary penalty of ₹12 lakh imposed on company
Restraint from accessing securities market and dealing in securities for 2 months from order date
Order also imposes penalties and restrictions on Directors/KMP/certain individuals
Directed to recoup allegedly diverted funds from company
Management states it does not concur with findings and will file appeal with Securities Appellate Tribunal

Vitol Asia Bank Guarantee Invocation:

USD 10 million bank guarantee invoked by Vitol Asia Pte Ltd post-September 30, 2026
Following notice of termination dated November 4, 2026 alleging Event of Default
Company disputes alleged default and intends to pursue legal remedies including arbitration
Financial impact: Amount will be adjusted against corresponding contract liability with no P&L impact except foreign currency fluctuation of approximately ₹15 crores to be accounted in subsequent quarter

Board approved demerger scheme on February 10, 2025 between EKI Energy and EKI One Community Projects
Effective from January 1, 2025 or other date fixed by regulatory authority
NCLT order reserved for pronouncement on September 24, 2026 but not pronounced till date
Financial results prepared without considering effect of proposed demerger

Inventory includes Certified Emission Reductions (CERs) under CDM registry
Clean Development Mechanism being phased down per CMP 20 decision November 2025
CER issuance requests discontinued from June 30, 2026; all transactions cease December 31, 2026
Administrative cancellation of pending CERs without payment on July 1, 2027
Management conducting batch-wise assessment of CER holdings; no adjustment made to carrying value pending conclusion of assessments

Consolidated results include:

8 subsidiaries with total assets of ₹3,149.76 lakh as at September 30, 2026
1 associate (WOCE Solutions Private Limited) with share of net loss of ₹6.09 lakh for Q2 FY27