Board Meeting Details

The Board of Directors meeting was held on October 30, 2026, commencing at 4:00 PM and concluding at 4:30 PM.

Financial Results Summary

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹0.00 lakh (unchanged from previous quarters)
  • Other Income: ₹1.81 lakh (compared to ₹0.00 lakh in Q2 FY26)
  • Total Income: ₹1.81 lakh
  • Total Expenses: ₹12.08 lakh (primarily Employee benefits: ₹2.88 lakh, Other expenses: ₹9.20 lakh)
  • Loss Before Tax: ₹(10.27) lakh
  • Net Loss: ₹(10.27) lakh
  • Earnings Per Share (Basic): ₹(1.02)

Half-Year Performance (H1 FY27)

  • Revenue from Operations: ₹0.00 lakh
  • Other Income: ₹1.88 lakh
  • Total Income: ₹1.88 lakh
  • Total Expenses: ₹43.92 lakh
  • Loss Before Tax: ₹(42.04) lakh
  • Net Loss: ₹(42.04) lakh

Comparative Performance

  • Q2 FY26 showed exceptional item of ₹793.27 lakh, resulting in profit of ₹689.74 lakh
  • H1 FY25 showed exceptional item of ₹793.27 lakh, resulting in profit of ₹678.21 lakh
  • FY26 Audited results showed net profit of ₹618.31 lakh

Balance Sheet Position (as at September 30, 2026)

  • Total Assets: ₹407.34 lakh
  • Non-Current Assets: ₹51.20 lakh (Property, Plant and Equipment)
  • Current Assets: ₹356.14 lakh (Cash & cash equivalents: ₹315.01 lakh, Other current assets: ₹40.51 lakh, Other financial assets: ₹0.62 lakh)
  • Equity: ₹401.56 lakh (Equity share capital: ₹100.50 lakh, Other equity: ₹301.06 lakh)
  • Current Liabilities: ₹5.78 lakh

Cash Flow Statement (H1 FY27)

  • Net Cash from Operating Activities: ₹(83.21) lakh
  • Net Cash from Investing Activities: ₹(23.96) lakh
  • Net Decrease in Cash: ₹(107.17) lakh
  • Cash at Beginning: ₹422.18 lakh
  • Cash at End: ₹315.01 lakh

Corporate Governance Updates

Secretarial Auditor Resignation

  • Mr. Awashesh Dixit, Practicing Company Secretary (Membership No. F10860, COP No. 15398) resigned as Secretarial Auditor
  • Effective date: October 30, 2026
  • Reason cited: inability to continue as Secretarial Auditors
  • Disclosure made pursuant to Regulation 30 of SEBI LODR Regulations

CFO Appointment

  • Mrs. Shraddha Bhatt Dave appointed as Chief Financial Officer and Key Managerial Personnel
  • Effective date: October 30, 2026
  • Profile: Chartered Accountant with 15+ years experience in financial governance, accounting, audit assurance, regulatory compliance, internal control frameworks, statutory audits, GST and tax compliance, and cross-border financial reporting under Indian and US GAAP

Auditor Review

  • B.C. Jain & CO Chartered Accountants (FRN: 001099C) issued limited review report
  • CA Shyam Ji Gupta (M No. 416155) signed the review
  • Review conducted under SRE 2410 standards
  • No material misstatements found in the financial results
  • Financial results prepared in accordance with Ind AS 34

Capital Structure

  • Paid-up equity share capital: ₹100.50 lakh
  • Face value: ₹10 per share
  • No change in share capital during the period