Board Meeting Details

  • Meeting held on Friday, November 13, 2026 through video conferencing
  • Commenced at 12:30 PM and concluded at 12:45 PM
  • Approved unaudited standalone and consolidated financial results for Q2 and H1 ended September 30, 2026

Standalone Financial Results (Amount in ₹ lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Total Income: ₹0 (vs ₹0 in Q2 FY26)
  • Employee Benefits Expense: ₹4.10 (vs ₹3.98)
  • Depreciation: ₹1.56 (vs ₹1.17)
  • Other Expenses: ₹26.50 (vs ₹9.36)
  • Total Expenses: ₹32.15 (vs ₹14.50)
  • Loss Before Tax: ₹(32.15) (vs ₹(14.50))
  • Net Loss: ₹(32.15) (vs ₹(14.50))
  • Other Comprehensive Income: ₹0.70 (vs ₹0.90)
  • Total Comprehensive Income: ₹(31.45) (vs ₹(13.60))
  • Basic EPS: ₹(0.27) (vs ₹(0.12))
  • Diluted EPS: ₹(0.27) (vs ₹(0.12))

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Total Income: ₹0 (vs ₹0)
  • Employee Benefits Expense: ₹8.20 (vs ₹7.96)
  • Depreciation: ₹3.08 (vs ₹3.31)
  • Other Expenses: ₹38.82 (vs ₹20.61)
  • Total Expenses: ₹50.10 (vs ₹31.87)
  • Loss Before Tax: ₹(50.10) (vs ₹(31.87))
  • Net Loss: ₹(50.10) (vs ₹(31.87))
  • Other Comprehensive Income: ₹1.39 (vs ₹1.81)
  • Total Comprehensive Income: ₹(48.71) (vs ₹(30.06))
  • Basic EPS: ₹(0.42) (vs ₹(0.27))
  • Diluted EPS: ₹(0.42) (vs ₹(0.27))

Annual Comparison (FY26 Audited)

  • Net Loss for FY26: ₹(83.52)
  • Total Comprehensive Income for FY26: ₹(78.87)
  • Basic EPS for FY26: ₹(0.70)

Consolidated Financial Results (Amount in ₹ lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Total Income: ₹0 (vs ₹0)
  • Employee Benefits Expense: ₹4.11 (vs ₹3.98)
  • Depreciation: ₹1.55 (vs ₹1.47)
  • Other Expenses: ₹27.80 (vs ₹9.36)
  • Total Expenses: ₹33.45 (vs ₹14.50)
  • Loss Before Tax: ₹(33.45) (vs ₹(14.50))
  • Net Loss: ₹(33.45) (vs ₹(14.50))
  • Other Comprehensive Income: ₹0.70 (vs ₹0.90)
  • Total Comprehensive Income: ₹(32.75) (vs ₹(13.60))
  • Basic EPS: ₹(0.28) (vs ₹(0.12))
  • Diluted EPS: ₹(0.28) (vs ₹(0.12))

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Total Income: ₹0 (vs ₹0)
  • Employee Benefits Expense: ₹8.20 (vs ₹7.96)
  • Depreciation: ₹3.08 (vs ₹3.31)
  • Other Expenses: ₹41.42 (vs ₹20.61)
  • Total Expenses: ₹52.70 (vs ₹31.87)
  • Loss Before Tax: ₹(52.70) (vs ₹(31.87))
  • Net Loss: ₹(52.70) (vs ₹(31.87))
  • Other Comprehensive Income: ₹1.39 (vs ₹1.81)
  • Total Comprehensive Income: ₹(51.31) (vs ₹(30.06))
  • Basic EPS: ₹(0.44) (vs ₹(0.27))
  • Diluted EPS: ₹(0.44) (vs ₹(0.27))

Capital Structure

  • Paid-up Share Capital: ₹1,199.60 lakhs (unchanged across all periods)
  • Face Value per Share: ₹10
  • Standalone Reserves: ₹(235,342.46) as of March 31, 2026
  • Consolidated Reserves: ₹(261,640.18) as of March 31, 2026

Significant Operational Disclosures

  • The company is primarily engaged in "Trading of commodities" constituting a single reporting segment
  • Continued default in repayment of principal and interest on borrowings
  • Bank accounts declared as NPA (Non-Performing Asset)
  • No interest provided in books of accounts due to NPA status
  • Financial results prepared in accordance with Ind AS 34

Standalone Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹1,266.49 lakhs (vs ₹1,267.56 lakhs as of March 31, 2026)
  • Property, Plant and Equipment: ₹186.51 lakhs
  • Investment Property: ₹73.92 lakhs
  • Investments: ₹882.02 lakhs
  • Cash and Cash Equivalents: ₹4.24 lakhs
  • Current Tax Assets: ₹106.20 lakhs
  • Equity Share Capital: ₹1,199.60 lakhs
  • Other Equity: ₹(235,391.17) lakhs
  • Borrowings (Non-current): ₹2,087.19 lakhs
  • Trade Payables (Non-current): ₹2,942.38 lakhs
  • Borrowings (Current): ₹229,984.01 lakhs

Consolidated Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹52,481.60 lakhs
  • Property, Plant and Equipment: ₹790.70 lakhs
  • Other Intangible Assets: ₹48,969.16 lakhs
  • Cash and Cash Equivalents: ₹428.81 lakhs
  • Equity Share Capital: ₹1,199.60 lakhs
  • Other Equity: ₹(261,691.49) lakhs
  • Borrowings (Non-current): ₹6,020.71 lakhs
  • Borrowings (Current): ₹299,606.29 lakhs

Cash Flow Statements

Standalone Cash Flows (H1 FY27)

  • Net Cash from Operating Activities: ₹(49.36) lakhs
  • Net Cash from Investing Activities: ₹0
  • Net Cash from Financing Activities: ₹50.48 lakhs
  • Net Increase in Cash: ₹1.12 lakhs

Consolidated Cash Flows (H1 FY27)

  • Net Cash from Operating Activities: ₹(51.96) lakhs
  • Net Cash from Investing Activities: ₹0
  • Net Cash from Financing Activities: ₹53.08 lakhs
  • Net Increase in Cash: ₹1.12 lakhs

Auditor's Review Report

Standalone Financials (B.B. Chaudhry & Co.)

  • Qualified opinion due to material uncertainty regarding going concern
  • Company incurred net loss of ₹31.45 lakhs in Q2 FY27 and ₹48.71 lakhs in H1 FY27
  • Accumulated losses: ₹235,391.17 lakhs resulting in substantial erosion of net worth
  • Current liabilities exceed current assets as of September 30, 2026
  • Continued default in repayment of principal and interest on borrowings

Consolidated Financials (B.B. Chaudhry & Co.)

  • Qualified opinion due to material uncertainty regarding going concern
  • Group incurred net loss of ₹32.75 lakhs in Q2 FY27 and ₹51.31 lakhs in H1 FY27
  • Accumulated losses: ₹261,691.49 lakhs resulting in substantial erosion of net worth
  • Current liabilities exceed current assets as of September 30, 2026
  • Continued default in repayment of principal and interest on borrowings
  • Consolidated entities include Emmsons Gulf DMCC and Emmsons SA