Board Meeting Details

The Board of Directors meeting was held on Wednesday, 04th November, 2026 from 7:00 P.M. to 8:45 P.M. (IST).

Financial Results Overview

Standalone Financials (₹ in Lakhs):

Quarter Ended 30.09.2026:

  • Total Revenue: ₹303.06
  • Profit Before Tax: ₹177.76
  • Net Profit: ₹177.76
  • EPS: ₹1.12 (Basic & Diluted)

Half Year Ended 30.09.2026:

  • Total Revenue: ₹367.89
  • Profit Before Tax: ₹196.77
  • Net Profit: ₹196.77
  • EPS: ₹1.25 (Basic & Diluted)

Segment-wise Performance (Q2 FY27):

  • Real Estate Business: Revenue ₹10.00, Segment Results ₹0
  • Solar Business: Revenue ₹40.01, Segment Results ₹23.47
  • Pharmaceutical Business: Revenue ₹242.37, Segment Results ₹142.17
  • Hospitality Business: Revenue ₹0, Segment Results ₹0
  • Other Business: Revenue ₹20.67, Segment Results ₹12.13

Capital Structure

  • Paid-up Equity Share Capital: ₹1,582.00 lakh (Face value ₹10/- per share)
  • 1,58,20,000 fully paid-up equity shares outstanding

Significant Accounting Policies and Notes

1. Financial statements prepared in accordance with Indian Accounting Standards (Ind AS)

2. Company operates in four reportable segments: Real Estate, Solar & Energy, Pharmaceutical, and Hospitality

3. No dividend recommended for FY26

4. Figures for previous periods regrouped/reclassified for comparability

Capital Changes - Warrant Conversions

The disclosure details significant warrant conversion activity:

  • May 10, 2025: Board approved allotment of 2,35,35,491 Convertible Warrants at ₹11/- each
  • December 11, 2025: Converted 56,00,000 warrants to equity shares upon receipt of ₹4.62 crore
  • December 15, 2025: Converted 50,00,000 warrants to equity shares upon receipt of ₹4.125 crore
  • As of September 30, 2026: 1,29,35,491 warrants pending conversion (balance 75% consideration due within 18 months from allotment)
  • Share capital increased from ₹5.22 crore to ₹15.82 crore due to conversions

Investments and Subsidiaries

  • Investment in subsidiaries: ₹173.45 lakh (Emrock Energy Private Limited and Emrock Renewable Private Limited)
  • Investment in associate: ₹241.91 lakh (Emrock Signature Hospitality LLP)

Auditor's Emphasis of Matter

Statutory auditors Purushottam Khandelwal & Co. emphasized:

1. Inventory Valuation Risk: inherent risks in estimating TDR project costs and future selling prices, uncertainty regarding TDR eligibility under municipal regulations

2. Warrant Conversions: Details of preferential warrant allotment and pending conversions as described above

3. Subsidiary Financials: Consolidated results include unaudited financials of subsidiaries and associate which were not subjected to limited review

Consolidated Financial Highlights

As of 30.09.2026:

  • Total Assets: ₹48,74,78,512.16
  • Total Equity: ₹26,20,89,208.14
  • Total Liabilities: ₹22,53,89,304.02

Half Year Ended 30.09.2026:

  • Consolidated Net Profit: ₹197.52 lakh attributable to owners
  • Consolidated EPS: ₹1.25

Cash Flow Statements

Standalone Half Year Cash Flow:

  • Operating Activities: ₹257.42 lakh net cash generated
  • Investing Activities: ₹(1,012.97) lakh net cash used
  • Financing Activities: ₹707.00 lakh net cash generated