Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI Listing Regulations

Audit Opinion:

Qualified Conclusion - Statutory auditors (Deloitte Haskins & Sells) issued a qualified review report on both standalone and consolidated financial results due to disputed trade receivables of ₹19.61 crore where no provision has been recognized.

Key Financial Highlights [₹ in Lakhs]:

Consolidated Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹43,933.39
  • Total Income: ₹44,107.49
  • Net Profit: (₹2,506.82) loss [deterioration from profit of ₹1,181.79 in previous quarter]
  • EPS: (₹2.60) [deterioration from ₹1.23 in previous quarter]

Half Year ended September 30, 2026:

  • Revenue from Operations: ₹1,32,535.74
  • Total Income: ₹1,32,879.96
  • Net Profit: (₹1,325.03) loss [deterioration from profit of ₹64.53 in same period previous year]
  • EPS: (₹1.38)

Consolidated Assets as of September 30, 2026:

  • Total Assets: ₹2,34,265.75 lakhs
  • Total Equity: ₹94,789.16 lakhs
  • Cash and Cash Equivalents: ₹56.29 lakhs
  • Total Debt: Not specifically broken out but includes borrowings under financial liabilities

Standalone Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹43,409.55
  • Total Income: ₹43,777.41
  • Net Profit: (₹2,290.14) loss [deterioration from profit of ₹2,201.48 in previous quarter]
  • EPS: (₹2.38) [deterioration from ₹2.29 in previous quarter]

Half Year ended September 30, 2026:

  • Revenue from Operations: ₹1,31,883.39
  • Total Income: ₹1,32,605.71
  • Net Profit: (₹88.66) loss [deterioration from profit of ₹615.66 in same period previous year]
  • EPS: (₹0.09)

Standalone Assets as of September 30, 2026:

  • Total Assets: ₹2,29,321.48 lakhs
  • Total Equity: ₹97,940.31 lakhs
  • Cash and Cash Equivalents: ₹56.29 lakhs
  • Total Debt: Not specifically broken out but includes borrowings under financial liabilities

Segment-wise Performance:

The Group operates in one reportable business segment i.e., manufacturing of consumer durable products and is primarily operating in India, hence considered as single geographical segment. The Managing Director & CEO has been identified as the Chief Operating Decision Maker (CODM).

Corporate Actions:

1. Divestment of Joint Venture: The Board approved the sale of the entire 50% stake (2,21,26,000 equity shares) in Epavo Electricals Private Limited to joint venture partner Ram Ratna Wires Limited for a cash consideration of ₹15,00,14,280 (₹15 crore) at ₹6.78 per share. The transaction is expected to be completed by November 30, 2026.

2. Subsidiary Closure: The Board approved initiation of voluntary strike-off proceedings for two non-operational wholly owned subsidiaries:

  • Bumjin India Audio Products Private Limited
  • EPACK Electronic Component Private Limited

3. ESOP Exercise: During the quarter, the company issued 48,218 equity shares on exercise of ESOPs and received ₹73.29 lakhs from employees.

Other Significant Information:

1. Production Linked Incentive (PLI): No PLI income recognized in current period. Previously accrued PLI income of ₹3,242 lakhs was reversed in Q4 FY26 as the company couldn't achieve prescribed incremental sales threshold.

2. Rajasthan Investment Promotion Scheme (RIPS): The company recognized incentive income of ₹302.19 lakhs during H1 FY27 under RIPS 2024 and is awaiting portal activation for claim submissions.

3. Exceptional Item: The company recognized an impairment loss of ₹712.60 lakhs on its investment in Epavo during the quarter, treated as an exceptional item.

4. Seasonality Note: The business is seasonal in nature, making quarter-to-quarter comparisons less meaningful.