Board Meeting Details

The Board of Directors meeting was held on 30th October 2026 at the company's registered office. The meeting commenced at 11:45 AM and concluded at 1:30 PM. The board approved the unaudited financial results for the quarter and half year ended 30th September 2026, along with the limited review report from statutory auditors.

Financial Results Overview (₹ in Lacs)

Quarterly Performance (Q2 FY27 vs Q2 FY26 vs Q1 FY27)

  • Net Sales/Income from operations: ₹1,501.31 (Q2 FY27) vs ₹1,499.99 (Q2 FY26) vs ₹1,375.07 (Q1 FY27)
  • Other Income: ₹0.15 (Q2 FY27) vs ₹0.16 (Q2 FY26) vs ₹0.14 (Q1 FY27)
  • Total Operating Income: ₹1,501.46 (Q2 FY27) vs ₹1,500.15 (Q2 FY26) vs ₹1,375.21 (Q1 FY27)
  • Total Expenditure: ₹1,427.67 (Q2 FY27) vs ₹1,415.37 (Q2 FY26) vs ₹1,314.45 (Q1 FY27)
  • Profit before tax: ₹73.79 (Q2 FY27) vs ₹84.78 (Q2 FY26) vs ₹60.76 (Q1 FY27)
  • Profit for the period: ₹73.79 (Q2 FY27) vs ₹84.78 (Q2 FY26) vs ₹60.76 (Q1 FY27)
  • EPS (₹4 face value): ₹0.28 (Q2 FY27) vs ₹0.37 (Q2 FY26) vs ₹0.27 (Q1 FY27)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Net Sales/Income from operations: ₹2,876.38 (H1 FY27) vs ₹3,284.53 (H1 FY26)
  • Other Income: ₹0.29 (H1 FY27) vs ₹0.32 (H1 FY26)
  • Total Operating Income: ₹2,876.67 (H1 FY27) vs ₹3,284.85 (H1 FY26)
  • Total Expenditure: ₹2,742.12 (H1 FY27) vs ₹3,095.62 (H1 FY26)
  • Profit before tax: ₹134.55 (H1 FY27) vs ₹189.23 (H1 FY26)
  • Profit for the period: ₹134.55 (H1 FY27) vs ₹189.23 (H1 FY26)
  • EPS (₹4 face value): ₹0.52 (H1 FY27) vs ₹0.83 (H1 FY26)

Expenditure Breakdown (H1 FY27)

  • Cost of Materials consumed: ₹1,252.09
  • Changes in inventories: (₹252.40)
  • Employee benefits expense: ₹490.21
  • Finance costs: ₹183.75
  • Depreciation: ₹12.30
  • Other expenditure: ₹1,056.17

Balance Sheet Position (₹ in Lacs)

As at 30th September 2026 vs 31st March 2026

Total Assets: ₹8,649.41 vs ₹8,698.51

Non-Current Assets: ₹1,367.26 vs ₹1,363.37

  • Property, Plant and Equipment: ₹509.39 vs ₹519.13
  • Financial Assets - Investments: ₹10.25 vs ₹0.25
  • Loans & Advances: ₹78.64 vs ₹78.64
  • Trade Receivables: ₹684.82 vs ₹680.55
  • Other Non-Current Assets: ₹84.16 vs ₹84.80

Current Assets: ₹7,282.15 vs ₹7,335.14

  • Inventories: ₹5,251.11 vs ₹4,998.71
  • Trade Receivables: ₹1,019.25 vs ₹1,369.40
  • Cash and cash equivalents: ₹0.50 vs ₹1.47
  • Other bank balance: ₹236.75 vs ₹295.25
  • Loans: ₹774.54 vs ₹670.31

Equity and Liabilities

Equity: ₹5,713.42 vs ₹3,927.35

  • Equity Share Capital: ₹1,037.68 vs ₹911.85
  • Other Equity: ₹4,675.74 vs ₹2,465.00
  • Warrant Application Money: ₹0.00 vs ₹550.50

Non-Current Liabilities: ₹398.01 vs ₹391.17

  • Borrowings: ₹240.00 vs ₹27.95
  • Trade Payables: ₹152.17 vs ₹357.38
  • Deferred Tax Liabilities: ₹5.84 vs ₹5.84

Current Liabilities: ₹2,537.98 vs ₹4,379.98

  • Short-term borrowings: ₹1,927.42 vs ₹3,234.91
  • Trade Payables: ₹314.52 vs ₹724.78
  • Provisions: ₹296.04 vs ₹420.29

Cash Flow Statement (H1 FY27 vs H1 FY26) (₹ in Lacs)

Cash Flow from Operating Activities: (₹602.97) vs (₹336.88)

  • Net Profit before Tax: ₹134.55 vs ₹189.23
  • Depreciation: ₹12.30 vs ₹20.95
  • Working Capital Changes: Significant outflows primarily from inventory increase (₹252.40), reduction in trade payables (₹615.46 combined), and increase in loans & advances (₹104.23)

Cash Flow from Investing Activities: (₹12.56) vs (₹62.00)

  • Purchase of Fixed Assets: (₹2.56) vs (₹62.00)
  • Purchase of Investments: (₹10.00) vs ₹0.00

Cash Flow from Financing Activities: ₹556.06 vs ₹646.60

  • Short Term Borrowings: (₹1,307.49) vs ₹124.05
  • Proceeds from issue of Warrants/Shares: ₹1,651.50 vs ₹550.50
  • Proceeds from Long Term Loans: ₹212.05 vs (₹27.95)

Net Change in Cash: (₹59.47) vs ₹247.71

  • Cash & Cash Equivalents, beginning: ₹296.72 vs ₹304.94
  • Cash & Cash Equivalents, end: ₹237.25 vs ₹552.65

Related Party Transactions

For Six Months Ended September 2026

  • Managerial Remuneration to Mr. Hasanain S. Mewawala (Key Managerial Personnel): ₹15,00,000
  • Loans & Advances to Expo Project Engg. Services Pvt Ltd (Associate Concern): ₹90,502 (no change during period)

For Quarter Ended September 2026

  • Managerial Remuneration to Mr. Hasanain S. Mewawala (Key Managerial Personnel): ₹7,50,000
  • Loans & Advances to Expo Project Engg. Services Pvt Ltd (Associate Concern): ₹90,502 (no change during period)

Notes to Financial Results

1. Results prepared in accordance with Indian Accounting Standards (IND AS) and IND AS 34 Interim Financial Reporting.

2. Financial results are subject to limited review by auditors K. S. Shah & Co., Chartered Accountants (FRN: 109644W).

3. The company is principally engaged in metal fabrication and is managed as one entity.

4. Provision for income tax and deferred tax shall be made at year-end.

5. Previous year figures have been regrouped and rearranged where necessary.

6. Reconciliation from previous GAAP to IND AS shows no material differences for comparative periods.