Board Meeting Details

The Board of Directors meeting was held on 30th October 2026 through video conferencing, commencing at 11:45 AM and concluding at 1:30 PM. The meeting approved the unaudited financial results for the quarter and half year ended 30th September 2026 along with the limited review report of statutory auditors.

Financial Results Summary (Quarter Ended 30th September 2026)

  • Net Sales/Income from operations: ₹1,501.31 lacs (compared to ₹1,499.99 lacs in Q2 FY26)
  • Other Income: ₹0.15 lacs
  • Total Operating Income: ₹1,501.46 lacs
  • Total Expenditure: ₹1,427.67 lacs
  • Cost of Materials consumed: ₹638.43 lacs
  • Changes in inventories: ₹(121.80) lacs
  • Employee benefits expense: ₹277.95 lacs
  • Finance costs: ₹86.49 lacs
  • Depreciation: ₹5.80 lacs
  • Other expenditure: ₹540.80 lacs
  • Profit before tax: ₹73.79 lacs (compared to ₹84.78 lacs in Q2 FY26)
  • Tax Expense: No tax provision made for the quarter (to be made at year-end)
  • Profit for the quarter: ₹73.79 lacs
  • Earnings Per Share (EPS): ₹0.28 (basic and diluted)

Financial Results Summary (Half Year Ended 30th September 2026)

  • Net Sales/Income from operations: ₹2,876.38 lacs (compared to ₹3,284.53 lacs in H1 FY26)
  • Other Income: ₹0.29 lacs
  • Total Operating Income: ₹2,876.67 lacs
  • Total Expenditure: ₹2,742.12 lacs
  • Profit before tax: ₹134.55 lacs (compared to ₹189.23 lacs in H1 FY26)
  • Profit for the half year: ₹134.55 lacs
  • Earnings Per Share (EPS): ₹0.52 (basic and diluted)

Balance Sheet Position (as at 30th September 2026)

  • Total Assets: ₹8,649.41 lacs (compared to ₹8,698.51 lacs as at 31st March 2026)
  • Non-Current Assets: ₹1,367.26 lacs
  • Property, Plant and equipment: ₹509.39 lacs
  • Investments: ₹10.25 lacs
  • Loans & Advances: ₹78.64 lacs
  • Trade Receivables: ₹684.82 lacs
  • Other Non-Current Assets: ₹84.16 lacs
  • Current Assets: ₹7,282.15 lacs
  • Inventories: ₹5,251.11 lacs
  • Trade Receivables: ₹1,019.25 lacs
  • Cash and cash equivalents: ₹0.50 lacs
  • Other bank balance: ₹236.75 lacs
  • Loans: ₹774.54 lacs
  • Equity: ₹5,713.42 lacs
  • Equity Share Capital: ₹1,037.68 lacs (increased from ₹911.85 lacs)
  • Other Equity: ₹4,675.74 lacs
  • Warrant Application Money: Not specified in current period
  • Non-Current Liabilities: ₹398.01 lacs
  • Current Liabilities: ₹2,537.98 lacs

Cash Flow Statement (Half Year Ended 30th September 2026)

  • Net Cash from Operating Activities: ₹(602.97) lacs (negative)
  • Net Cash used in Investing Activities: ₹(12.56) lacs
  • Net Cash from Financing Activities: ₹556.06 lacs
  • Short Term Borrowings: ₹(1,307.49) lacs
  • Proceeds from issue of Warrants/Shares: ₹1,651.50 lacs
  • Proceeds from Long Term Loans: ₹212.05 lacs
  • Net decrease in cash & cash equivalents: ₹(59.47) lacs
  • Cash & cash equivalents, end of period: ₹237.25 lacs

Related Party Transactions

For Six Months Ended September 2026:

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

For Quarter Ended September 2026:

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

Additional Notes

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

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

3. Company principally engaged in metal fabrication business

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

5. Figures of previous years regrouped and rearranged wherever necessary

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