Standalone Financial Performance (in ₹ Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹54.18
  • Other income: ₹18.16
  • Total Income: ₹72.34
  • Total Expenses: ₹436.16
  • Profit Before Exceptional Items and Tax: ₹(362.82)
  • Exceptional Items: ₹319.12 (Profit on Sale of Excess Inventory)
  • Net Profit Before Tax: ₹2,945.72
  • Tax Expense: ₹822.32 (Tax for earlier years)
  • Net Profit for the period: ₹2,206.11
  • Basic EPS: ₹1.13
  • Diluted EPS: ₹1.13

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹82.94
  • Other income: ₹52.00
  • Total Income: ₹134.94
  • Total Expenses: ₹743.23
  • Profit Before Exceptional Items and Tax: ₹(608.29)
  • Exceptional Items: ₹3,191.10 (Profit on Sale of Excess Inventory)
  • Net Profit Before Tax: ₹2,582.81
  • Tax Expense: ₹822.32 (Tax for earlier years)
  • Net Profit for the period: ₹1,856.82
  • Basic EPS: ₹0.95
  • Diluted EPS: ₹0.95

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

  • Total Assets: ₹19,314.27
  • Non-Current Assets: ₹13,951.03
  • Current Assets: ₹5,363.24
  • Total Equity: ₹10,652.49
  • Total Liabilities: ₹8,661.78
  • Paid-up equity share capital: ₹1,955.48 (Face value ₹1 per share)

Cash Flow Statement (Standalone)

  • Net Cash Used in Operating Activities: ₹(3,156.00)
  • Net Cash from Investing Activities: ₹3,462.37
  • Net Cash Used in Financing Activities: ₹(289.13)
  • Net Increase in Cash: ₹17.24
  • Cash and Equivalents at End: ₹195.40

Operational Context

Plant operations have been shut down with effect from October 31, 2023, which has caused minimal revenue during the quarter/year. The company obtained shareholders' approval through postal ballot on July 10, 2025 for the proposed sale of certain plant and machinery, which have been classified as assets held for sale.

The company has issued a work order for the upgradation of its Private Railway Sidings and Goods Handling Terminal under the PM Gatishakti Policy. Phase I of the work under the said work order has commenced, and the management is actively pursuing the implementation of the project.

Consolidated Results Qualification

The statutory auditors were unable to express a conclusion on the consolidated financial results due to non-availability of financial results of the Group's foreign subsidiary for the quarter ended September 30, 2026. The total assets, total revenues, total profit/loss after tax and total comprehensive income of this foreign subsidiary for the quarter are not ascertainable.

The consolidated results include one subsidiary, FAL Power Ventures Pvt. Ltd. (formerly known as BEC Power Pvt. Ltd.), which reflected total assets of ₹47.95 lakhs as at September 30, 2026, total revenues of Nil for the quarter and half year, and total loss after tax of ₹(0.02) lakhs and ₹0.0003 lakhs for the quarter and half year respectively.