Financial Results Approval

The Board considered and approved the Unaudited Standalone Financial Results for the quarter ended June 30, 2026. The financial statements were reviewed by M/s Sunil K. Gupta & Associates, Statutory Auditors of the Company, who issued a Limited Review Report.

Key Financial Performance (Rs. in Lakhs)

Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from Operations: ₹124.78
  • Other Income: ₹0.36
  • Total Income: ₹125.14
  • Total Expenses: ₹130.28
  • Loss Before Tax: ₹(5.14)
  • Tax Expenses: ₹0
  • Net Loss for the Quarter: ₹(5.14)
  • Basic EPS: ₹(0.11)
  • Diluted EPS: ₹(0.11)
  • Paid-up Equity Share Capital: ₹460.00 (Face value ₹10/-)

Comparative Performance:

  • Q1 FY26 (June 30, 2025): Net Profit of ₹11.32 lakh
  • Q4 FY26 (March 31, 2026): Net Loss of ₹134.14 lakh
  • FY26 (March 31, 2026): Net Loss of ₹98.27 lakh

Segmental Analysis (Q1 FY27)

Revenue Breakdown:

  • Polymers: ₹90.79
  • Other Products: ₹33.99
  • Others-Unallocated: ₹0.36

Segmental Results Before Tax & Interest:

  • Polymers: Loss of ₹4.29
  • Other Products: Profit of ₹5.29
  • Others-Unallocated: Loss of ₹6.15

Segmental Assets:

  • Polymers: ₹307.64
  • Other Products: ₹20.72
  • Others-Unallocated: ₹351.59
  • Total: ₹679.95

Segmental Liabilities:

  • Polymers: ₹29.65
  • Other Products: ₹11.70
  • Others-Unallocated: ₹28.10
  • Total: ₹69.45

Wholly-Owned Subsidiary Incorporation

The Board approved the incorporation of a wholly-owned subsidiary company to undertake business in IT hardware and software, cloud technology, data centers, digital infrastructure and allied activities. The subsidiary will facilitate focused development of these businesses.

Subsidiary Details:

  • Holding Company: Fruition Venture Limited
  • Country of Incorporation: India
  • Industry: Information Technology/Digital Infrastructure/Data Centre
  • Initial Paid-up Capital: ₹5,00,000
  • Shareholding: 100% by Fruition Venture Limited
  • Consideration: Cash subscription
  • Government Approvals: Subject to approval from Ministry of Corporate Affairs

Preferential Issue Fund Utilization

Fund Raising Details:

  • Mode: Preferential Issue of 25,00,000 Equity Convertible Warrants
  • Approved: Shareholders in AGM held on September 28, 2025
  • Warrant Allotment Date: January 12, 2026
  • Amount Received for Warrants: ₹1,25,00,000 (25% of issue price)
  • Equity Shares Allotted (warrant conversion): 6,00,000 shares on June 25, 2026
  • Amount Received for Equity Shares: ₹90,00,000 (75% of issue price)
  • Total Funds Utilized till June 30, 2026: ₹1,75,00,000
  • Objects: Business growth, capital expenditure, expansion plans, diversification, working capital requirements, and general corporate purposes