The Board considered and approved the following items:
1. The Unaudited Standalone Financial Results of the Company for the quarter and half year ended September 30, 2026.
2. The Limited Review Reports issued by M/s Sunil K. Gupta & Associates, Statutory Auditors of the Company, on the Un-Audited Standalone Financial Results.
3. Disclosure of Statement on deviation or variation for proceeds of preferential issue (Warrant Allotment).
Financial Performance Highlights (Standalone, Unaudited)
Quarter Ended September 30, 2026 (Amount in ₹ Lakhs, except EPS)
- Total Income: ₹104.14 lakhs (Q2 FY26) vs ₹125.14 lakhs (Q1 FY26) vs ₹101.00 lakhs (Q2 FY25)
- Profit/(Loss) before tax: (₹6.58) lakhs (Q2 FY26) vs (₹5.14) lakhs (Q1 FY26) vs ₹2.54 lakhs (Q2 FY25)
- Net Profit/(Loss) for the period: (₹6.58) lakhs (Q2 FY26) vs (₹5.14) lakhs (Q1 FY26) vs ₹2.54 lakhs (Q2 FY25)
- Basic & Diluted EPS: (₹0.14) (Q2 FY26) vs (₹0.11) (Q1 FY26) vs ₹0.06 (Q2 FY25)
Half Year Ended September 30, 2026 (Amount in ₹ Lakhs, except EPS)
- Total Income: ₹229.28 lakhs (H1 FY26) vs ₹209.62 lakhs (H1 FY25)
- Profit/(Loss) before tax: (₹11.72) lakhs (H1 FY26) vs ₹13.85 lakhs (H1 FY25)
- Net Profit/(Loss) for the period: (₹11.72) lakhs (H1 FY26) vs ₹13.85 lakhs (H1 FY25)
- Basic & Diluted EPS: (₹0.27) (H1 FY26) vs ₹0.11 (H1 FY25)
Comparative Figures (Audited)
- Previous Year Ended March 31, 2026: Net Loss of ₹98.27 lakhs with EPS of (₹1.95)
Segment-wise Performance (Unaudited)
The company operates primarily in two segments: Polymers and Other Products.
Quarter Ended September 30, 2026
- Polymers Segment Revenue: ₹96.37 lakhs
- Other Products Revenue: ₹7.75 lakhs
- Polymers Segment Result (before tax & interest): (₹0.92) lakhs
- Other Products Segment Result (before tax & interest): (₹4.42) lakhs
Half Year Ended September 30, 2026
- Polymers Segment Revenue: ₹187.16 lakhs
- Other Products Revenue: ₹41.74 lakhs
Balance Sheet Position (Standalone, Unaudited)
As of September 30, 2026
- Total Assets: ₹691.51 lakhs
- Equity Share Capital: ₹460.00 lakhs (Face value ₹10/-)
- Reserves & Surplus: ₹143.93 lakhs
- Total Equity: ₹603.93 lakhs
- Total Liabilities: ₹87.58 lakhs
Cash Flow Statement (Unaudited)
Half Year Ended September 30, 2026
- Net Cash from Operating Activities: (₹38.32) lakhs
- Net Cash from Investing Activities: (₹25.57) lakhs
- Net Cash from Financing Activities: ₹62.01 lakhs
- Net Increase in Cash & Equivalents: (₹1.88) lakhs
- Closing Cash & Cash Equivalents: ₹10.17 lakhs
Preferential Issue of Warrants Disclosure
The company reported no deviation or variation in the utilization of proceeds from the preferential issue of warrants during the quarter ended September 30, 2026. The funds were raised through:
- Preferential Issue of 25,00,000 warrants (Equity Convertible Warrants) approved by shareholders in an EGM held on September 28, 2025.
- Warrants were allotted on January 12, 2026, upon receipt of 25% of the issue price (₹1,25,00,000).
- As of June 30, 2026, 6,00,000 equity shares were allotted pursuant to the conversion of warrants upon receipt of the remaining 75% of the issue price.
- No allotment or receipt of funds occurred during the quarter ended September 30, 2026.
The objects of the issue were to raise capital for funding business growth, capital expenditure, expansion plans, diversification, working capital requirements, and general corporate purposes.
Auditor's Review
M/s Sunil K. Gupta & Associates, Chartered Accountants, issued a limited review report stating that nothing has come to their attention causing them to believe that the accompanying Statement of Unaudited Standalone Financial Results contains any material misstatement.
Additional Information
- The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS).
- There were no investor complaints received during the year, and no complaints were pending at the end of the quarter.
- The results are available on the company's website (www.fruitionventure.com) and on the BSE website (www.bsemdia.com).
- There were no exceptional/extraordinary items during the period.