Board Meeting Details

The Board of Directors meeting commenced at 03:45 PM and concluded at 04:25 PM on 02nd November, 2026.

Key Business Transacted

1. Financial Results Approval

  • Approved Un-audited Financial Results for quarter and half year ended 30th September, 2026
  • Limited Review Report of Statutory Auditors received and enclosed

2. Director Reappointment

  • Reappointment of Ms. Pinki Dixit (DIN: 10469085) as Whole-time Director
  • Effective from January 20, 2027 for a period of three years
  • Includes payment of remuneration subject to necessary consents and approvals
  • Ms. Dixit will continue as 'Key Managerial Personnel'
  • Not debarred from holding director office by SEBI or any authority
  • Shareholder approval to be sought within prescribed timelines

Director Profile Details (Annexure A)

  • Ms. Pinki Dixit: Commerce Graduate from University of Delhi, currently pursuing MBA in Operations
  • Over 10 years professional experience in retail industry
  • Previously worked with Procter & Gamble as Merchandiser and Team Leader
  • Serving as Whole-time Director since 20th January, 2024
  • Not related to any Director of the Company

Financial Results for Quarter Ended September 30, 2026 (₹ in Lakhs)

Income Statement Highlights

Quarter Performance (Q2 FY27 vs Q2 FY26):

  • Revenue from operations: ₹1502.15 (vs ₹1062.12 in Q2 FY26)
  • Other Income: ₹0.18 (vs ₹0.29 in Q2 FY26)
  • Total Income: ₹1502.33 (vs ₹1062.41 in Q2 FY26)
  • Cost of materials consumed: ₹1327.17 (vs ₹906.70 in Q2 FY26)
  • Employee benefits expense: ₹94.69 (vs ₹47.98 in Q2 FY26)
  • Finance costs: ₹36.26 (vs ₹48.88 in Q2 FY26)
  • Depreciation: ₹40.49 (vs ₹32.97 in Q2 FY26)
  • Other expenses: ₹69.37 (vs ₹0.52 in Q2 FY26)
  • Loss before tax: ₹(65.66) (vs profit of ₹25.35 in Q2 FY26)
  • Net loss from continuing operations: ₹(65.66) (vs profit of ₹25.35 in Q2 FY26)
  • Net loss from discontinued operations: ₹(5.99) (vs loss of ₹(23.87) in Q2 FY26)
  • Total net loss: ₹(71.65) (vs profit of ₹1.49 in Q2 FY26)

Half Year Performance (H1 FY27 vs H1 FY26):

  • Revenue from operations: ₹2724.76 (vs ₹2122.88 in H1 FY26)
  • Total Income: ₹2725.21 (vs ₹2123.24 in H1 FY26)
  • Net loss from continuing operations: ₹(109.20) (vs profit of ₹111.88 in H1 FY26)
  • Net loss from discontinued operations: ₹(8.43) (vs loss of ₹(66.08) in H1 FY26)
  • Total net loss: ₹(117.64) (vs profit of ₹45.81 in H1 FY26)

Earnings Per Share (₹ per share of face value ₹10):

  • Continuing operations Basic: (0.13) (vs 0.05 in Q2 FY26)
  • Continuing operations Diluted: (0.13) (vs 0.05 in Q2 FY26)
  • Discontinued operations Basic: (0.01) (vs (0.05) in Q2 FY26)
  • Discontinued operations Diluted: (0.01) (vs (0.05) in Q2 FY26)
  • Total Basic: (0.14) (vs 0.00 in Q2 FY26)
  • Total Diluted: (0.14) (vs 0.00 in Q2 FY26)

Balance Sheet Position (as at September 30, 2026)

  • Paid-up Equity Share Capital: ₹4,977.77 lakh (unchanged)
  • Other Equity: Negative ₹(6,919.22) (vs negative ₹(6,801.58) as at March 31, 2026)
  • Total Equity: Negative ₹(1,941.45) (vs negative ₹(1,823.82) as at March 31, 2026)
  • Property, Plant and Equipment: ₹322.53 lakh (vs ₹304.49 lakh as at March 31, 2026)
  • Right to use asset: ₹757.32 lakh (vs ₹732.20 lakh as at March 31, 2026)
  • Inventories: ₹1,029.48 lakh (vs ₹696.43 lakh as at March 31, 2026)
  • Cash and cash equivalents: ₹9.46 lakh (vs ₹78.13 lakh as at March 31, 2026)
  • Current Borrowings: ₹1,391.81 lakh (vs ₹1,323.90 lakh as at March 31, 2026)
  • Trade Payables: ₹1,535.53 lakh (vs ₹1,233.12 lakh as at March 31, 2026)

Cash Flow Statement (H1 FY27)

  • Net cash outflow from operating activities: ₹(15.16) lakh
  • Net cash outflow from investing activities: ₹(50.94) lakh
  • Net cash outflow from financing activities: ₹(2.58) lakh
  • Net decrease in cash: ₹(68.67) lakh

Significant Notes to Financial Results

1. Going Concern Uncertainty

The entire networth has been eroded due to losses incurred in previous years, and current liabilities exceed current assets. This indicates material uncertainty regarding the company's ability to continue as a going concern. Management is committed to improving operational efficiency, boosting sales, reducing costs, and diversifying business activities. Financial statements have been prepared on a going concern basis.

2. Discontinued Operations

The company has shutdown commissary units at:

  • Bengaluru unit (closed October 12, 2022)
  • Mumbai unit (closed January 31, 2024)
  • Gurugram unit (closed September 30, 2024)

Profit/loss from commissary division shown as discontinued business operations. No fixed assets pertaining to discontinued operations remain in current period.

3. Contingent Liability

Contingent liability of ₹290.46 lakh relates to employees of closed Bengaluru Commissary, yet to be finalized. Company has made complete provision of ₹290.46 lakh for possible settlement. Some payments already made and appropriated in books.

4. Employee Benefits

Provision towards Gratuity and Leave encashment liability for period ended September 30, 2026 under Ind AS 19 not recognized as same is carried out annually.

5. Company Name Change

Company changed name from Galaxy Cloud Kitchens Limited to Galaxy Supermarket Limited effective 12th January, 2026.

6. Business Segment

Company has only one active business segment: "Dealing and Trading in Food, Beverages & Grocery products"

Auditor's Review Report

Yogesh Kansal & Company, Chartered Accountants issued limited review report with following qualifications:

  • Material uncertainty exists regarding going concern due to eroded net worth and current liabilities exceeding current assets
  • Company has discontinued commissary operations at Bangalore, Mumbai & Gurugram
  • Contingent liability of ₹290.46 lakh fully provided for based on ongoing negotiations
  • Company has not recognized provision towards gratuity and leave encashment liability for the period, required under Ind AS 19
  • Impact of unrecognized employee benefits on financial results has not been determined