Key Financial Figures - Standalone (Rs. in Lakhs except EPS)

Quarter Ended September 30, 2026:

  • Total Income: ₹75.91
  • Profit Before Tax: ₹18.53
  • Profit After Tax: ₹18.53
  • Basic EPS: ₹0.10
  • Diluted EPS: ₹0.10

Half Year Ended September 30, 2026:

  • Total Income: ₹129.50
  • Profit Before Tax: ₹20.23
  • Profit After Tax: ₹20.23
  • Basic EPS: ₹0.10
  • Diluted EPS: ₹0.10

Comparative Figures (Quarter Ended September 30, 2025):

  • Total Income: ₹151.70
  • Profit Before Tax: ₹179.43
  • Profit After Tax: ₹179.48
  • Basic EPS: ₹0.91
  • Diluted EPS: ₹0.91

Revenue Breakdown (Q2 FY26):

  • Net gain on fair value changes: ₹75.42
  • Sale of Shares: ₹0.50
  • Interest Income: ₹0.75
  • Other Income: ₹(0.75)

Capital Structure Impact

The Board confirmed the forfeiture of 2,700,000 unexercised convertible share warrants on August 14, 2026, due to non-exercise of conversion option within the statutory 18-month period. The upfront application money of ₹8,84,25,000 (₹32.75 per warrant) was forfeited and transferred to the Capital Reserve Account under Other Equity.

Subsidiary and Associate Information

The consolidated results include:

  • Whitewall India Private Limited (Subsidiary)
  • Sukartik Clothing Private Limited (Associate)

The subsidiary company underwent production machinery upgrades during H1 FY27, temporarily impacting output and resulting in nil operational results for the quarter. The Group's share of profit from the associate was ₹72.45 lakh for H1 FY27.

Consolidated Financial Highlights (Rs. in Lakhs)

Quarter Ended September 30, 2026:

  • Total Income: ₹75.91
  • Profit Before Tax: ₹124.28 (including ₹105.75 share of associate profit)
  • Profit After Tax: ₹124.28
  • Basic EPS: ₹0.63
  • Diluted EPS: ₹0.63

Half Year Ended September 30, 2026:

  • Total Income: ₹129.50
  • Profit Before Tax: ₹92.68 (including ₹72.45 share of associate profit)
  • Profit After Tax: ₹92.68
  • Basic EPS: ₹0.47
  • Diluted EPS: ₹0.47

Auditor's Qualifications

The statutory auditors (Sarda Soni Associates LLP) issued an unmodified review report but noted that some balances of Trade Receivables, Deposits, Loans and Advances, Advance received from customers and Trade payable are subject to confirmation and consequential reconciliation/adjustment.

Cash Flow Statement (Standalone H1 FY26)

  • Net Cash Used in Operating Activities: ₹(331.62)
  • Net Cash From Investing Activities: ₹0.58
  • Net Cash From Financing Activities: ₹331.60 (proceeds from long-term borrowings)
  • Net Increase in Cash: ₹0.55
  • Closing Cash Balance: ₹9.52 lakh

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

  • Total Assets: ₹4,217.69 lakh
  • Total Liabilities and Equity: ₹4,217.60 lakh
  • Key Assets: Loans (₹1,596.67 lakh), Investments (₹1,085.41 lakh), Other non-financial assets (₹562.36 lakh)
  • Equity Share Capital: ₹1,963.50 lakh
  • Other Equity: ₹1,806.81 lakh

Additional Notes

The company has only one operating segment. Deferred Tax Assets arising on losses in dealing in shares and securities have not been recognized due to uncertainty in generating future profits from such dealings.