Corporate Action Impact

The financial results reflect the impact of a significant corporate action completed during the period. The company issued a 3:1 bonus share issue, with 1,84,86,000 fully paid-up bonus equity shares of ₹5 each allotted on June 11, 2026 (Record Date: June 10, 2026). This action increased the company's paid-up equity share capital from 61,62,000 equity shares to 2,46,48,000 equity shares of face value ₹5 each. In accordance with Ind AS 33, all comparative earnings per share (EPS) figures for prior periods have been retrospectively adjusted to reflect this bonus issue.

Financial Performance (Half Year Ended September 30, 2026)

Income Statement Highlights:

  • Revenue from operations: ₹1,627.43 lakhs
  • Other income: ₹0.19 lakhs
  • Total revenue: ₹1,627.62 lakhs
  • Total expenses: ₹1,624.75 lakhs
  • Profit before tax: ₹2.68 lakhs
  • Total tax expense: ₹0.69 lakhs (Current tax: ₹0.69 lakhs; Deferred tax: -₹0.02 lakhs)
  • Net profit for the period: ₹1.99 lakhs

Earnings Per Share (EPS):

  • Basic EPS (before extraordinary items): ₹0.01
  • Diluted EPS (before extraordinary items): ₹0.01
  • Basic EPS (after extraordinary items): ₹0.01
  • Diluted EPS (after extraordinary items): ₹0.01

Balance Sheet Position (as at September 30, 2026):

  • Total equity and liabilities: ₹1,767.84 lakhs
  • Shareholders' funds: ₹1,354.78 lakhs (Share capital: ₹1,232.40 lakhs; Reserves and surplus: ₹122.38 lakhs)
  • Non-current liabilities: ₹14.48 lakhs (Long-term borrowings)
  • Current liabilities: ₹398.58 lakhs (Trade payables: ₹394.67 lakhs; Other current liabilities: ₹3.22 lakhs; Short-term provisions: ₹0.69 lakhs)
  • Total assets: ₹1,767.84 lakhs
  • Current assets: ₹1,761.13 lakhs (Trade receivables: ₹416.46 lakhs; Cash and bank balance: ₹7.21 lakhs; Short-term loans and advances: ₹1,336.31 lakhs; Other current assets: ₹2.15 lakhs)
  • Non-current assets: ₹6.71 lakhs (Fixed assets: ₹0.59 lakhs; Deferred tax assets: ₹5.12 lakhs)

Cash Flow Statement (Half Year Ended September 30, 2026):

  • Net cash from operating activities: ₹0.15 lakhs
  • Net cash used in investing activities: ₹0.00 lakhs
  • Net cash used in financing activities: -₹3.88 lakhs (primarily interest paid)
  • Net decrease in cash and cash equivalents: -₹3.73 lakhs
  • Cash and cash equivalents at beginning of period: ₹10.94 lakhs
  • Cash and cash equivalents at end of period: ₹7.21 lakhs

Contingent Liability

The company has disclosed a significant contingent liability of ₹12,389.66 lakhs (₹123.90 crore) in respect of a GST order under dispute before the Hon'ble High Court.

Business Operations

The company is engaged in the business of imports and trading of waste paper and chemicals.

Auditor Review

The unaudited financial results were subjected to a limited review by the statutory auditors, M/s SASA & Associates, who issued an unmodified review report dated November 14, 2026. The auditors confirmed that based on their review, nothing has come to their attention that causes them to believe that the statement contains any material misstatement.

Comparative Figures

Previous period/year figures have been re-grouped or re-classified where considered necessary to conform to current period classification. All EPS figures for comparative periods have been adjusted for the 3:1 bonus issue.