Board Meeting Details

The meeting was held at the company's registered office in Mumbai, commencing at 4:00 PM and concluding at 4:30 PM. The board approved two key items: 1. The Un-Audited Standalone Financial Results for the quarter ended June 30, 2026. 2. The Limited Review Report for the same quarter, issued by the statutory auditors, M/s. A. Raghavendra Rao & Associates, Chartered Accountants.

Financial Results Overview (Amounts in ₹ Lakhs)

The company reported a significant improvement in financial performance for Q1 FY27 compared to previous periods.

Income Statement Highlights:

  • Total Income: Stood at ₹172.00 lakhs for Q1 FY27, a substantial increase from ₹91.77 lakhs in the immediate preceding quarter (Q4 FY26) and ₹35.89 lakhs in the corresponding quarter of the previous year (Q1 FY26).
  • Revenue from Operations: Constituted the entire income of ₹172.00 lakhs for Q1 FY27 (Q4 FY26: ₹91.77 lakhs; Q1 FY26: ₹35.89 lakhs).
  • Other Income: Was ₹0.00 lakhs for Q1 FY27 (Q4 FY26: ₹0.00 lakhs; Q1 FY26: ₹0.00 lakhs).
  • Total Expenses: Amounted to ₹54.72 lakhs for Q1 FY27, up from ₹38.46 lakhs in Q4 FY26 and ₹19.95 lakhs in Q1 FY26.
  • Breakdown of Expenses:
  • Employee Benefits Expenses: ₹11.54 lakhs
  • Finance Cost: ₹5.98 lakhs
  • Depreciation and amortisation expense: ₹0.43 lakhs
  • Other expenses: ₹36.77 lakhs
  • Cost of materials, purchases, inventory changes, and bad debts were all ₹0.00 lakhs.
  • Profit Before Tax (PBT): Was ₹117.28 lakhs for Q1 FY27, a major increase from ₹53.30 lakhs in Q4 FY26 and ₹15.95 lakhs in Q1 FY26.
  • Tax Expense: Total tax for the quarter was ₹29.57 lakhs, comprising Current Tax of ₹29.04 lakhs and Deferred Tax of ₹0.53 lakhs.
  • Net Profit for the period: Stood at ₹87.71 lakhs for Q1 FY27, compared to ₹38.67 lakhs in Q4 FY26 and ₹12.30 lakhs in Q1 FY26.
  • Earnings Per Share (EPS): Basic and Diluted EPS for the quarter were both ₹0.02, compared to ₹0.016 for Q1 FY26.

Capital Structure

  • Paid-up Equity Share Capital: Remained unchanged at ₹747.50 lakhs (Face Value of ₹1 per share) for Q1 FY27, Q4 FY26, and Q1 FY26. A note references a figure of ₹4683.50 lakhs for the current period, but this appears inconsistent with the consistent capital reported in the income statement notes and previous periods; the disclosed capital for results calculation is ₹747.50 lakhs.

Auditor's Review Report

The statutory auditors, A. Raghavendra Rao & Associates, issued a limited review report dated August 12, 2026, from Bengaluru. The report, signed by Partner CA G. Sathyanarayana (M.No: 205603, UDIN: 26205603LCKEPP9151), states that based on their review, nothing has come to their attention to believe the quarterly financial statements are not prepared in all material respects in accordance with Ind AS 34 and SEBI LODR Regulation 33. The report is restricted for use by the company's management only.

Additional Notes from Financial Statements

1. The financial results were reviewed by the Audit Committee and approved by the Board on August 12, 2026.

2. The statements are prepared in accordance with Ind AS.

3. The company operates in a single primary business segment, so segment reporting under Ind AS 108 is not applicable.

4. The quarterly results were subjected to a limited review by the statutory auditors as required by SEBI LODR Regulation 33.

5. Provision for taxes is made at the end of each quarter.

6. Previous period figures have been re-grouped/re-classified where necessary.