Board Meeting Details

The Board of Directors meeting was held on November 14, 2026, commencing at 6:00 PM and concluding at 9:15 PM. The board approved the unaudited standalone financial results.

Financial Results Summary (Quarter Ended September 30, 2026)

  • Revenue from operations: ₹34.01 lakh
  • Other income: ₹0.03 lakh
  • Total revenue: ₹34.04 lakh
  • Total expenses: ₹36.85 lakh
  • Cost of materials consumed: ₹23.72 lakh
  • Changes in inventories: ₹0.92 lakh
  • Employee benefits expense: ₹0.71 lakh
  • Finance costs: ₹1.41 lakh
  • Depreciation and amortization: ₹1.14 lakh
  • Other expenses: ₹8.94 lakh
  • Loss before tax: ₹2.81 lakh
  • Tax expense: Nil
  • Net loss for the quarter: ₹2.81 lakh
  • Basic and diluted earnings per share (₹5 each): (₹6.44) and (₹6.81) respectively

Financial Results Summary (Half Year Ended September 30, 2026)

  • Revenue from operations: ₹56.99 lakh
  • Other income: ₹0.13 lakh
  • Total revenue: ₹59.12 lakh
  • Total expenses: ₹64.88 lakh
  • Loss before tax: ₹5.46 lakh
  • Net loss for the half year: ₹5.46 lakh
  • Basic and diluted earnings per share (₹5 each): (₹13.26) respectively

Comparative Figures (Quarter Ended September 30, 2025)

  • Revenue from operations: ₹26.94 lakh
  • Other income: ₹4.85 lakh
  • Total revenue: ₹31.79 lakh
  • Profit before tax: ₹3.85 lakh
  • Net profit: ₹3.85 lakh
  • Basic and diluted EPS: ₹9.36

Balance Sheet Position (as of September 30, 2026)

  • Total assets: ₹1,484.68 lakh
  • Non-current assets: ₹1,021.74 lakh (Property, plant and equipment: ₹989.95 lakh)
  • Current assets: ₹462.94 lakh (Inventories: ₹211.27 lakh, Trade receivables: ₹123.80 lakh, Cash and cash equivalents: ₹35.70 lakh)
  • Total liabilities: ₹1,484.68 lakh
  • Non-current liabilities: ₹416.57 lakh (Borrowings: ₹414.09 lakh)
  • Current liabilities: ₹662.83 lakh (Borrowings: ₹491.87 lakh, Trade payables: ₹154.61 lakh, Other financial liabilities: ₹29.98 lakh)

Auditor Review

Nenawati & Associates, Chartered Accountants (Firm Registration No. 002148C), issued a limited review report dated November 14, 2026. The report states that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement. The review was conducted in accordance with SRE 2410 issued by ICAI.

Historical Context Note

The document references a corporate insolvency resolution process under IBC 2016 initiated on August 1, 2017, and approved by NCLT on July 31, 2018. The resolution plan involved extinguishment of shares, reduction in face value from ₹5 to ₹0.50 per share, and subsequent consolidation back to ₹5 per share face value, with corresponding effects to Insolvency and Bankruptcy Reserve.