Board Meeting Details

The Board of Directors meeting was held on October 29, 2026, commencing at 4:55 PM IST and concluding at 8:10 PM IST.

Key Decisions and Approvals

1. Financial Results Approval

The Board approved the Unaudited Financial Results for the quarter and half year ended September 30, 2026, together with the Limited Review Report issued by the Statutory Auditor. The results were recommended by the Audit Committee and will be published in newspapers as per Regulation 47 of SEBI LODR Regulations.

2. Policy Revisions

The Board approved and adopted various policies of the Company, including the Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015. The revised policies are being uploaded on the company website as per Regulation 46.

3. Land Acquisition Update

The Board noted the recent acquisition of a non-agricultural land parcel admeasuring 23,780 Sq. Mtrs. (2-37-80 H-A-Sq. Mtrs.) at Village Ajupura, Taluka Thasra, District Kheda, Gujarat. The acquisition was made for ₹6.50 crore, exclusive of stamp duty, registration and incidental charges, and is required for the company's current business plans. This follows the intimation dated August 12, 2026 regarding the proposed acquisition.

Financial Results Summary (₹ in Lakh)

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹30.00
  • Other Income: ₹2.72
  • Total Income: ₹32.72
  • Employee Benefits Expense: ₹4.64
  • Finance Costs: ₹5.08
  • Other Expenses: ₹17.64
  • Total Expenses: ₹27.44
  • Profit before tax: ₹5.29
  • Profit for the period: ₹5.29
  • EPS (Basic & Diluted): ₹0.02

Half-Yearly Performance (H1 FY27)

  • Revenue from Operations: ₹30.00
  • Other Income: ₹35.82
  • Total Income: ₹65.82
  • Employee Benefits Expense: ₹12.99
  • Finance Costs: ₹5.08
  • Other Expenses: ₹25.58
  • Total Expenses: ₹43.72
  • Profit before tax: ₹22.10
  • Profit for the period: ₹18.95
  • EPS (Basic & Diluted): ₹0.07

Comparative Performance

  • Q2 FY26: Net Loss of ₹40.18 lakh
  • H1 FY26: Net Loss of ₹34.90 lakh
  • FY26: Net Loss of ₹39.45 lakh

Balance Sheet Position (as at September 30, 2026)

  • Paid-up Equity Share Capital: ₹1,329.09 lakh
  • Other Equity: (₹215.76) lakh
  • Total Equity: ₹1,113.32 lakh
  • Total Assets: ₹1,118.55 lakh

Asset Composition

  • Non-current Assets: ₹517.85 lakh
  • Property, Plant and Equipment: ₹12.76 lakh
  • Financial Assets (security deposits): ₹3.86 lakh
  • Deferred Tax Assets: ₹150.96 lakh
  • Other Non-current Assets (capital advances): ₹350.28 lakh
  • Current Assets: ₹600.70 lakh
  • Trade Receivables: ₹35.40 lakh
  • Cash and Cash Equivalents: ₹555.84 lakh
  • Current Tax Assets: ₹3.60 lakh
  • Other Current Assets: ₹6.26 lakh

Cash Flow Statement (H1 FY27)

  • Net Cash from Operating Activities: (₹52.64) lakh
  • Net Cash from Investing Activities: (₹45.16) lakh
  • Net Cash from Financing Activities: (₹5.08) lakh
  • Net Decrease in Cash: (₹102.88) lakh
  • Cash at Beginning: ₹658.73 lakh
  • Cash at End: ₹555.84 lakh

Notes to Financial Results

  • Revenue from operations comprises service charges of ₹30.00 lakh
  • Other income includes profit of ₹29.36 lakh on redemption of investments in mutual funds
  • No current tax provision made for Q2 FY27 due to brought forward losses and unabsorbed depreciation
  • Tax expense of ₹3.15 lakh was provided in Q1 FY26
  • No exceptional/extraordinary items during the period
  • EPS figures are not annualized for quarters/half years
  • Previous period figures have been regrouped/reclassified for comparability