Key Financial Results for Quarter Ended September 30, 2026

Income Statement Highlights (₹ in lakh):

  • Revenue from Operations: ₹30.00 (primarily service charges)
  • 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 (compared to loss of ₹41.93 lakh in Q2 FY26)
  • Tax Expense: Nil (due to brought forward losses and unabsorbed depreciation)
  • Profit for the Period: ₹5.29 (compared to loss of ₹40.18 lakh in Q2 FY26)
  • Earnings Per Share: ₹0.02 (basic & diluted)

Half Year Performance (April-September 2026):

  • Total Income: ₹65.82 lakh
  • Profit Before Tax: ₹22.10 lakh (compared to loss of ₹34.90 lakh in H1 FY26)
  • Profit for the Period: ₹18.95 lakh (after tax expense of ₹3.15 lakh recorded in Q1)
  • EPS for Half Year: ₹0.07

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

  • Property, Plant and Equipment: ₹12.76 (increased from ₹6.45 as at March 31, 2026)
  • Capital Advances: ₹350.28 (new addition for land and BESS project)
  • Deferred Tax Assets: ₹150.96
  • Trade Receivables: ₹35.40
  • Cash and Cash Equivalents: ₹555.84
  • Total Assets: ₹1,118.55
  • Equity Share Capital: ₹1,329.09 (face value ₹5 each)
  • Other Equity: Negative ₹215.76
  • Total Equity: ₹1,113.32
  • Current Liabilities: ₹5.23

Cash Flow Statement for Half Year Ended September 30, 2026 (₹ in lakh):

  • Net Cash Used in Operating Activities: ₹(52.64)
  • Net Cash Used in Investing Activities: ₹(45.16)
  • Net Cash Used in Financing Activities: ₹(5.08)
  • Net Decrease in Cash: ₹(102.88)
  • Significant investing activities include capital advances of ₹350.28 lakh for land and plant & machinery (BESS project) and proceeds from sale/redemption of investments of ₹301.84 lakh

Land Acquisition Update

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

Policy Revisions

The Board approved and adopted various policies of the Company, including the Code of Conduct under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The revised policies are being uploaded to the company website (https://www.glittek.com/) as per Regulation 46 of SEBI LODR Regulations.

Auditor Information

R.R. Tibrewala & Co. (Firm Registration No. 112387W) conducted the limited review and issued an unmodified conclusion. The firm was appointed as Statutory Auditors at the 36th AGM held on September 22, 2026 for a five-year term, replacing predecessor auditor M/s GRV & PK.

Meeting Details

The Board meeting commenced at 4:55 PM IST and concluded at 8:10 PM IST on October 29, 2026.

Additional Notes

  • The financial results have been prepared in accordance with Ind AS 34 and SEBI LODR Regulations
  • The company operates in a single business segment
  • No exceptional or extraordinary items during the quarter
  • No current tax provision made due to available brought forward losses and unabsorbed depreciation
  • Previous period figures have been regrouped/reclassified for comparability