Board Meeting Details

The Board of Directors meeting was held on Friday, 14th August 2026, at 11:45 a.m. at the company's registered office in Secunderabad. The meeting concluded at 12:30 p.m.

Key Approvals

1. Un-audited Financial Results: Approved the un-audited financial results for the quarter ended June 30, 2026.

2. Limited Review Report: Approved the limited review report for the quarter ended June 30, 2026.

3. Warrant Conversion: Approved allotment of 7,86,690 equity shares upon conversion of an equal number of warrants to promoters category on preferential basis.

Warrant Conversion Details

  • Number of shares allotted: 7,86,690 equity shares
  • Issue price: ₹89 per share (including premium of ₹10 each)
  • Amount received: ₹5,25,11,557.5 (75% of issue price per warrant)
  • Allottees: Promoters category as per Annexure-A
  • Regulatory basis: SEBI (ICDR) Regulations, 2018

Capital Structure Impact

Post allotment of shares from warrant conversion:

  • Pre-conversion paid-up capital: ₹10,12,74,350 consisting of 1,01,27,435 equity shares of ₹10 each
  • Post-conversion paid-up capital: ₹10,91,41,250 consisting of 1,09,14,125 equity shares of ₹10 each
  • Capital increase: ₹78,66,900

Financial Results for Quarter Ended June 30, 2026 (Unaudited)

Income Statement (₹ in lakhs):

  • Revenue from operations: 2795.72
  • Other Income: 15.10
  • Total Revenue: 2810.82

Expenses (₹ in lakhs):

  • Cost of materials consumed: 2614.88
  • Changes in inventories: -634.45
  • Employee benefits expense: 147.68
  • Depreciation & amortization: 59.28
  • Finance Costs: 89.61
  • Other Expenses: 416.09
  • Total expenses: 2693.09

Profitability (₹ in lakhs):

  • Profit before exceptional items and tax: 117.73
  • Exceptional items: Nil
  • Profit before tax: 117.73
  • Tax expense: -6.82
  • Net Profit for the period: 110.91
  • Total Comprehensive Income: 110.91

Comparative Performance:

  • Revenue increased 17.4% YoY (from ₹2381.13 lakh in Q1 FY26)
  • Net profit increased 6.6% YoY (from ₹104.06 lakh in Q1 FY26)
  • EPS (Basic): ₹1.10 for current quarter

Capital Structure:

  • Paid-up equity share capital: ₹1012.74 lakh (face value ₹10 per share)
  • Other Equity: ₹6042.04 lakh (from audited balance sheet of previous year)

Limited Review Report

Ayyadevara & Co., Chartered Accountants (FRN: 002785) issued a limited review report stating that nothing came to their attention causing them to believe that the unaudited financial results contained any material misstatement. The review was conducted in accordance with SRE 2410 issued by ICAI.

Fund Utilization Statement

For preferential issue raised on March 18, 2026:

  • Amount raised: ₹4411.73 lakh
  • Objects of fund raising:
  • Capital expenditure for API manufacturing: ₹1100.00 lakh (₹763.27 lakh utilized)
  • Working capital requirement: ₹1711.73 lakh (₹0.00 utilized)
  • Repayment of unsecured loans to promoters/directors: ₹1600.00 lakh (₹0.00 utilized)
  • Deviation/Variation: No deviation or variation in use of funds
  • Monitoring agency: Not applicable
  • Audit committee comments: Nil
  • Auditor comments: Nil