Board Meeting Details

The Board of Directors meeting was held on Wednesday, 11th November, 2026, through Video Conferencing. The meeting commenced at 04:15 PM and concluded at 05:00 PM.

Key Approvals

The Board considered and approved:

1. Un-Audited Standalone Financial Results for Q2 and H1 ended 30th September, 2026

2. Limited Review Report issued by Statutory Auditors M/s Ayyadevara & Co., Chartered Accountants

3. Statement of Deviation or Variation for preferential issue proceeds for quarter ended 30th September, 2026, confirming no deviation

Financial Results Highlights (Standalone, Rupees in Lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26)
  • Revenue from operations: ₹2,822.60 (vs ₹2,664.94 in Q2 FY26)
  • Other Income: -₹12.09 (vs ₹63.54 in Q2 FY26)
  • Total Revenue: ₹2,810.51 (vs ₹2,728.48 in Q2 FY26)
  • Total Expenses: ₹2,687.46 (vs ₹2,616.35 in Q2 FY26)
  • Profit before tax: ₹123.05 (vs ₹112.13 in Q2 FY26)
  • Tax expense: -₹27.33 (vs -₹12.06 in Q2 FY26)
  • Net profit: ₹95.72 (vs ₹100.07 in Q2 FY26)
  • Basic EPS: ₹0.94 (vs ₹1.33 in Q2 FY26)
  • Diluted EPS: ₹0.90 (vs ₹1.33 in Q2 FY26)
Half-Yearly Performance (H1 FY27 vs H1 FY26)
  • Revenue from operations: ₹5,618.32 (vs ₹5,046.07 in H1 FY26)
  • Other Income: ₹3.01 (vs ₹64.76 in H1 FY26)
  • Total Revenue: ₹5,621.33 (vs ₹5,110.83 in H1 FY26)
  • Total Expenses: ₹5,380.55 (vs ₹4,868.47 in H1 FY26)
  • Profit before tax: ₹240.78 (vs ₹242.36 in H1 FY26)
  • Tax expense: -₹34.15 (vs -₹38.23 in H1 FY26)
  • Net profit: ₹206.63 (vs ₹204.13 in H1 FY26)
  • Basic EPS: ₹2.04 (vs ₹2.71 in H1 FY26)
  • Diluted EPS: ₹2.00 (vs ₹2.71 in H1 FY26)

Expense Breakdown (Q2 FY27)

  • Cost of materials consumed: ₹1,880.99
  • Changes in inventories: ₹138.57
  • Employee benefits expense: ₹159.89
  • Depreciation & amortization: ₹60.78
  • Finance Costs: ₹83.93
  • Other Expenses: ₹363.30

Capital Structure

  • Paid-up equity share capital (face value ₹10 per share): ₹1,091.41 lakhs as of 30th September, 2026 (vs ₹1,012.74 lakhs as of 31st March, 2026)
  • Other Equity: ₹6,695.12 lakhs as of 30th September, 2026 (vs ₹6,042.04 lakhs as of 31st March, 2026)
  • Money Received against Share Warrants: ₹525.11 lakhs

Cash Flow Statement (H1 FY27)

  • Cash flow from operating activities: ₹389.93 lakhs
  • Cash flow from investing activities: -₹1,198.65 lakhs
  • Cash flow from financing activities: -₹308.75 lakhs
  • Net decrease in cash and cash equivalents: -₹1,117.47 lakhs
  • Cash and cash equivalents at period end: ₹333.46 lakhs (vs ₹1,450.93 lakhs at beginning)

Statement of Assets and Liabilities (30th September, 2026)

Assets
  • Non-current assets: ₹9,944.06 lakhs (Property, plant and equipment: ₹2,927.22 lakhs; Capital work-in-progress: ₹6,838.57 lakhs; Other financial assets: ₹179.26 lakhs)
  • Current assets: ₹9,830.89 lakhs (Inventories: ₹4,870.23 lakhs; Trade receivables: ₹3,845.27 lakhs; Cash and cash equivalents: ₹333.46 lakhs; Loans: ₹84.90 lakhs; Other current assets: ₹696.03 lakhs)
  • Total Assets: ₹19,774.95 lakhs
Liabilities and Equity
  • Equity: ₹8,311.64 lakhs (Equity share capital: ₹1,091.41 lakhs; Other Equity: ₹6,695.12 lakhs; Money Received against Share Warrants: ₹525.11 lakhs)
  • Non-current liabilities: ₹3,281.61 lakhs (Borrowings: ₹3,038.91 lakhs; Provisions: ₹69.56 lakhs; Deferred tax liabilities: ₹173.14 lakhs)
  • Current liabilities: ₹8,181.70 lakhs (Borrowings: ₹5,089.97 lakhs; Trade payables: ₹1,955.50 lakhs; Other current liabilities: ₹1,095.20 lakhs; Current tax liabilities: ₹41.03 lakhs)
  • Total Equity and Liabilities: ₹19,774.95 lakhs

Preferential Issue Utilization

The company raised ₹4,411.73 lakhs through preferential issue on 18th March, 2026. For the quarter ended 30th September, 2026:

  • No deviation or variation in use of funds
  • Funds utilized against original objects:
  • Capital Expenditure: ₹796.31 lakhs utilized (against ₹1,100.00 lakhs allocated)
  • Working Capital Requirement: ₹0.00 utilized (against ₹1,711.73 lakhs allocated)
  • Repayment of unsecured loans: ₹400.00 lakhs utilized (against ₹1,600.00 lakhs allocated)

Auditor Review

Statutory Auditors M/s Ayyadevara & Co. issued a limited review report stating that nothing has come to their attention that causes them to believe the financial results contain any material misstatement.