Board Meeting Details
The Board of Directors meeting was held on November 13, 2026, at 01:30 P.M. at 32-33, Sector-F, Sanwer Road, Industrial Area, Indore 452015 (M.P.). The meeting concluded at 2:00 P.M.
Key Board Approvals
1. Approved the Standalone unaudited quarterly and half yearly Financial Results of the Company along with Assets & Liabilities Statement, Cash Flow Statement and Limited Review Report for the quarter and half year ended 30th September, 2026 under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2. Reviewed and took note of the Certificate under Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 for the quarter and half year ended on 30th September, 2026.
Financial Results Summary (₹ in Lakhs)
Quarterly Performance Comparison
| Particulars | Q2 FY27 (30/09/26) | Q1 FY27 (30/06/26) | Q2 FY26 (30/09/25) |
| Revenue from operations | 607.90 | 517.04 | 862.02 |
| Other Income | (1.00) | 1.47 | 0.09 |
| Total Income | 606.90 | 518.51 | 862.11 |
| Total Expenses | 622.27 | 549.20 | 838.71 |
| Profit/(Loss) before tax | (15.37) | (30.69) | 23.40 |
| Tax Expense | 0.00 | 0.00 | 6.11 |
| Profit/(Loss) for the period | (15.37) | (30.69) | 17.29 |
| Basic EPS (₹) | (0.21) | (0.42) | 0.32 |
Half Yearly Performance Comparison
| Particulars | H1 FY27 (30/09/26) | H1 FY26 (30/09/25) | FY26 (31/03/26) |
| Revenue from operations | 1124.94 | 2027.17 | 3715.00 |
| Other Income | 0.47 | 0.17 | 43.22 |
| Total Income | 1125.41 | 2027.34 | 3758.22 |
| Total Expenses | 1171.47 | 1969.54 | 3663.75 |
| Profit/(Loss) before tax | (46.06) | 57.80 | 94.47 |
| Tax Expense | 0.00 | 15.07 | 29.15 |
| Profit/(Loss) for the period | (46.06) | 42.73 | 65.32 |
| Basic EPS (₹) | (0.64) | 0.80 | 1.18 |
Expense Breakdown (₹ in Lakhs) for Q2 FY27
- Cost of materials consumed: 0.19
- Changes in inventories: (18.27)
- Employee benefits expense: 123.88
- Finance Costs: 26.34
- Depreciation and amortization: 8.64
- Other expenses: 34.17
Assets and Liabilities Position (₹ in Lakhs)
As of September 30, 2026 (Unaudited)
Assets:
- Total Assets: 3156.78
- Non-Current Assets: 288.18
- Property plant & Equipment: 274.82
- Other financial assets: 6.27
- Other Non-Current Assets: 7.09
- Current Assets: 2868.60
- Inventories: 1335.79
- Trade receivables: 1387.04
- Cash and cash equivalents: 1.48
- Bank balances other than cash: 1.1
- Other Financial Assets: 3.57
- Other Current Assets: 139.60
Liabilities and Equity:
- Total Equity: 1354.54
- Equity Share Capital: 536.26
- Other Equity: 828.28
- Non-current Liabilities: 264.22
- Borrowings: 244.00
- Lease Liability: 2.86
- Provisions: 14.30
- Deferred Tax Liabilities: 3.06
- Current Liabilities: 1528.02
- Borrowings: 975.94
- Lease Liability: 0.28
- Trade Payables: 473.82
- Other Financial Liabilities: 81.81
- Other Current Liabilities: 35.02
- Current Tax Liabilities: 21.15
Cash Flow Statement (₹ in Lakhs)
For half year ended September 30, 2026:
- Cash Flow from Operating Activities: 111.27
- Cash Flow from Investing Activities: (17.23)
- Cash Flow from Financing Activities: (174.50)
- Net decrease in Cash: (70.46)
- Cash at beginning: 71.94
- Cash at end: 1.48