Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year Ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 and 33 of SEBI LODR

Audit Opinion:

Clean opinion - Limited Review Report issued by M/s. J Mandal & Co. LLP, Chartered Accountants stated: "Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement."

Key Financial Highlights [Amounts in INR Lakhs]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹3,407.52 lakhs (Q2 FY26: ₹1,528.54 lakhs, +123.7% YoY)
  • Total Income: ₹3,420.58 lakhs
  • Net Profit: ₹152.73 lakhs (Q2 FY26: ₹54.70 lakhs, +108% YoY)
  • EPS: ₹3.00 (Q2 FY26: ₹1.07)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹5,710.84 lakhs (H1 FY26: ₹3,106.52 lakhs)
  • Total Income: ₹5,737.55 lakhs
  • Net Profit: ₹364.58 lakhs (H1 FY26: ₹119.12 lakhs)
  • EPS: ₹7.15

Balance Sheet Position as at September 30, 2026:

  • Equity Share Capital: ₹254.92 lakhs
  • Reserves excluding Revaluation Reserves: ₹36,251.00 lakhs
  • Total Equity: ₹38,900.22 lakhs
  • Cash and Cash Equivalents: ₹5.56 lakhs
  • Total Borrowings: ₹394.32 lakhs (Current) + ₹49.01 lakhs (Non-current) = ₹443.33 lakhs
  • Total Assets: ₹51,275.07 lakhs

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹3,407.52 lakhs
  • Share of Loss from Joint Venture: ₹(61.97) lakhs
  • Net Profit: ₹145.35 lakhs
  • EPS: ₹2.87

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹5,710.84 lakhs
  • Share of Loss from Joint Venture: ₹(122.14) lakhs
  • Net Profit: ₹352.32 lakhs
  • EPS: ₹6.91

Segment-wise Performance [Amounts in INR Lakhs]:

Manufacturing Segment (Lubricating Oils, Greases):

  • Q2 FY27 Revenue: ₹2,208.30 lakhs
  • Q2 FY27 Segment Profit: ₹166.20 lakhs

Trading Segment (Base Oil, Bitumen, RPO & Fuel Oil):

  • Q2 FY27 Revenue: ₹1,199.20 lakhs
  • Q2 FY27 Segment Profit: ₹44.20 lakhs

Corporate Actions:

  • Final dividend of ₹0.50 per equity share (10% of face value) for FY 2025-26 was recommended on July 24, 2026
  • Dividend was approved by shareholders at AGM on August 26, 2026
  • Dividend was paid in September 2026

Change/Elevation in Directors & Senior Management Personnel:

1. Mr. Arjun Verma (DIN: 10102249) elevated from Whole Time Director (Executive Director) to Managing Director effective October 27, 2026

2. Mr. Ayush Goel (DIN: 02889080) re-designated from Chairman & Managing Director to Chairman & Whole Time Director (Executive Chairman)

3. Mr. Dilip Vaswani (DIN: 01944741) conferred designation of Co-Chairman (Non-Executive, Non-Independent Director)

4. Mr. Jogesh Sharma elevated from Vice President Industrial Lubricants to Chief Operating Officer - Lubricants (COO-Lubricants)

5. Mr. Sunil Kumar Shetty elevated from Vice President - HR & Admin to Chief Human Resource Officer (CHRO) - HR & Administration

Other Significant Information:

  • Company has one joint venture: Amron Oil Resources Private Limited
  • Company's share of net loss in joint venture: ₹61.97 lakhs for quarter ended September 30, 2026
  • Promoter & Promoter Group shareholding: 37.05% (Non-encumbered)
  • Public shareholding: 62.95%