Board Meeting Details

The Board of Directors meeting was held on Thursday, 05th November, 2026 at 4:00 PM at the registered office of the company. The meeting commenced at 4:00 PM and concluded at 5:00 PM.

Financial Results Approval

The Board considered and approved the Unaudited Standalone Financial Results of the Company for the quarter and half-year ended 30th September, 2026.

Financial Performance Highlights

Quarterly Performance (Q2 FY26 ended 30.09.2026):

  • Revenue from Operations: ₹8.36 lakh
  • Total Revenue: ₹8.36 lakh
  • Total Expenses: ₹85.58 lakh
  • Loss before tax: ₹20.13 lakh
  • Net Loss for the quarter: ₹20.13 lakh
  • Basic and Diluted EPS: (₹0.10)

Half-Yearly Performance (H1 FY26 ended 30.09.2026):

  • Revenue from Operations: ₹294.03 lakh
  • Other Income: ₹9.21 lakh
  • Total Revenue: ₹294.95 lakh
  • Cost of Materials Consumed: ₹291.37 lakh
  • Employee Benefit Expenses: ₹4.86 lakh
  • Finance Costs: ₹1.86 lakh
  • Depreciation: ₹2.49 lakh
  • Other Expenditure: ₹52.33 lakh
  • Total Expenses: ₹297.52 lakh
  • Loss before tax: ₹25.72 lakh
  • Net Loss for the period: ₹25.72 lakh
  • Basic and Diluted EPS: (₹0.13)

Comparative Figures (H1 FY25 ended 30.09.2025):

  • Revenue from Operations: ₹233.25 lakh
  • Other Income: ₹10.06 lakh
  • Total Revenue: ₹234.26 lakh
  • Net Loss: ₹100.58 lakh
  • Basic and Diluted EPS: (₹0.49)

Full Year FY25 (ended 31.03.2026):

  • Revenue from Operations: ₹256.88 lakh
  • Other Income: ₹115.91 lakh
  • Total Revenue: ₹268.47 lakh
  • Net Profit: ₹34.47 lakh
  • Basic and Diluted EPS: ₹0.17

Balance Sheet Position (as at 30.09.2026)

  • Total Assets: ₹452.87 lakh
  • Non-Current Assets: ₹50.72 lakh
  • Property, Plant & Equipment: ₹7.63 lakh
  • Loans: ₹43.03 lakh
  • Deferred Tax Assets: ₹0.63 lakh
  • Current Assets: ₹402.15 lakh
  • Inventories: ₹4.50 lakh
  • Trade Receivables: ₹363.89 lakh
  • Cash and Cash Equivalents: ₹1.14 lakh
  • Other Current Assets: ₹32.63 lakh
  • Equity: ₹399.50 lakh
  • Share Capital: ₹204.67 lakh
  • Retained Earnings: (₹66.48 lakh)
  • Other Reserves: ₹261.31 lakh
  • Non-Current Liabilities: ₹16.47 lakh
  • Current Liabilities: ₹36.91 lakh
  • Borrowings: ₹32.17 lakh
  • Trade Payables: ₹0.86 lakh
  • Provisions: ₹2.50 lakh
  • Other Current Liabilities: ₹1.37 lakh

Cash Flow Statement (H1 FY26)

  • Net Cash from Operating Activities: (₹225.01 lakh)
  • Net Cash used in Investing Activities: (₹70.00 lakh)
  • Net Cash from Financing Activities: ₹0.00 lakh
  • Net Decrease in Cash: (₹318.25 lakh)
  • Cash at beginning of period: ₹329.61 lakh
  • Cash at end of period: ₹11.37 lakh

Accounting Policies and Notes

1. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS)

2. The company has only one reporting segment - interest income from finance

3. Figures of previous periods have been rearranged for comparison where necessary

4. Paid-up equity share capital: ₹204.67 lakh (Face value: ₹10 per share)

5. The financial results were reviewed by the Audit Committee and Board of Directors

Auditor's Review

Venkat and Rangaa LLP (Chartered Accountants, LLPIN: AAK-5672) issued a limited review report stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement. The review was conducted in accordance with SRE 2410 issued by ICAI.