Financial Results Summary
Standalone Performance (Rs. in lacs)
Quarter Ended 30.09.2026:
- Revenue from operations: ₹819
- Other income: ₹0
- Total Revenue: ₹819
- Total Expenses: ₹840
- Loss before exceptional items and tax: ₹(21)
- Exceptional items: ₹0
- Loss before tax: ₹(21)
- Tax expense: ₹0
- Net loss after tax from continuing operations: ₹(21)
- Net loss before tax from discontinuing operations: ₹(191)
- Total Comprehensive Income: ₹(21)
Half Year Ended 30.09.2026:
- Revenue from operations: ₹1,617
- Other income: ₹0
- Total Revenue: ₹1,617
- Total Expenses: ₹1,603
- Profit before exceptional items and tax: ₹14
- Exceptional items: ₹0
- Profit before tax: ₹14
- Tax expense: ₹0
- Net profit after tax from continuing operations: ₹14
- Net loss before tax from discontinuing operations: ₹(23)
- Total Comprehensive Income: ₹14
Comparative Figures (Quarter Ended 30.06.2026):
- Revenue from operations: ₹798
- Net profit after tax from continuing operations: ₹35
Comparative Figures (Quarter Ended 30.09.2025):
- Revenue from operations: ₹207
- Net loss after tax from continuing operations: ₹(39)
Earnings Per Share (Standalone)
- Basic & Diluted EPS from continuing operations (Q2 FY27): ₹(0.18)
- Basic & Diluted EPS from continuing operations (H1 FY27): ₹0.12
Balance Sheet Position (Standalone as at 30.09.2026)
- Total Assets: ₹2,220 lacs
- Property, Plant and Equipment: ₹785 lacs
- Investments: ₹912 lacs
- Inventories: ₹93 lacs
- Trade Receivables: ₹127 lacs
- Cash and Cash equivalents: ₹12 lacs
- Equity Share Capital: ₹1,164 lacs
- Other Equity: ₹(2,601) lacs (negative)
- Borrowings (Non-current): ₹229 lacs
- Borrowings (Current): ₹1,654 lacs
- Trade Payables: ₹128 lacs
Cash Flow Statement (Standalone H1 FY27)
- Net cash used in operating activities: ₹(78) lacs
- Net cash used in financing activities: ₹(1) lac
- Net decrease in cash and cash equivalents: ₹(79) lacs
- Cash and cash equivalents at beginning: ₹91 lacs
- Cash and cash equivalents at end: ₹12 lacs
Key Operational Highlights
Discontinued Operations
- Cotton yarn manufacturing operations were discontinued during Q2 FY 2022-23
- Q2 FY27: Loss before tax of ₹191 lacs from discontinuing operations
- H1 FY27: Loss before tax of ₹23 lacs from discontinuing operations
Land Sale Update
- Pursuant to MOU with corporate buyer for sale of 25.71 acres of landed property
- 25.08 acres sold with full consideration received
- Balance 0.63 acres (Book value: ₹2.05 Cr) pending sale consideration of approximately ₹2.50 Crs
- Sale deed execution pending due to technical issues
- Company hopeful to resolve shortly
New Business Initiative
- Company now carries on Trading in cotton yarn
- Q2 FY27 revenue from trading: ₹8.19 Cr
- H1 FY27 revenue from trading: ₹15.50 Cr
- Planned increase in trading activity in ensuing period
- Financials prepared on going concern basis
Exceptional Items
- Q2 and H1 FY27: ₹13 Lakhs impairment in value of investment in associate concern
- Based on closing market value on stock exchange as of 30.09.2026
Audit and Compliance Details
- Board meeting held on 13.11.2026 (1:11 PM to 2:39 PM)
- Results reviewed by Audit Committee and approved by Board of Directors
- Statutory Auditors: M/s L.U.Krishnan & Co., Chartered Accountants - Chennai
- Limited Review conducted pursuant to SEBI LODR Regulation 33
- Unmodified opinion issued by auditors
Auditor's Emphasis on Going Concern
- Net worth of Company remains eroded
- Material uncertainty exists regarding going concern
- Auditors note that based on management explanations:
- Post sale of assets, debt free status
- Funds available for trading operations
- Revenue from cotton yarn trading rising quarter on quarter
- Conclusion not modified despite going concern uncertainty
Consolidated Results
- Includes share of net profit/loss from associate Patspin India Limited (46.21% stake)
- Consolidated Q2 FY27 net loss: ₹21 lacs
- Consolidated H1 FY27 net profit: ₹14 lacs
- Consolidated EPS from continuing operations (Q2 FY27): ₹(0.18)