Board Meeting Details

The Board of Directors meeting was held on 05th November, 2026 from 06:30 PM to 07:00 PM. The Board approved and took on record:

  • Unaudited Financial Results (Standalone) for the Second Quarter and Half year ended on 30th September, 2026
  • Limited Review Report issued by M/s. S. Mandawat & Co., Statutory Auditors

Financial Performance Highlights (Standalone)

Quarter Ended September 30, 2026:

  • Net Sales/Revenue from Operations: ₹581.98 lakh
  • Total Income: ₹581.98 lakh
  • Total Expenses: ₹486.56 lakh
  • Profit Before Tax: ₹95.42 lakh
  • Total Tax Expenses: ₹22.89 lakh (Current Tax: ₹20.06 lakh, Deferred Tax: ₹2.83 lakh)
  • Net Profit for the Period: ₹72.53 lakh
  • Basic EPS: ₹0.05
  • Diluted EPS: ₹0.05

Half Year Ended September 30, 2026:

  • Net Sales/Revenue from Operations: ₹1,827.43 lakh
  • Total Income: ₹1,827.43 lakh
  • Total Expenses: ₹1,563.25 lakh
  • Profit Before Tax: ₹264.18 lakh
  • Total Tax Expenses: ₹66.49 lakh (Current Tax: ₹63.66 lakh, Deferred Tax: ₹2.83 lakh)
  • Net Profit for the Period: ₹197.69 lakh
  • Basic EPS: ₹0.13
  • Diluted EPS: ₹0.13

Comparative Performance

Quarterly Comparison (₹ in lakhs):

  • Q2 FY27: Revenue ₹581.98, Net Profit ₹72.53
  • Q1 FY27: Revenue ₹1,245.45, Net Profit ₹125.16
  • Q2 FY26: Revenue ₹157.63, Net Profit ₹6.75

Half Yearly Comparison (₹ in lakhs):

  • H1 FY27: Revenue ₹1,827.43, Net Profit ₹197.69
  • H1 FY26: Revenue ₹399.75, Net Profit ₹14.10
  • Full Year FY26: Revenue ₹3,632.04, Net Profit ₹181.41

Segment Performance

The company operates in two business segments: Trading and Solar Power Generation.

Quarter Ended September 30, 2026:

  • Trading Revenue: ₹482.17 lakh, Segment Profit: ₹26.59 lakh
  • Solar Power Generation Revenue: ₹99.81 lakh, Segment Profit: ₹97.89 lakh
  • Total Segment Profit Before Tax: ₹116.27 lakh

Half Year Ended September 30, 2026:

  • Trading Revenue: ₹1,727.62 lakh, Segment Profit: ₹195.35 lakh
  • Solar Power Generation Revenue: ₹99.81 lakh, Segment Profit: ₹97.89 lakh
  • Total Segment Profit Before Tax: ₹285.03 lakh

Capital Structure

  • Paid-up Equity Share Capital: ₹1,463.48 lakh (face value ₹1)
  • Reserves/Other Equity: (₹124.82) lakh
  • Total Equity: ₹1,338.66 lakh

Significant Developments

1. Share Sub-division: During the quarter, existing equity shares of face value ₹10 each were sub-divided into ten equity shares of ₹1 each. The entitlement date was 08th July, 2026. All EPS figures have been restated accordingly.

2. Capitalization of Solar Project: The Solar Power Generation Project plant held in capital work in progress (CWIP) has been capitalized as Property, Plant & Equipment during the quarter ended 30th September, 2026 as revenue generation commenced.

3. Proposed Capital Increase: Board resolved on 29th October, 2026 to increase authorized share capital from ₹15,00,00,000 to ₹17,63,48,000 (increase of ₹2,63,48,000) subject to shareholder approval.

4. Preferential Issue: Board resolved on 29th October, 2026 to raise funds by issuing 3,00,00,000 equity warrants aggregating up to ₹3,00,00,000 on preferential basis to non-promoter/public category, subject to regulatory and shareholder approvals.

Financial Position as of September 30, 2026

  • Total Assets: ₹2,899.01 lakh
  • Non-Current Assets: ₹2,002.40 lakh (including Property, Plant & Equipment: ₹1,570.48 lakh)
  • Current Assets: ₹896.61 lakh
  • Total Liabilities: ₹1,560.35 lakh
  • Current Liabilities: ₹1,557.52 lakh
  • Non-Current Liabilities: ₹2.83 lakh

Cash Flow Statement (H1 FY27)

  • Net Cash from Operating Activities: (₹58.28) lakh
  • Net Cash from Investing Activities: (₹4.74) lakh
  • Net Cash from Financing Activities: ₹0
  • Net Decrease in Cash: (₹63.02) lakh
  • Cash and Cash Equivalents at beginning: ₹67.82 lakh
  • Cash and Cash Equivalents at end: ₹4.80 lakh

Auditor's Emphasis of Matters

M/s. S. Mandawat & Co. highlighted in their limited review report:

1. Trade receivables of ₹574.16 lakh outstanding for more than one year with no provision for Expected Credit Loss (ECL)

2. Non-Current Financial Assets include loans & advances of ₹431.42 lakh without contra confirmations

3. Share sub-division and EPS computation

4. Proposed capital increase and preferential issue

5. Capitalization of solar power project

Management Response to Audit Qualifications

Management believes there is possibility of recovery of outstanding trade receivables and has made no provision for ECL. If any part becomes non-recoverable, the company may have to write off/make provision to that extent.

Tax Treatment

Tax includes current taxes and deferred tax applying the tax rate which the company has chosen to pay tax for the 5 immediately preceding financial years.