Financial Results (Standalone)
Quarter Ended 30th September 2026 (Unaudited):
- Total Income: ₹142.90 lakh (Revenue from operations: ₹142.90 lakh, Other Income: ₹0)
- Total Expenses: ₹142.37 lakh
- Employee benefit expense: ₹1.56 lakh
- Finance costs: ₹0.01 lakh
- Depreciation and amortization expense: ₹0.80 lakh
- Other expenses: ₹140.00 lakh
- Profit before tax: ₹0.53 lakh
- Tax Expense: ₹0
- Profit after tax: ₹0.53 lakh
- Earnings per equity share (Face value ₹10): Basic ₹0.01, Diluted ₹0.01
Half Year Ended 30th September 2026 (Unaudited):
- Total Income: ₹142.90 lakh
- Total Expenses: ₹149.79 lakh
- Loss before tax: ₹6.89 lakh
- Tax Expense: ₹0
- Loss after tax: ₹6.89 lakh
- Earnings per equity share (Face value ₹10): Basic (₹0.19), Diluted (₹0.19)
Comparative Figures:
- Q2 FY26: Loss after tax of ₹4.12 lakh
- H1 FY25: Loss after tax of ₹15.57 lakh
- FY26 (Audited): Loss after tax of ₹49.83 lakh
Capital Structure
- Paid-up equity share capital (Face value ₹10 each): ₹686.59 lakh as at 30th September 2026 (increased from ₹346.59 lakh as at 31st March 2026)
- Reserves/Other Equity: Negative ₹361.44 lakh as at 30th September 2026 (negative ₹439.55 lakh as at 31st March 2026)
Assets and Liabilities (Standalone)
As at 30th September 2026:
- Total Assets: ₹475.80 lakh
- Non-current assets: ₹77.07 lakh
- Current assets: ₹398.73 lakh
- Inventories: ₹235.76 lakh
- Trade receivables: ₹50.83 lakh
- Cash and cash equivalents: ₹1.28 lakh
- Other financial assets: ₹110.54 lakh
- Other current assets: ₹0.32 lakh
- Total Equity and Liabilities: ₹475.80 lakh
- Equity: ₹325.15 lakh
- Non-current liabilities: ₹129.16 lakh
- Current liabilities: ₹21.49 lakh
Preferential Issue of Convertible Warrants
First Tranche (₹4.25 crore raised):
- Date of raising funds: 17-09-2026
- Amount raised: ₹2,76,25,000
- Objects: Working Capital Requirement (₹318.75 lakh), General Corporate Purpose (₹106.25 lakh)
- Utilization: Working Capital (₹207.19 lakh utilized, ₹0 unutilized), General Corporate Purpose (₹69.06 lakh utilized, ₹0 unutilized)
- No deviations/variations reported
Second Tranche:
- Date of raising funds: 25-09-2026
- Amount raised: ₹42,50,000
- Objects: Working Capital Requirement (₹318.75 lakh), General Corporate Purpose (₹106.25 lakh)
- Utilization: Working Capital (₹31.87 lakh utilized), General Corporate Purpose (₹9.54 lakh utilized, ₹1.09 lakh unutilized)
- No deviations/variations reported
Warrant Details:
- On 26th February 2026, company allotted 34,00,000 Convertible Equity Share Warrants on preferential basis to non-promoter allottees
- Issue price: ₹12.50 per warrant (Face value ₹10.00 + premium ₹2.50)
- Received 25% of total issue price (₹1,06,25,000) on 26th February 2026
- Received remaining 75% (₹3,18,75,000) during the quarter ended September 2026
- Warrants converted into 34,00,000 equity shares on 25th September 2026
- New shares rank pari passu with existing equity shares
Auditor's Review Report
- Statutory Auditor: M/s. V S S B & Associates, Chartered Accountants
- Review conducted in accordance with SRE 2410
- Qualified Opinion: Auditors were not provided with balance confirmation or details for trade receivables and trade payables, and are unable to confirm the balance and nature of transactions
- Except for the qualification, nothing came to attention that causes belief that financial results contain material misstatement
Compliance Statements
- Financial results prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI LODR Regulations
- Company operates in a single segment
- Results reviewed by Audit Committee and taken on record by Board of Directors on 17th October 2026
- No associates, subsidiaries, or joint ventures
- No deviations/variations in use of funds from preferential issue
- Audit Committee comments: None
- Auditor comments on fund utilization: None
Financial Impact
- Q2 FY27 shows profit turnaround from loss in previous year
- Significant increase in share capital due to warrant conversion
- Negative reserves position
- Working capital requirements funded through preferential issue proceeds