Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended 30th September, 2026
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations
Audit Opinion:
Limited Review Report issued by Lodha & Co. LLP - No modifications or qualifications. The auditors stated: "nothing has come to our attention that causes us to believe that the accompanying statement... contains any material misstatement."
Key Financial Highlights [Rs. in Lakhs]:
Standalone Results:
Quarter ended 30th September, 2026:
- Revenue from Operations: ₹3,420 (Q2 FY26: ₹1,417; Q1 FY27: ₹2,005)
- Total Income: ₹3,446
- Net Profit: ₹24,257 (including exceptional item)
- EPS: ₹164.24 (Basic and Diluted)
Half Year ended 30th September, 2026:
- Revenue from Operations: ₹5,425 (H1 FY26: ₹2,879)
- Total Income: ₹5,451
- Net Profit: ₹25,125 (H1 FY26: ₹1,274)
- EPS: ₹170.12 (Basic and Diluted)
Exceptional Item: ₹27,677 lakhs profit recognized on sale of Friction Business Undertaking
Financial Position as at 30th September, 2026:
- Paid-up Equity Share Capital: ₹738 lakhs (Face Value ₹5 per share)
- Other Equity: ₹140,285 lakhs
- Cash and Cash Equivalents: ₹15 lakhs
- Bank Balances (other than cash): ₹310 lakhs
- Investments in overnight mutual funds: ₹21,536 lakhs included in cash equivalents
- Total Assets: ₹150,191 lakhs
- Total Liabilities: ₹4,149 lakhs
Consolidated Results:
Quarter ended 30th September, 2026:
- Revenue from Operations: ₹3,420
- Total Income: ₹3,446
- Net Profit: ₹24,257
- EPS: ₹164.24 (Basic and Diluted)
Half Year ended 30th September, 2026:
- Revenue from Operations: ₹5,425
- Total Income: ₹5,451
- Net Profit: ₹25,125
- EPS: ₹170.12 (Basic and Diluted)
Financial Position as at 30th September, 2026:
- Paid-up Equity Share Capital: ₹738 lakhs
- Other Equity: ₹140,077 lakhs
- Total Assets: ₹150,191 lakhs
- Total Liabilities: ₹4,357 lakhs
Segment-wise Performance [Rs. in Lakhs]:
Quarter ended 30th September, 2026:
- Investment Segment Revenue: ₹1,186
- Investment Segment Profit: ₹781
- Trading in Commodity Segment Revenue: ₹2,234
- Trading in Commodity Segment Profit: ₹58
Half Year ended 30th September, 2026:
- Investment Segment Revenue: ₹2,167
- Investment Segment Profit: ₹1,193
- Trading in Commodity Segment Revenue: ₹3,258
- Trading in Commodity Segment Profit: ₹97
Corporate Actions:
1. Management Appointment: Mr. Vinay Sarin appointed as Chief Executive Officer and Key Managerial Personnel effective 6th November, 2026
2. Director Resignation: Mr. Vinay Sarin resigned as Non-Executive Non-Independent Director effective close of business hours on 5th November, 2026
3. Board Recommendation: Recommended appointment of Mr. Vinay Sarin as Whole-Time Director (Executive Director and CEO) for 3 years from 21st December, 2026 to 20th December, 2029, subject to shareholder approval via Postal Ballot
Other Significant Information:
- Business Restructuring: Completed transfer of Friction Business Undertaking effective 20th August, 2026 on slump sale basis
- Discontinued Operations: The Friction Business has been classified as discontinued operations in compliance with Ind AS 105
- Joint Venture: Company has a joint venture, Compo Advics (India) Pvt. Ltd. (49% stake), whose losses have exceeded investment value and therefore not recognized in consolidated results from June 2021 quarter
- Cash Flow Impact: Proceeds from sale of Friction Business Undertaking: ₹32,138 lakhs (net of expenses and advance tax paid)
Notes:
- Previous periods' figures have been reclassified for discontinued operations
- All figures rounded off to nearest lakh rupees
- The financial results are unaudited but subject to limited review by statutory auditors