Board Meeting Details

The Board of Directors meeting was held on October 29, 2026, from 6:00 P.M. to 7:00 P.M. The Board approved and took on record the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026.

Auditor Review

The results were subjected to a limited review by the statutory auditors, JBTM & Associates LLP (FRN: W100365). The limited review reports are annexed to the filing.

Key Financial Figures - Standalone (₹ in Lakhs, except per share data)

Income Statement

Quarter Ended September 30, 2026:

  • Total Income: ₹7,696
  • Revenue from Operations: ₹1.775
  • Other Income: ₹5.921
  • Profit before Tax: ₹3,186
  • Tax Expense: ₹833
  • Net Profit for the period: ₹2,353
  • Total Comprehensive Income: ₹2,386
  • Basic EPS: ₹1.66

Half-Year Ended September 30, 2026:

  • Total Income: ₹13,742
  • Revenue from Operations: ₹3.897
  • Other Income: ₹9.845
  • Profit before Tax: ₹5,535
  • Tax Expense: ₹1,411
  • Net Profit for the period: ₹4,124
  • Total Comprehensive Income: ₹4,157
  • Basic EPS: ₹2.90

Balance Sheet (as at September 30, 2026)

  • Total Assets: ₹406,445
  • Total Equity: ₹289,498
  • Equity Share Capital: ₹14,210
  • Other Equity: ₹275,288
  • Total Liabilities: ₹116,947

Cash Flow (Half-Year Ended September 30, 2026)

  • Cash from Operating Activities: ₹2,040
  • Cash from Investing Activities: (₹1,616)
  • Cash from Financing Activities: (₹2,657)
  • Net decrease in Cash: (₹2,233)
  • Cash equivalents at period end: ₹2,280

Key Financial Figures - Consolidated (₹ in Lakhs, except per share data)

Income Statement

Quarter Ended September 30, 2026:

  • Total Income: ₹53,167
  • Revenue from Operations: ₹47.301
  • Other Income: ₹5,866
  • Profit before Tax: ₹3,075
  • Tax Expense: ₹833
  • Net Profit for the period: ₹2,242
  • Share of Profit from Associates/JV: ₹74
  • Net Profit after tax and share: ₹2,316
  • Total Comprehensive Income: ₹2,349
  • Basic EPS: ₹0.99
  • Net Profit attributable to Owners: ₹1,404
  • Net Profit attributable to NCI: ₹912

Half-Year Ended September 30, 2026:

  • Total Income: ₹73,415
  • Revenue from Operations: ₹62.863
  • Other Income: ₹10,552
  • Profit before Tax: ₹6,315
  • Tax Expense: ₹1,411
  • Net Profit for the period: ₹4,904
  • Share of Profit from Associates/JV: ₹70
  • Net Profit after tax and share: ₹4,974
  • Total Comprehensive Income: ₹5,007
  • Basic EPS: ₹2.74
  • Net Profit attributable to Owners: ₹3,896
  • Net Profit attributable to NCI: ₹1,078

Balance Sheet (as at September 30, 2026)

  • Total Assets: ₹605,142
  • Total Equity: ₹270,392
  • Equity attributable to owners: ₹265,608
  • Non-controlling interest: ₹4,784
  • Total Liabilities: ₹334,750

Cash Flow (Half-Year Ended September 30, 2026)

  • Cash from Operating Activities: ₹4,514
  • Cash from Investing Activities: ₹10,152
  • Cash from Financing Activities: (₹6,470)
  • Net increase in Cash: ₹8,196
  • Cash equivalents at period end: ₹22,291

Qualified Audit Opinion

The statutory auditors issued a qualified opinion on both standalone and consolidated results regarding non-provision of interest on certain inter-corporate deposits:

  • Standalone: Interest not provided amounting to ₹534.29 lakhs (Q2) and ₹1,062.77 lakhs (H1)
  • Consolidated: Interest not provided amounting to ₹534.29 lakhs (Q2) and ₹1,062.77 lakhs (H1)

This understatement of finance cost resulted in a consequential decrease in reported losses for both periods.

The company stated it has had fruitful negotiations with lenders during the quarter and is hopeful of amicable settlement of dues in the near future.

Subsidiaries and Associates Included

The consolidated results include:

  • 19 subsidiary companies
  • 4 associates
  • 1 joint venture (Sunstream City Private Limited)

The auditors noted that they did not review the financial results of 4 subsidiaries and relied on other auditors' reports. They also did not review 15 subsidiaries and 1 associate whose results were management-reviewed.