Board Meeting Details

The Board of Directors meeting was held on Friday, 13th November, 2026. The meeting commenced at 03:00 PM (IST) and concluded at 08:02 PM (IST).

Key Agenda Items Approved

1. Unaudited Standalone Financial Results: The Board, upon the recommendation of the Audit Committee, approved the Unaudited Standalone Financial Results for the Quarter and Half year ended 30th September, 2026. This approval included:

  • Cash Flow Statement
  • Statement of Assets and Liabilities
  • Related Party Transactions
  • Limited Review Report issued by the Statutory Auditors (SSVS AND CO., Chartered Accountants)

2. Other Agenda Items: The Board considered and approved other agenda items as placed before it, with the permission of the chairman.

Financial Results Overview (Standalone)

Quarter Ended 30th September, 2026 (Unaudited)

  • Revenue from operations: ₹62.09 lakh
  • Other Income: ₹2.77 lakh
  • Total Income: ₹64.86 lakh
  • Total Expenses: ₹67.41 lakh
  • Profit before exceptional items and tax: Loss of ₹2.55 lakh
  • Exceptional Items: None
  • Tax Expense: Credit of ₹0.64 lakh (Deferred tax)
  • Profit for the period: Loss of ₹1.91 lakh
  • Basic EPS: (₹1.09)
  • Diluted EPS: (₹1.09)

Half Year Ended 30th September, 2026 (Unaudited)

  • Revenue from operations: ₹113.05 lakh
  • Other Income: ₹9.29 lakh
  • Total Income: ₹122.34 lakh
  • Total Expenses: ₹124.36 lakh
  • Profit before exceptional items and tax: Loss of ₹2.02 lakh
  • Exceptional Items: None
  • Tax Expense: Credit of ₹0.47 lakh (Deferred tax)
  • Profit for the period: Loss of ₹1.55 lakh
  • Basic EPS: (₹0.89)
  • Diluted EPS: (₹0.89)

Comparative Figures (Quarter Ended 30th September, 2025)

  • Revenue from operations: ₹39.13 lakh
  • Profit for the period: Loss of ₹3.69 lakh
  • Basic EPS: (₹1.39)

Annual Figures (Year Ended 31st March, 2026 - Audited)

  • Revenue from operations: ₹510.77 lakh
  • Profit for the period: ₹31.09 lakh
  • Basic EPS: ₹17.90

Segment-wise Performance (Half Year Ended 30th September, 2026)

Revenue:

  • Sugar: ₹104.20 lakh
  • Cogeneration: ₹1.48 lakh
  • Other: ₹7.51 lakh
  • Total Segment Revenue: ₹113.18 lakh
  • Less: Inter Segment Revenue: ₹0.13 lakh
  • Net Segment Revenue: ₹113.05 lakh

Segment Results (Profit before Tax and Finance Cost):

  • Sugar: ₹2.18 lakh profit
  • Cogeneration: ₹2.75 lakh loss
  • Other: ₹0.21 lakh profit
  • Total: ₹0.36 lakh loss

Segment Assets (as of 30th September, 2026):

  • Sugar: ₹459.40 lakh
  • Cogeneration: ₹87.48 lakh
  • Unallocable/Other: ₹104.22 lakh
  • Total Assets: ₹651.10 lakh

Segment Liabilities (as of 30th September, 2026):

  • Sugar: ₹115.19 lakh
  • Cogeneration: ₹0.43 lakh
  • Total Liabilities: ₹115.62 lakh

Balance Sheet Highlights (as of 30th September, 2026)

Assets:

  • Total Non-current assets: ₹201.81 lakh
  • Property, Plant and Equipment: ₹187.06 lakh
  • Capital work in progress: ₹1.99 lakh
  • Investments: ₹10.08 lakh
  • Total Current assets: ₹449.29 lakh
  • Inventories: ₹182.78 lakh
  • Trade Receivables: ₹106.16 lakh
  • Cash and cash equivalents: ₹6.59 lakh
  • Other Bank Balances: ₹22.88 lakh
  • Loans: ₹104.22 lakh
  • Total Assets: ₹651.10 lakh

Equity and Liabilities:

  • Share capital: ₹17.38 lakh
  • Other equity: ₹273.04 lakh
  • Total Equity: ₹290.41 lakh
  • Non-current liabilities: ₹45.19 lakh
  • Borrowings: ₹15.78 lakh
  • Deferred tax liabilities: ₹26.41 lakh
  • Current liabilities: ₹315.50 lakh
  • Borrowings: ₹202.88 lakh
  • Trade payables: ₹87.79 lakh
  • Total Equity and Liabilities: ₹651.10 lakh

Cash Flow Statement (Half Year Ended 30th September, 2026)

  • Cash flow from operating activities: ₹76.83 lakh (inflow)
  • Cash flow from investing activities: ₹75.88 lakh (outflow)
  • Cash flow from financing activities: ₹15.50 lakh (inflow)
  • Net decrease in cash and cash equivalents: ₹65.15 lakh
  • Cash and cash equivalents at beginning: ₹74.74 lakh
  • Cash and cash equivalents at end: ₹6.59 lakh

Trading Window Closure

Pursuant to the code of conduct under SEBI LODR Regulations, the Trading window for dealing in the securities of the Company by all Directors, Key Managerial Personnel, Designated Persons, Connected Persons and their immediate relatives was closed with effect from Thursday, 1st October, 2026 and remained closed until 48 hours after the declaration of the financial results.

Auditor's Limited Review Report

SSVS AND CO., Chartered Accountants (Firm Registration No: 021648C) issued a limited review report stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410 issued by ICAI.

Management Certification

Kunal Yadav (Managing Director) and Ravinder Sharma (Chief Financial Officer) certified that the Un-Audited financial results do not contain any false or misleading statement or figures and do not omit any material fact, as required under Regulation 33(2)(a) of SEBI LODR Regulations, 2015.

Notes to Results

1. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.

2. The results were approved by the Board of Directors at its meeting held on 13th November, 2026.

3. The company's Sugar and Power segments being of seasonal nature, the performance of the quarter may not be representative.

4. Previous financial period figures have been regrouped/rearranged/restated, wherever considered necessary.