The Board considered and approved the following items:

1. Unaudited Financial Results for Half Year Ended 30th September 2026: The Board approved the standalone unaudited financial results for the half-year ended 30th September 2026, along with the Limited Review Report and Utilization Certificate for IPO proceeds issued by the statutory auditors, M/s Bandyopadhyay & Dutt.

2. Salary Increase: The Board approved an increase in salary for Directors, Key Managerial Personnel (KMPs), and Senior Management Personnel.

Financial Highlights (Half-Year Ended 30th September 2026)

  • Revenue from Operations: ₹14.28 crore (compared to ₹7.00 crore in H1 FY25 and ₹15.58 crore in FY26)
  • Other Income: ₹0.10 crore (compared to ₹1.36 crore in H1 FY25 and ₹1.57 crore in FY26)
  • Total Revenue: ₹14.38 crore (compared to ₹8.37 crore in H1 FY25 and ₹17.15 crore in FY26)
  • Profit Before Tax: ₹1.57 crore (compared to ₹0.66 crore in H1 FY25 and ₹1.02 crore in FY26)
  • Net Profit: ₹1.43 crore (compared to ₹0.48 crore in H1 FY25 and ₹0.80 crore in FY26)
  • Basic and Diluted EPS: ₹2.27 per share (compared to ₹0.76 in H1 FY25 and ₹1.28 in FY26)

Balance Sheet Position (as at 30th September 2026)

  • Total Assets/Liabilities: ₹28.40 crore (compared to ₹19.88 crore as at 31st March 2026)
  • Share Capital: ₹6.30 crore (unchanged)
  • Reserves and Surplus: ₹11.37 crore (compared to ₹9.92 crore as at 31st March 2026)
  • Inventories: ₹8.26 crore (compared to ₹4.64 crore as at 31st March 2026)
  • Trade Receivables: ₹7.86 crore (compared to ₹4.52 crore as at 31st March 2026)
  • Cash and Cash Equivalents: ₹2.16 crore (compared to ₹2.21 crore as at 31st March 2026)

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

  • Net Cash from Operating Activities: -₹3.67 crore
  • Net Cash from Investing Activities: -₹1.08 crore
  • Net Cash from Financing Activities: ₹4.70 crore
  • Net Change in Cash: -₹0.05 crore

IPO Proceeds Utilization Certificate

M/s Bandyopadhyay & Dutt, Chartered Accountants, issued a certificate confirming 100% utilization of IPO funds raised through the prospectus dated 30th December 2024. The final unutilized amount of ₹41 lakh was utilized in July and August 2026-27 for funding capital expenditure towards purchase of additional plant and machinery.

Breakdown of IPO Fund Utilization:

  • Working Capital Requirements: ₹775.80 lakh (utilized in FY2024-25)
  • General Corporate Expenses: ₹70.00 lakh (utilized in FY2024-25)
  • Capital Expenditure for Plant and Machinery: ₹41.00 lakh (utilized in FY2026-27)
  • Public Issue Related Expenses: ₹127.50 lakh (utilized in FY2024-25)
  • Total Utilization: ₹1,014.30 lakh (100% of proceeds)

Auditor's Review

Bandyopadhyay & Dutt conducted a limited review of the unaudited financial results in accordance with SRE 2410 issued by ICAI. Their review concluded that nothing came to their attention causing them to believe that the statement contains any material misstatement or has not disclosed information required by Regulation 33 of SEBI LODR Regulations.