Board Meeting Details

The Board meeting was held at the Registered Office at 2/70, Block-2, 3rd Floor, WHS, Kirti Nagar, New Delhi-110015, commencing at 4:00 PM and concluding at 5:00 PM.

Key Decisions Approved

1. Unaudited Financial Results: Approved the Un-audited Standalone and Consolidated Financial Results for the Quarter and Half Year ended 30th June, 2026. Pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015, the company is submitting the approved Un-Audited Standalone and Consolidated Financial Results along with the Limited Review Report for the Quarter ended 30th September 2026.

2. Internal Auditor Appointment: Approved the appointment of M/s Siwal Bajaj & Co., Chartered Accountants, as Internal Auditor of the Company for the Financial Year 2026-27 and 2027-28.

Consolidated Financial Results (Rupees in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹5,092.98
  • Other income: ₹45.07
  • Total Income: ₹5,138.05
  • Total Expenses: ₹5,106.45
  • Cost of raw materials consumed: ₹4,800.25
  • Changes in inventories: -₹201.44
  • Employee benefits expense: ₹67.76
  • Finance costs: ₹82.33
  • Depreciation expense: ₹34.46
  • Other expenses: ₹323.09
  • Profit before tax: ₹31.60
  • Tax expense: ₹25.65
  • Current tax: ₹22.92
  • Tax expense relating to prior years: ₹2.72
  • Deferred tax charge/(credit): ₹0.00
  • Net profit for the period: ₹5.95
  • Other comprehensive income: ₹0.00
  • Total comprehensive income: ₹5.95
  • Paid-up equity share capital: ₹1,010.00 (Face value ₹10 each)
  • Reserves excluding Revaluation Reserve: ₹124.83
  • Basic EPS: ₹0.06 (not annualized)
  • Diluted EPS: ₹0.06 (not annualized)

Comparative Quarter Data:

  • June 30, 2026: Net profit ₹1.89 lakh, EPS ₹0.02
  • September 30, 2025: Net profit ₹98.89 lakh, EPS ₹197.78

Half Year Ended September 30, 2026:

  • Total Income: ₹8,314.48
  • Net profit: ₹7.85
  • Basic EPS: ₹0.08

Standalone Financial Results (Rupees in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹0.00
  • Other income: ₹19.66
  • Total Income: ₹19.66
  • Total Expenses: ₹28.91
  • Employee benefits expense: ₹6.13
  • Finance costs: ₹19.41
  • Other expenses: ₹3.37
  • Profit before tax: -₹9.25
  • Tax expense: -₹2.33 (all deferred tax credit)
  • Net loss for the period: -₹6.92
  • Paid-up equity share capital: ₹1,010.00
  • Reserves excluding Revaluation Reserve: -₹47.24
  • Basic EPS: -₹0.07
  • Diluted EPS: -₹0.07

Comparative Quarter Data:

  • June 30, 2026: Net loss ₹5.71 lakh, EPS -₹0.06
  • September 30, 2025: Net loss ₹15.90 lakh, EPS -₹31.80

Consolidated Balance Sheet as at 30th September, 2026 (Rupees in Lakhs)

Total Assets: ₹11,109.53

  • Non-current assets: ₹6,260.33
  • Property, Plant and Equipment: ₹5,835.10
  • Goodwill: ₹112.79
  • Intangible Assets: ₹251.69
  • Other Non-Current Assets: ₹62.71
  • Income tax assets: ₹8.04
  • Current assets: ₹4,849.20
  • Inventories: ₹2,152.33
  • Trade receivables: ₹1,482.25
  • Cash and cash equivalents: ₹233.59
  • Other Financial Assets: ₹193.44
  • Other current assets: ₹777.59

Equity and Liabilities: ₹11,109.53

  • Equity: ₹1,134.83
  • Equity share capital: ₹1,010.00
  • Other equity: ₹124.83
  • Non-current liabilities: ₹5,082.73
  • Borrowings: ₹4,976.91
  • Deferred tax liability: ₹97.11
  • Provisions: ₹8.71
  • Current liabilities: ₹4,891.97
  • Borrowings: ₹2,968.43
  • Trade payables: ₹1,825.94
  • Micro enterprises and small enterprises: ₹1,366.27
  • Other creditors: ₹459.67
  • Other financial liabilities: ₹2.94
  • Provisions: ₹67.68
  • Other current liabilities: ₹4.04
  • Current tax liabilities: ₹22.92

Auditor's Limited Review Report

Consolidated Results: Ajay K. Kapoor & Company, Chartered Accountants, issued a limited review report stating that nothing has come to their attention that causes them to believe the statement contains any material misstatement. The review did not cover subsidiary Inertia Aluminum Private Limited (wholly owned), whose results were reviewed by other auditors. The subsidiary contributed total assets of ₹11,019.10 lakhs and revenue of ₹5,092.98 lakhs for the quarter.

Standalone Results: The same auditor issued a clean limited review report for the standalone results, with no modifications.

Notes to Financial Results

The unaudited financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI LODR Regulations. Previous quarter/year items have been regrouped or reclassified where necessary for consistency.