Financial Results Highlights (₹ in Lakhs)

Income Statement for Half Year Ended 30 September 2026:

  • Revenue From Operations (Sales net of return): ₹9.08 (Unaudited)
  • Other Income: ₹0.00 (Unaudited)
  • Total Revenue: ₹9.08 (Unaudited)
  • Finance Costs: ₹0.12 (Unaudited)
  • Depreciation and Amortization Expense: ₹0.96 (Unaudited)
  • Other Expenses: ₹17.23 (Unaudited)
  • Total Expenses: ₹71.90 (Unaudited)
  • Profit Before Exceptional Items and Tax: (₹62.82) loss (Unaudited)
  • Prior Period Item: ₹0.00
  • Profit Before Tax: (₹62.82) loss (Unaudited)
  • Tax Expense: Current Tax ₹0.00; Deferred Tax ₹(0.12) (Unaudited)
  • Profit (Loss) For The Period: (₹62.70) loss (Unaudited)

Comparative Figures:

  • Half Year Ended 30 September 2025: Net Loss of ₹453.53 lakhs (Unaudited)
  • Year Ended 31 March 2026: Net Loss of ₹934.89 lakhs (Audited)

Earnings Per Share (Face Value ₹10/-):

  • Basic EPS: (₹0.55) for H1 FY27; (₹4.23) for FY26; (₹3.99) for H1 FY26; (₹8.22) for FY26
  • Diluted EPS: (₹0.55) for H1 FY27; (₹4.23) for FY26; (₹3.99) for H1 FY26; (₹8.22) for FY26

Balance Sheet Position as at 30 September 2026 (Unaudited, ₹ in Lakhs):

  • Paid-up Equity Share Capital: ₹1,138.02
  • Reserves and Surplus: (₹1,710.94)
  • Total Equity: (₹572.92)
  • Long-Term Borrowings: ₹1,542.62
  • Total Non-current Liability: ₹1,553.58
  • Trade Payables: ₹483.71 (including ₹155.05 dues to MSMEs and small enterprises)
  • Other Current Liabilities: ₹261.67
  • Total Current Liabilities: ₹1,012.80
  • Total Liabilities: ₹1,993.46
  • Property, Plant and Equipment: ₹26.28
  • Deferred Tax Assets (Net): ₹26.28
  • Long Term Loans & Advances: ₹752.40
  • Other Non-Current Assets: ₹1.73
  • Total Non-Current Asset: ₹1,940.75
  • Inventories: ₹50.40
  • Trade Receivables: ₹0.84
  • Cash & Cash Equivalents: ₹1.42
  • Other Current Asset: ₹0.05
  • Total Current Asset: ₹52.71
  • Total Assets: ₹1,993.46

Cash Flow Statement for Period Ended 30 September 2026 (Unaudited, ₹ in Lakhs):

  • Net Cash From Operating Activities: (₹43.49)
  • Net Cash From Financing Activities: ₹39.56
  • Net Decrease in Cash: (₹3.93)
  • Cash and Cash equivalents at beginning: ₹5.35
  • Cash and Cash equivalents at end: ₹1.42

Audit Qualification

The statutory auditors, Keyur Shah & Associates, issued a qualified opinion on the financial results. The basis for qualification relates to valuation of inventory carried at ₹50.40 lakhs in the Balance Sheet. The management has stated inventories solely at cost instead of the lower of cost or net realizable value, which constitutes a departure from the accounting standard prescribed under section 133 of the Companies Act, 2013. The auditors were unable to obtain sufficient appropriate audit evidence regarding physical verification and impact assessment. This is the ninth consecutive time this qualification has appeared. The management states the impact is not quantifiable.