Key Financial Performance

Quarter Ended September 30, 2026 (Reviewed):

  • Revenue from operations: ₹2,995.52 lakh
  • Other income: ₹66.30 lakh
  • Total income: ₹3,061.82 lakh
  • Total expenses: ₹2,992.87 lakh
  • Profit before tax: ₹68.95 lakh
  • Net profit for the period: ₹68.95 lakh
  • Basic and diluted EPS: ₹0.31

Quarter Ended June 30, 2026 (Reviewed):

  • Revenue from operations: ₹3,594.90 lakh
  • Other income: ₹11.21 lakh
  • Total income: ₹3,606.11 lakh
  • Total expenses: ₹3,684.48 lakh
  • Loss before tax: ₹78.37 lakh
  • Net loss for the period: ₹78.37 lakh
  • Basic and diluted EPS: -₹0.35

Half Year Ended September 30, 2026 (Reviewed):

  • Revenue from operations: ₹6,590.42 lakh
  • Other income: ₹77.51 lakh
  • Total income: ₹6,667.93 lakh
  • Total expenses: ₹6,677.35 lakh
  • Loss before tax: ₹9.42 lakh
  • Net loss for the period: ₹9.42 lakh
  • Basic and diluted EPS: -₹0.04

Comparative Figures (Half Year Ended September 30, 2025):

  • Revenue from operations: ₹6,145.71 lakh
  • Other income: ₹18.77 lakh
  • Total income: ₹6,164.48 lakh
  • Total expenses: ₹6,142.78 lakh
  • Profit before tax: ₹21.70 lakh
  • Net profit for the period: ₹21.70 lakh
  • Basic and diluted EPS: ₹0.10

Financial Position as at September 30, 2026

Assets:

  • Total assets: ₹8,319.42 lakh (compared to ₹8,642.36 lakh as at March 31, 2026)
  • Non-current assets: ₹3,604.49 lakh
  • Current assets: ₹4,714.93 lakh
  • Inventories: ₹2,157.51 lakh
  • Trade receivables (billed): ₹2,023.35 lakh
  • Cash and bank balances: ₹23.01 lakh

Liabilities and Equity:

  • Total equity: ₹3,740.01 lakh
  • Equity share capital: ₹224.65 lakh (face value ₹1 each)
  • Other equity: ₹3,515.36 lakh
  • Non-current liabilities: ₹1,014.19 lakh
  • Current liabilities: ₹3,565.21 lakh
  • Borrowings (non-current): ₹1,000.73 lakh
  • Borrowings (current): ₹669.72 lakh
  • Trade payables: ₹2,654.58 lakh (including ₹61.82 lakh due to micro enterprises)

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

  • Net cash generated from operating activities: ₹416.38 lakh
  • Net cash flow from investing activities: ₹52.04 lakh
  • Net cash used in financing activities: ₹465.23 lakh
  • Net increase in cash and cash equivalents: ₹3.19 lakh
  • Closing cash and cash equivalents: ₹23.01 lakh

Significant Notes and Disclosures

1. Business Segment: The company is mainly engaged in manufacturing plastic bottles, jars, and caps, with no separate reportable segments as per Ind AS 108.

2. Wage Payments: The company paid ₹15.42 lakh in cash to contract workers during the half year, contrary to the Payment of Wages (Amendment) Act, 2017 requirement for bank channel payments.

3. Pending Bonus: Bonus of ₹27.66 lakh pertaining to previous financial years remains unpaid as of September 30, 2026, with employee-wise and year-wise breakup not available.

4. Dividend Account Issue: Axis Bank charged unspecified fees in dividend account (A/C No. 917020067706115), which the company is contesting as unlawful. Unpaid dividend as of September 30, 2026, amounts to ₹12.68 lakh, with shareholder-wise records unavailable.

5. GST Reconciliation: GST input claimed in books of accounts and GSTR-3B are subject to reconciliation for the half year ended September 2026.

6. Taxation: Tax expense is recognized after considering deduction under Section 80-IE of the Income Tax Act, 1961, for units situated in exempted zones.

7. Balance Confirmations: Balances of trade receivables, advances, unsecured loans, security deposits, and trade payables are subject to confirmation.

8. Internal Audit: No internal audit was conducted during the half year ended September 30, 2026, despite management claiming an internal audit team exists.

9. Lease Agreements: Rent includes lease rentals for premises without legitimate lease deeds.

10. MSME Payments: The company has not paid interest on amounts paid beyond 45 days to MSME creditors, citing payment terms agreed with vendors.

11. Employee Benefits: Provision for gratuity and leave encashment will be made at year-end based on actuarial valuation reports.

Limited Review Report

Mahesh Yadav & Co., Chartered Accountants (Firm Registration No. 036520N), issued a review report with an emphasis of matter on:

  • Cash wage payments (Note 3)
  • Pending bonus payable (Note 4)
  • No internal audit conducted (Note 9)
  • Non-payment to MSME creditors within 45 days (Note 11)

The report states that nothing has come to their attention that causes them to believe the financial results contain material misstatement.