Board Meeting Outcomes

The Board of Directors meeting commenced at 03:44 PM and concluded at 4:24 PM on 23rd October 2026. The Board:

1. Approved the Unaudited Financial Results of the Company for the quarter ended 30th September 2026, as reviewed by the Audit Committee, along with the Limited Review Report issued by the Statutory Auditors VSSA & Associates.

2. Took note of the Internal Audit Report for the quarter ended 30th September 2026.

3. Took note of the certificate regarding the non-applicability of Regulation 23 of SEBI Listing Regulations to the Company.

4. Took note of the certificate regarding the non-applicability of Regulation 32 of SEBI Listing Regulations to the Company for the quarter ended 30th September 2026.

5. Took note of the listing compliances undertaken by the Company for the quarter ended 30th September 2026.

6. Considered and approved the proposal to avail Inter-Corporate Deposits (ICDs)/inter-corporate loans up to an aggregate amount of ₹11,00,00,000 (Rupees Eleven Crore only), including existing and proposed borrowings. This approval is subject to applicable provisions of the Companies Act 2013 (including Sections 179(3)(d) and 180(1)(c)), SEBI Listing Regulations, applicable directions of the Reserve Bank of India, and other applicable laws.

7. Considered and approved the Grievance Redressal Policy of the Company.

Financial Results (Amounts in ₹ Lakhs)

Quarterly Performance (Q2 FY2026 vs Q2 FY2025)
  • Revenue from Operations: ₹31.07 (vs ₹44.77 in Q2 FY2025)
  • Total Income: ₹31.31 (vs ₹44.77 in Q2 FY2025)
  • Total Expenses: ₹22.96 (vs ₹29.09 in Q2 FY2025)
  • Profit Before Tax: ₹8.35 (vs ₹15.68 in Q2 FY2025)
  • Tax Expense: ₹2.14 (Deferred tax) + ₹1.30 (MAT credit availed) - ₹1.30 (Current tax) = Net tax of ₹2.14
  • Profit for the Period: ₹6.21 (vs ₹11.37 in Q2 FY2025)
  • Basic EPS: ₹0.0065 (vs ₹0.0120 in Q2 FY2025)
Half-Yearly Performance (H1 FY2026 vs H1 FY2025)
  • Revenue from Operations: ₹65.11 (vs ₹87.51 in H1 FY2025)
  • Total Income: ₹66.14 (vs ₹87.51 in H1 FY2025)
  • Total Expenses: ₹53.24 (vs ₹71.31 in H1 FY2025)
  • Profit Before Tax: ₹12.90 (vs ₹16.19 in H1 FY2025)
  • Tax Expense: ₹3.32 (Deferred tax) + ₹2.01 (MAT credit availed) - ₹2.01 (Current tax) = Net tax of ₹3.32
  • Profit for the Period: ₹9.58 (vs ₹11.76 in H1 FY2025)
  • Basic EPS: ₹0.0101 (vs ₹0.0124 in H1 FY2025)
Comparative Full Year Reference (FY2026)
  • Revenue from Operations (FY2025): ₹169.65
  • Profit/(Loss) for the Year (FY2025): (₹166.35)
  • Basic EPS (FY2025): (₹0.1751)

Cash Flow Statement (H1 FY2026 vs H1 FY2025)

  • Net Cash from Operating Activities: ₹83.36 (vs ₹95.77 in H1 FY2025)
  • Direct Tax Paid: ₹3.32 (vs ₹4.44 in H1 FY2025)
  • Cash Flow from Investing Activities: ₹0.00 (vs ₹0.00 in H1 FY2025)
  • Cash Flow from Financing Activities: (₹82.61) (vs (₹72.64) in H1 FY2025)
  • Net Increase/(Decrease) in Cash: (₹2.57) (vs ₹18.69 in H1 FY2025)
  • Cash and Cash Equivalents as at 30th September: ₹1.13 (vs ₹22.33 as at 30th September 2025)

Balance Sheet Position (as at 30th September 2026 vs 30th September 2025)

Assets
  • Total Assets: ₹1,384.54 (vs ₹1,664.22)
  • Financial Assets: ₹1,298.25 (vs ₹1,618.20), including:
  • Cash and cash equivalents: ₹1.13 (vs ₹22.33)
  • Loans: ₹1,252.25 (vs ₹1,587.90)
  • Trade Receivables: ₹43.59 (vs ₹6.69)
  • Other Financial Assets: ₹1.28 (vs ₹1.28)
  • Non-Financial Assets: ₹86.28 (vs ₹46.02), including:
  • Advances: ₹13.13 (vs ₹31.83)
  • Deferred Tax Asset: ₹73.15 (vs ₹13.79)
  • Property Plant & Equipment: ₹0.00 (vs ₹0.40)
Liabilities and Equity
  • Total Liabilities and Equity: ₹1,384.54 (vs ₹1,664.22)
  • Financial Liabilities: ₹180.78 (vs ₹290.86), including:
  • Borrowings: ₹149.38 (vs ₹280.48)
  • Trade payables: ₹25.86 (vs ₹4.67)
  • Other financial liabilities: ₹5.54 (vs ₹5.71)
  • Other current liabilities: ₹11.54 (vs ₹15.01)
  • Provisions: ₹6.93 (vs ₹4.52)
  • Equity: ₹1,185.30 (vs ₹1,353.83), including:
  • Equity Share Capital: ₹950.00 (vs ₹950.00)
  • Other Equity: ₹235.30 (vs ₹403.83)

Regulatory Compliance Certifications

Non-Applicability of Regulation 23

The Company certified that Regulation 23 (Related Party Transactions) of SEBI LODR Regulations is not applicable as its paid-up capital (₹9,50,00,000) and net worth (₹11,75,72,000.00 as on 31st March 2026) are below the threshold limits of ₹10 crore and ₹25 crore respectively.

Non-Applicability of Regulation 32

The Company certified that Regulation 32 (Statement on Deviation/Variation in Use of Proceeds) is not applicable as it has not issued any shares by way of public issue, rights issue, or preferential issue during the quarter ended 30th September 2026.

Audit Review

VSSA & Associates, Chartered Accountants (Firm Registration No 012421N), issued an unmodified limited review report on the unaudited financial results, confirming that nothing came to their attention causing them to believe the statement contains any material misstatement.

Authorizations

Mr. Bhupendra Kaushik (DIN: 07016552), Independent Director, was authorized to sign and furnish the financial results to BSE Limited and other concerned authorities.