The Board considered and approved the following agenda item:

1. Un-Audited Financial Results for the half year ended September 30, 2026, along with the Limited Review Report of the Statutory Auditors thereon, pursuant to regulation 33 of the SEBI Listing Regulations.

Financial Performance Highlights (Standalone, Rs. in Lakhs)

Income Statement for 6 Months Ended September 30, 2026:

  • Revenue from Operations: ₹5,609.26
  • Other Income: ₹48.21
  • Total Income: ₹5,657.47
  • Total Expenses: ₹4,814.86
  • Cost of Material Consumed: ₹4,446.86
  • Employees Benefits Expenses: ₹115.09
  • Finance Costs: ₹152.40
  • Depreciation & Amortisation: ₹16.55
  • Other Expenses: ₹83.97
  • Profit Before Tax: ₹842.60
  • Tax Expense: ₹205.89
  • Current Tax: ₹191.72
  • Deferred Tax: ₹14.17
  • Profit After Tax: ₹636.71
  • Earnings Per Share (Basic & Diluted): ₹6.16

Comparative Figures:

  • 6 Months Ended September 30, 2025: Revenue ₹5,462.49, PAT ₹454.33, EPS ₹4.46
  • 6 Months Ended March 31, 2026: Revenue ₹5,707.35, PAT ₹389.76, EPS ₹3.76

Balance Sheet Highlights as at September 30, 2026 (Rs. in Lakhs):

  • Paid Up Equity Share Capital: ₹1,033.67
  • Reserves & Surplus: ₹5,577.69
  • Total Equity: ₹6,611.36
  • Total Liabilities: ₹14,061.50
  • Total Assets: ₹14,061.51
  • Non-Current Assets: ₹3,282.52
  • Current Assets: ₹10,778.99
  • Inventories: ₹4,841.28
  • Trade Receivables: ₹1,667.95
  • Cash & Bank Balances: ₹4.89
  • Short Term Loans & Advances: ₹2,107.09
  • Other Current Assets: ₹1,307.49

Cash Flow Highlights for 6 Months Ended September 30, 2026 (Rs. in Lakhs):

  • Net Cash from Operating Activities: (₹386.98)
  • Net Cash Used in Investing Activities: (₹170.95)
  • Net Cash from Financing Activities: ₹557.47
  • Net Increase in Cash: (₹0.47)

Significant Notes to Financial Results

1. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on November 13, 2026.

2. The company acquired the business undertaking of Jayant Infra Project (JIP), an AOP [Association of Persons], from its members on a slump sale basis for a total consideration of ₹1,256.67 lakhs. The company's existing 30% interest in JIP amounting to ₹377.00 lakhs was adjusted against the consideration payable, and the balance amount of ₹879.67 lakhs is payable to the other members. The acquired business has been merged with the company's operations.

3. JIP had a turnover of ₹2,258.00 lakhs with a net profit of ₹130.00 lakhs as of March 2026. The business relates to railway infrastructure, including design, drawing, supply, erection, and commissioning of 25kV, 50Hz single-phase traction overhead equipment for Railways, railway electrification, electrical contract work, and civil construction.

4. The company is listed on the SME Platform of BSE, and compliance with IND-AS is not applicable.

5. Segment reporting as per AS-17 is not applicable as the business falls under one segment.

6. Closing balances of Trade receivables, Trade payables, and Loans & Advances are subject to balance confirmations.