Board Meeting Details

The Board of Directors meeting was held on October 30, 2026, commencing at 11:30 AM and concluding at 13:35 PM.

Key Decisions Approved

1. Unaudited Financial Results for Q2 FY27

The Board discussed and approved the unaudited financial results for the quarter and half year ended September 30, 2026:

Financial Performance (Quarter ended September 30, 2026):

  • Total Income from Operations: ₹64.95 crore (compared to ₹86.73 crore in previous quarter)
  • Other Income: ₹34.42 lakh
  • Total Income: ₹65.29 crore
  • Total Expenses: ₹64.72 crore
  • Profit Before Tax: ₹57.62 lakh
  • Tax Expense: ₹(91.83) lakh (including earlier year tax of ₹(88.15) lakh)
  • Net Profit for the period: ₹149.45 lakh
  • Earnings Per Share (Basic & Diluted): ₹16.21

Half Year Performance (April-September 2026):

  • Total Income: ₹152.07 crore
  • Net Profit: ₹299.53 lakh
  • EPS: ₹32.48

2. Director Appointment

The Board appointed Shri. Bharat Ajay Kapadia (DIN: 07206650) as an Additional Director, Non-Executive, Non-Independent on the Board of the Company.

3. Postal Ballot Approval

The Board approved conducting a Postal Ballot (including e-voting) process under Section 110 of the Companies Act, 2013, to obtain shareholder approval for the appointment of Shri. Bharat Ajay Kapadia as Non-Executive, Non-Independent Director liable to retire by rotation.

Segment-wise Performance (Quarter ended September 30, 2026)

Revenue:

  • Tin Containers: ₹63.06 crore
  • Ice-Cream Cones (Waffles & Wafers): ₹18.94 lakh
  • Unallocated: ₹34.42 lakh

Segment Results:

  • Tin Containers Profit: ₹99.80 lakh
  • Ice-Cream Cones Loss: ₹(38.31) lakh

Financial Position as at September 30, 2026

  • Total Assets: ₹132.90 crore
  • Total Liabilities: ₹37.04 crore
  • Equity Share Capital: ₹5.22 crore (Face Value: ₹10 each)
  • Other Equity: ₹91.80 crore

Cash Flow Statement (Quarter ended September 30, 2026)

  • Cash generated from operating activities: ₹31.67 lakh
  • Cash used in investing activities: ₹(628.96) lakh
  • Cash from financing activities: ₹240.19 lakh
  • Net decrease in cash: ₹(72.07) lakh
  • Cash and cash equivalents at end: ₹55.91 lakh

Auditor Review

The Statutory Auditor, G D Apte & Co, conducted a limited review and expressed an unmodified opinion on the financial results pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015.

Tax Regime

The Company has opted for the concessional tax regime under Section 115BAA of the Income-tax Act, 1961, with effect from FY 2025-26 at a tax rate of 22% plus applicable surcharge and cess.