Key Dates

  • Board Meeting Date: 13.11.2026
  • Meeting Start Time: 11:30 a.m.
  • Meeting End Time: 1:00 p.m.
  • Results Period: Quarter and half year ended 30.09.2026
  • Auditor's Report Date: 13.11.2026

Financial Results (₹ Lakhs)

Quarterly Performance (Unaudited)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹25.11
  • Other income: ₹0.08
  • Total income: ₹25.19
  • Total expenses: ₹89.38
  • Loss before tax: ₹(64.20)
  • Loss for the period: ₹(64.20)
  • Basic and diluted EPS: ₹(1.67)

Quarter Ended June 30, 2026:

  • Revenue from operations: ₹15.72
  • Other income: ₹0.04
  • Total income: ₹15.76
  • Total expenses: ₹81.62
  • Loss before tax: ₹(65.86)
  • Loss for the period: ₹(65.86)
  • Basic and diluted EPS: ₹(1.71)

Quarter Ended September 30, 2025:

  • Revenue from operations: ₹63.33
  • Total income: ₹63.33
  • Total expenses: ₹126.54
  • Loss before tax: ₹(63.21)
  • Loss for the period: ₹(63.21)
  • Basic and diluted EPS: ₹(1.64)

Half-Yearly Performance (Unaudited)

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹40.83
  • Other income: ₹0.12
  • Total income: ₹40.95
  • Total expenses: ₹171.01
  • Loss before tax: ₹(130.06)
  • Loss for the period: ₹(130.06)
  • Basic and diluted EPS: ₹(3.38)

Half Year Ended September 30, 2025:

  • Revenue from operations: ₹125.48
  • Other income: ₹0.04
  • Total income: ₹125.52
  • Total expenses: ₹307.55
  • Loss before tax: ₹(182.04)
  • Loss for the period: ₹(182.04)
  • Basic and diluted EPS: ₹(4.73)

Annual Comparison (Audited)

Year Ended March 31, 2026:

  • Revenue from operations: ₹181.59
  • Other income: ₹38.94
  • Total income: ₹220.53
  • Total expenses: ₹545.82
  • Loss before tax: ₹(325.29)
  • Loss for the period: ₹(325.29)
  • Basic and diluted EPS: ₹(8.45)

Expense Breakdown (Q2 FY27)

  • Cost of materials consumed: ₹24.05
  • Employee benefits expense: ₹5.46
  • Finance cost: ₹47.02
  • Depreciation and amortization expense: ₹6.97
  • Other expenses: ₹5.88

Balance Sheet Position (₹ Lakhs)

As of September 30, 2026 (Unaudited)

Assets:

  • Total assets: ₹1053.02
  • Non-current assets: ₹1010.21
  • Property, plant and equipment: ₹947.33
  • Other financial asset: ₹62.88
  • Current assets: ₹42.81
  • Trade receivables: ₹21.37
  • Cash and cash equivalents: ₹0.81
  • Other Bank balances: ₹9.42
  • Other current assets: ₹10.21

Equity and Liabilities:

  • Equity share capital: ₹385.74
  • Other equity: ₹(1566.48)
  • Total equity: ₹(1180.74)
  • Non-current liabilities: ₹1874.00
  • Borrowings: ₹1874.00
  • Current liabilities: ₹359.77
  • Trade payables: ₹2.01
  • Other financial liabilities: ₹352.97
  • Other current liabilities: ₹4.79

Comparative Position (March 31, 2026 - Audited)

  • Total assets: ₹1088.39
  • Total equity: ₹(1050.67)
  • Borrowings: ₹1864.00

Cash Flow Statement (H1 FY27)

Cash flows from operating activities: ₹34.01

Cash flows from investing activities: ₹(0.34)

Cash flows from financing activities: ₹(83.49)

Net decrease in cash: ₹(49.82)

Cash at beginning: ₹50.63

Cash at end: ₹0.81

Capital Structure

  • Paid-up equity share capital: ₹385.75 lakhs
  • Face value per share: ₹10
  • Number of shares: 385,750

Auditor's Qualified Opinion

The independent auditors, SSAL & Associates (FRN: 021621S), issued a qualified opinion noting:

  • Company incurred loss before tax of ₹64.20 lakh during quarter ended September 30, 2026
  • Erosion of net worth as on September 30, 2026
  • Material uncertainty exists regarding company's ability to continue as going concern
  • Financial statements do not include adjustments that might result from going concern uncertainties
  • Management represents no further adjustments needed even if going concern concept not adopted

Management Response and Business Outlook

  • Company continues yarn trading business during the quarter
  • Directors plan to continue yarn trading business in coming year
  • Promoters have continued to infuse funds
  • Promoters have given assurance of additional fund infusion as needed
  • Board deems it appropriate to continue adoption of going concern concept

Segment Information

  • Company principally engaged in single business segment: yarn
  • No other reportable segments as per Ind AS 108 - Operating Segments