Key Business Approved

1. Approval of Financial Results: The Board approved the Un-Audited Standalone Financial Results of the Company along with the Limited Review Report issued by the Statutory Auditors for the half year ended 30th September, 2026.

2. Reclassification of Promoter Group: The Board considered and approved the request received from Mrs. Jharna Ajmera, Sister of Mrs. Mittal Shrenik Shah, Whole-time Director (promoter) of the Company, seeking reclassification from the 'Promoter Group' category to the 'Public' category pursuant to Regulation 31A of the SEBI LODR Regulations. The approval is subject to the approval of the shareholders of the Company and BSE Limited and fulfilment of applicable regulatory requirements.

Meeting Details

The Board Meeting commenced at 01:16 p.m. and concluded at 01:27 p.m. on November 14, 2026.

Financial Results Overview (Half Year Ended 30th September, 2026)

Income Statement:

  • Revenue from operations: ₹13,059.78 lakh
  • Other income: ₹33.91 lakh
  • Total Income: ₹13,093.68 lakh
  • Cost of materials consumed: ₹10,076.94 lakh
  • Changes in inventories of stock in trade: (₹1,185.93) lakh
  • Employee benefits expense: ₹594.93 lakh
  • Finance costs: ₹685.28 lakh
  • Depreciation and amortization expenses: ₹201.47 lakh
  • Other expenses: ₹1,808.11 lakh
  • Total Expenses: ₹12,180.80 lakh
  • Profit Before Tax: ₹912.88 lakh
  • Tax Expense: ₹255.95 lakh (Current tax: ₹269.28 lakh, Deferred tax: (₹13.33) lakh)
  • Profit for the Period: ₹656.93 lakh
  • Weighted Average Number of Shares: 1,41,41,822
  • Basic and Diluted EPS: ₹4.65

Balance Sheet (as at 30th September, 2026):

  • Total Equity and Liabilities: ₹29,091.12 lakh
  • Shareholder's Funds: ₹12,166.07 lakh (Share capital: ₹1,414.18 lakh, Reserves and surplus: ₹10,751.89 lakh)
  • Non-Current Liabilities: ₹3,010.44 lakh (Long-term borrowing: ₹2,878.99 lakh, Long term provision: ₹83.52 lakh, Other: ₹47.94 lakh)
  • Current Liabilities: ₹13,914.61 lakh (Short term borrowings: ₹4,550.87 lakh, Trade payables: ₹8,466.34 lakh, Other current liabilities: ₹491.63 lakh, Short term provisions: ₹405.76 lakh)
  • Total Assets: ₹29,091.12 lakh
  • Non-Current Assets: ₹7,988.17 lakh (Property, plant and equipment: ₹4,021.01 lakh, Intangible assets: ₹4.34 lakh, Work-in-progress: ₹3,556.53 lakh, Non-current investments: ₹33.62 lakh, Long term loans and advances: ₹42.63 lakh, Other non-current assets: ₹330.04 lakh)
  • Current Assets: ₹21,102.94 lakh (Inventories: ₹12,493.26 lakh, Trade receivables: ₹5,126.94 lakh, Cash and cash equivalent: ₹1,390.17 lakh, Short term loans and advances: ₹2,068.79 lakh, Other current assets: ₹23.78 lakh)

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

  • Net cash used in operating activities: (₹141.54) lakh
  • Net cash used in investing activities: (₹1,136.43) lakh
  • Net cash from financing activities: ₹1,215.49 lakh
  • Net decrease in cash and cash equivalents: (₹62.48) lakh
  • Cash equivalents at end of period: ₹25.93 lakh

Comparative Figures

Half Year Ended 30th September, 2025:

  • Revenue from operations: ₹13,970.28 lakh
  • Profit for the Period: ₹703.28 lakh
  • EPS: ₹6.16

Year Ended 31st March, 2026:

  • Revenue from operations: ₹30,087.75 lakh
  • Profit for the Year: ₹1,046.13 lakh
  • EPS: ₹8.19

Notes to Financial Results

1. The financial Results are prepared in accordance with Accounting standards prescribed under section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014.

2. The company is exempt from compulsory adoption of IND AS as it is listed on SME platform and has prepared financial Results as per Indian GAAP.

3. The company is mainly engaged in structural engineering and fabrication of heavy and precision steel structures for sectors including steel plants, railway bridges, oil & gas plants, refineries, and chemical plants.

4. The company operates in one single segment.

5. The status of investor complaints during the half year ended 30th September 2026 is NIL.

6. There are no pending registration or modification or satisfaction of Charge at the end of reporting period.

7. The company maintains its stock register in a hybrid manner (part electronically, part manually).