Board Meeting Details

The Board Meeting was held on Thursday, 12th November, 2026 at 04:00 p.m. and concluded at 05:10 p.m. The Board approved and took on record the Un-Audited Financial Results for the quarter and half year ended 30th September, 2026 as recommended by the Audit Committee.

Financial Results Overview (Standalone)

Quarterly Performance (Q2 FY2027)

  • Total Revenue: ₹148.64 lakh (Previous year same quarter: ₹11.46 lakh)
  • Net Profit/(Loss): Loss of ₹28.82 lakh (Previous year same quarter: Loss of ₹32.33 lakh)

Half-Yearly Performance (H1 FY2027)

  • Total Revenue: ₹223.03 lakh (Previous year same period: ₹79.31 lakh)
  • Net Profit/(Loss): Not explicitly stated in results table

Year-End Comparison

  • Previous year ended 31st March, 2026: Total Revenue ₹363.04 lakh

Segment-wise Performance

The company operates in two business segments:

Cotton Yarn Manufacturing Segment

  • Q2 Revenue: ₹132.19 lakh (Previous year: ₹00.00 lakh)
  • Q2 Segment Result: Loss of ₹29.11 lakh (Previous year: Loss of ₹27.41 lakh)
  • H1 Revenue: ₹185.02 lakh

Solar Power Generation Segment

  • Q2 Revenue: ₹16.46 lakh (Previous year: ₹11.46 lakh)
  • Q2 Segment Result: Profit of ₹0.28 lakh (Previous year: Loss of ₹4.79 lakh)
  • H1 Revenue: ₹38.02 lakh

Cash Flow Statement (Unaudited)

Operating Activities

  • Profit before tax: ₹(51.61) lakh
  • Depreciation: ₹65.33 lakh
  • Net cash flow from operations: ₹(33.40) lakh (outflow)

Investing Activities

  • Purchase of Fixed Assets: ₹(0.62) lakh
  • Proceeds from sale of Fixed Assets: ₹8.50 lakh
  • Net cash from investing activities: ₹69.14 lakh (inflow)

Financing Activities

  • Proceeds from short term borrowings: ₹(40.93) lakh (net repayment)
  • Interest paid: ₹(0.26) lakh
  • Net cash flow from financing activities: ₹41.19 lakh (inflow)

Net Change in Cash

  • Net decrease in cash: ₹(5.45) lakh
  • Cash at beginning of period: ₹8.00 lakh
  • Cash at end of period: ₹2.55 lakh

Balance Sheet Position (Standalone)

Assets

  • Total Assets: ₹11,779.89 lakh (Previous: ₹11,874.21 lakh)
  • Property, Plant and Equipment: ₹11,231.81 lakh
  • Inventories: ₹82.69 lakh
  • Trade receivables: ₹139.09 lakh
  • Cash and cash equivalents: ₹0.46 lakh

Liabilities and Equity

  • Equity Share capital: ₹285.00 lakh
  • Other Equity: ₹11,032.45 lakh
  • Borrowings (current): ₹362.75 lakh
  • Total Equity and Liabilities: ₹11,779.89 lakh

Regulatory Compliance Statements

Public Issue Proceeds

Not Applicable for the quarter and half year ended September 30, 2026.

Outstanding Default on Loans

Not Applicable, as no default.

Related Party Transactions

Not Applicable for the quarter and half year ended September 30, 2026. The company falls under exemption criteria prescribed under Chapter IV, Regulation 15(2)(a) of SEBI (LODR) Regulations, 2015.

Audit Qualifications Impact

Not Applicable for the quarter and half year ended September 30, 2026.

Auditor's Review

M/s. Hiremath Patil Udgiri and Associates, Chartered Accountants conducted a limited review of the financial results and issued a review report stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.

Accounting Standards

The company has adopted Indian Accounting Standards (Ind AS) from 1st April, 2017, and these financial results have been prepared in accordance with Ind AS 34 Interim Financial Reporting.

Additional Information

The figures for the previous period have been regrouped/rearranged wherever considered necessary. The company confirms it has no outstanding defaults on loans or debt securities.