Board Meeting Details

The Board meeting was held at the Registered Office at 6th Floor, Sri Kamakhya Tower, Christian Basti, G S Road, Guwahati-781005, Assam, commencing at 4:00 PM and concluding at 6:00 PM.

Key Decisions Approved

1. Unaudited Financial Results: Approved the Un-audited Standalone and Consolidated Financial Results for the Quarter and Half Year ended September 30, 2026, pursuant to Regulation 33 of SEBI LODR.

2. Appointment of Company Secretary: Appointed CS Pooja Tyagi (ACS 56559) as Company Secretary and Compliance Officer effective November 14, 2026, based on NRC recommendation. Her profile indicates she is an Associate Member of ICSI with experience in listed companies handling ROC and SEBI LODR matters.

3. Appointment of Internal Auditor: Appointed Mr. Vikash Bagaria, Proprietor of M/s Vikash Bagaria & Associates, Chartered Accountants, Guwahati, as Internal Auditor for Financial Years 2026-27 and 2027-28.

4. Change of Registrar and Share Transfer Agent: Appointed "Skyline Financial Services Private Limited" in place of "Beetal Financial & Computer Services Private Limited".

Consolidated Financial Results (₹ in Lakhs, except per share data)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹3,359.59
  • Other Income: ₹30.17
  • Total Income: ₹3,389.76
  • Total Expenses: ₹3,206.24
  • Profit Before Tax: ₹183.52
  • Profit After Tax: ₹367.15
  • Total Comprehensive Income: ₹367.15
  • Basic EPS: ₹0.24
  • Diluted EPS: ₹0.24
  • Paid-up Equity Share Capital: ₹1,015.11

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹6,777.95
  • Other Income: ₹78.69
  • Total Income: ₹6,856.64
  • Total Expenses: ₹6,134.89
  • Profit Before Tax: ₹721.75
  • Profit After Tax: ₹503.27
  • Total Comprehensive Income: ₹504.53
  • Basic EPS: ₹0.28
  • Diluted EPS: ₹0.28

Segment-wise Performance (Quarter):

  • Structured Steel Revenue: ₹2,280.91, Segment Result: ₹169.72
  • Construction Material Revenue: ₹1,078.68, Segment Result: ₹66.83

Standalone Financial Results (₹ in Lakhs, except per share data)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹0.00
  • Other Income: ₹19.36
  • Total Income: ₹19.36
  • Total Expenses: ₹8.25
  • Profit Before Tax: ₹11.11
  • Profit After Tax: ₹7.24
  • Total Comprehensive Income: ₹7.24
  • Basic EPS: ₹0.01
  • Diluted EPS: ₹0.01
  • Paid-up Equity Share Capital: ₹1,015.11

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹0.00
  • Other Income: ₹26.03
  • Total Income: ₹26.03
  • Total Expenses: ₹14.42
  • Profit Before Tax: ₹11.61
  • Profit After Tax: ₹9.53
  • Total Comprehensive Income: ₹9.53
  • Basic EPS: ₹0.01
  • Diluted EPS: ₹0.01

Warrant Conversion and Fund Utilization

On May 30, 2026, the company issued 4,35,00,000 equity shares of ₹10 each against 43,50,000 Convertible Share Warrants of ₹10 each issued on December 7, 2024. Total amount received: ₹2,827.50 lakhs. As of September 30, 2026, ₹2,206.88 lakhs utilized for business expansion funding requirements, with unutilized amount of ₹620.62 lakhs kept in HSBC Overnight Fund.

Consolidated Assets and Liabilities (as of September 30, 2026)

  • Total Assets: ₹12,501.11 lakhs
  • Equity Share Capital: ₹1,015.11 lakhs
  • Other Equity: ₹6,120.20 lakhs
  • Non-Controlling Interest: ₹756.91 lakhs
  • Borrowings: ₹2,695.93 lakhs

Standalone Assets and Liabilities (as of September 30, 2026)

  • Total Assets: ₹6,419.64 lakhs
  • Equity Share Capital: ₹1,015.11 lakhs
  • Other Equity: ₹5,400.50 lakhs
  • Investments: ₹6,386.03 lakhs

Cash Flow Statements

Consolidated (Half Year):

  • Net Cash from Operating Activities: (₹268.78) lakhs
  • Net Cash used in Investing Activities: (₹841.61) lakhs
  • Net Cash from Financing Activities: ₹684.60 lakhs
  • Net Decrease in Cash: (₹425.79) lakhs

Standalone (Half Year):

  • Net Cash from Operating Activities: (₹26.62) lakhs
  • Net Cash used in Investing Activities: (₹2,110.00) lakhs
  • Net Cash from Financing Activities: ₹2,120.62 lakhs
  • Net Decrease in Cash: (₹16.00) lakhs

Auditor Review

The financial results were reviewed by V.N. Purohit & Co., Chartered Accountants, who issued an unmodified review conclusion stating nothing came to their attention suggesting material misstatement.