Financial Results Approval

The Board approved the Un-Audited Financial Results for the quarter and half year ended 30th September 2026, along with the Limited Review Report issued by the Statutory Auditors.

Key Financial Figures (in ₹ lakhs)

Quarter Ended 30th September 2026:

  • Revenue from operations: 1,911.43
  • Total Income: 1,923.29
  • Total Expenses: 3,028.14
  • Loss before tax: (1,160.84)
  • Tax expense: 19.34 (Deferred tax) + 6.87 (Tax for earlier years)
  • Net Loss for the period: (726.60)
  • EPS: (9.06)

Half Year Ended 30th September 2026:

  • Revenue from operations: 3,910.31
  • Total Income: 3,923.29
  • Total Expenses: 6,505.69
  • Loss before tax: (2,409.39)
  • Tax expense: 19.96 (Deferred tax) + 6.87 (Tax for earlier years)
  • Net Loss for the period: (1,440.85)
  • EPS: (17.97)

Balance Sheet Position as at 30th September 2026 (in ₹ lakhs):

  • Total Assets: 11,601.25
  • Equity Share Capital: 801.67
  • Other Equity: 323.70
  • Non-current liabilities: 3,201.46
  • Current liabilities: 6,847.42
  • Current liabilities exceed current assets by ₹55.42 crore

Management Changes

1. Resignation of Ms. Anupama Iyer as Company Secretary and Compliance Officer effective from closure of business hours on 14th November 2026 to pursue better career opportunities.

2. Resignation of Mr. P.V. Subba Rao as Chief Financial Officer (effective date to be intimated separately).

3. Mr. Seshagiri Rao Jasti, Managing Director, shall act as the Compliance Officer until appointment of a new Company Secretary cum Compliance Officer.

Financing Decisions

The Board approved availing unsecured loans of ₹11 crores each from:

  • Mr. J.S Rao, Managing Director
  • Mrs. Triveni Jasti, Chairperson and Whole Time Director

Operational Update

The Board approved shifting corporate/administrative operations and employee workspace to Survey no. 168, Beside Sai Anurag Colony, Ameenpur, Sangareddy, Hyderabad-502032 for administrative purposes. There is no change in the Registered Office of the Company.

Auditor's Qualifications

The Statutory Auditors issued an unmodified limited review report but highlighted:

1. Material Uncertainty related to Going Concern due to losses during current half year and previous financial years, current liabilities exceeding current assets by ₹55.42 crores, and delays in payments to certain overdue creditors.

2. Emphasis of Matter regarding temporary suspension of manufacturing operations with effect from 12th June 2026 due to adverse market conditions.