Date: 13th November 2026

Board Meeting Outcomes

  • Approved Un-audited Standalone and Consolidated Financial Results for quarter and half year ended 30th September 2026
  • Meeting commenced at 03:00 P.M. and concluded at 06:50 P.M. on 13th November 2026

Financial Results (Standalone)

Quarterly Performance (₹ in lakhs):

  • Revenue from Operations: 8,282 (Q2 FY2026) vs 4,829 (Q2 FY2025) - 71.5% increase
  • Other Income: 323 (Q2 FY2026) vs 245 (Q2 FY2025)
  • Total Income: 8,605 (Q2 FY2026) vs 5,074 (Q2 FY2025)
  • Profit before exceptional items and tax: 228 (Q2 FY2026) vs (68) (Q2 FY2025)
  • Exceptional Items: (145) (Q2 FY2026)
  • Profit before tax: 82 (Q2 FY2026) vs (68) (Q2 FY2025)
  • Profit for the period: 82 (Q2 FY2026) vs (68) (Q2 FY2025)
  • EPS Basic: 0.22 (Q2 FY2026) vs (0.18) (Q2 FY2025)
  • EPS Diluted: 0.22 (Q2 FY2026) vs (0.18) (Q2 FY2025)

Half-Yearly Performance (₹ in lakhs):

  • Revenue from Operations: 11,241 (H1 FY2026) vs 6,456 (H1 FY2025)
  • Other Income: 543 (H1 FY2026) vs 347 (H1 FY2025)
  • Total Income: 11,784 (H1 FY2026) vs 6,803 (H1 FY2025)
  • Profit before exceptional items and tax: 438 (H1 FY2026) vs (259) (H1 FY2025)
  • Exceptional Items: (145) (H1 FY2026)
  • Profit before tax: 292 (H1 FY2026) vs (274) (H1 FY2025)
  • Profit for the period: 292 (H1 FY2026) vs (274) (H1 FY2025)
  • EPS Basic: 0.79 (H1 FY2026) vs (0.74) (H1 FY2025)
  • EPS Diluted: 0.79 (H1 FY2026) vs (0.74) (H1 FY2025)

Annual Comparison (₹ in lakhs):

  • Revenue from Operations: 14,760 (FY2026)
  • Other Income: 1,127 (FY2026)
  • Total Income: 15,887 (FY2026)
  • Profit before tax: 8,913 (FY2026)
  • Profit for the period: 8,068 (FY2026)
  • EPS Basic: 21.76 (FY2026)
  • EPS Diluted: 21.76 (FY2026)

Standalone Balance Sheet (₹ in lakhs)

As at 30.09.2026:

  • Property, Plant and Equipment: 4,131
  • Other Non Current Assets: 106
  • Total Non-Current Assets: 4,236
  • Inventories: 959
  • Trade receivables: 5,418
  • Cash and cash equivalents: 157
  • Other Financial Assets: 27
  • Other current assets: 937
  • Total Current Assets: 7,499
  • Total Assets: 11,735
  • Equity Share capital: 3,707
  • Other Equity: (12,788)
  • Total Equity: (9,081)
  • Financial Liabilities (Borrowings): 10,518
  • Provisions: 132
  • Deferred Tax Liability: 130
  • Total Non-Current Liabilities: 10,779
  • Trade payables: 4,787
  • Other financial liabilities: 4,998
  • Other current liabilities: 226
  • Provisions: 26
  • Total Current Liabilities: 10,037
  • Total Equity and Liabilities: 11,735

Other Operational / Legal / Strategic Disclosures

Legal Settlement:

  • Company settled legal proceedings with vendor through Delhi High Court Mediation and Conciliation Centre
  • Recognized exceptional item of ₹145.40 lakh comprising ₹94.40 lakh deposited earlier and additional ₹51.00 lakh interest
  • Wrote off ₹387 lakh claim against vendor as no longer recoverable
  • Withdrawn petitions from Hon'ble High Courts of Punjab and Haryana and Delhi
  • Proceedings before District and Sessions Court, Faridabad remain pending for formal disposal

One Time Settlement (OTS):

  • OTS resolution plan sanctioned by consortium Lenders during FY 2024-2025
  • Company fully paid OTS amount along with interest during last year
  • Obtained NOC from all 6 lenders, process of obtaining Consolidated NOC from Lead Bank ongoing

Corporate Guarantee:

  • Company provided corporate guarantee for wholly owned subsidiary in USA
  • Guarantee invoked by lender during earlier period
  • Company has not recognized interest amounting to ₹90.04 lakh for quarter and ₹176.65 lakh for half year
  • Cumulative unrecognized interest as at September 30, 2026: ₹1,704.94 lakh

SEBI Matter:

  • Show Cause Notice issued under rule 4 of SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995
  • Directors and Company applied for settlement application with SEBI
  • SEBI Settlement Committee granted hearing, reply submitted to SEBI

Going Concern:

  • Company has accumulated losses and negative net worth as at September 30, 2026
  • Material uncertainty exists regarding going concern
  • Management believes company can continue based on improved operating performance, discharged OTS amounts, and proposed rights issue

Rights Issue:

  • Board approved raising up to ₹105 crore via rights issue on August 13, 2026
  • Applications submitted to stock exchanges for in-principle approval
  • Applications under consideration, approvals awaited as of September 30, 2026

Property Matter:

  • Municipal Corporation, Faridabad issued notice to builder of Pinnacle Tower requiring vacation
  • Builder obtained interim stay from Punjab and Haryana High Court
  • Matter pending adjudication, next hearing December 7, 2026
  • No financial adjustments considered necessary

Material Uncertainty Related to Going Concern

  • Auditor notes accumulated losses and negative net worth
  • Material uncertainty exists that may cast significant doubt on company's ability to continue as going concern
  • Conclusion not modified regarding this matter

Consolidated Financial Results

Quarterly Performance (₹ in lakhs):

  • Revenue from Operations: 8,282 (Q2 FY2026) vs 4,829 (Q2 FY2025)
  • Profit before tax: 81 (Q2 FY2026) vs (70) (Q2 FY2025)
  • Profit for the period: 81 (Q2 FY2026) vs (70) (Q2 FY2025)
  • EPS Basic: 0.22 (Q2 FY2026) vs (0.19) (Q2 FY2025)
  • EPS Diluted: 0.22 (Q2 FY2026) vs (0.19) (Q2 FY2025)

Half-Yearly Performance (₹ in lakhs):

  • Revenue from Operations: 11,241 (H1 FY2026) vs 6,456 (H1 FY2025)
  • Profit before tax: 291 (H1 FY2026) vs (275) (H1 FY2025)
  • Profit for the period: 291 (H1 FY2026) vs (275) (H1 FY2025)
  • EPS Basic: 0.78 (H1 FY2026) vs (0.74) (H1 FY2025)
  • EPS Diluted: 0.78 (H1 FY2026) vs (0.74) (H1 FY2025)