Financial Results Approval
The Board approved the un-audited financial results for the half year ended September 30, 2026, as recommended by the Audit Committee.
Financial Performance Highlights (₹ in Lakhs)
- Revenue from operations: ₹6,383.72 (H1 FY27) vs ₹3,177.79 (H1 FY26) and ₹9,178.57 (FY26)
- Total revenue: ₹6,384.85 (H1 FY27) vs ₹3,178.39 (H1 FY26)
- Net profit: ₹313.74 (H1 FY27) vs ₹40.16 (H1 FY26) and ₹75.91 (FY26)
- Earnings per share: ₹5.20 (basic & diluted, not annualized)
- Tax expense: ₹105.53 (₹105.94 current tax, ₹-0.41 deferred tax)
Capital Structure Changes
The Board allotted 215,000 equity shares of ₹10 each at a price of ₹31.30 per share (including premium of ₹21.30 per share) to Soham Kamlesh Lodhiya. This was pursuant to the conversion of 215,000 warrants upon receipt of balance consideration (75% of issue price) as prescribed under Regulation 169 of SEBI ICDR Regulations, 2018. The total consideration received was ₹67,29,500. These shares will rank pari-passu with existing equity shares and be listed on BSE.
Management Changes
- Ms. Charmi Kamlesh Lodhiya resigned as Chief Financial Officer (CFO) and Key Managerial Person (KMP) effective October 19, 2026, citing better career growth. She will continue as a Whole-time Director.
- Mr. Soham Kamlesh Lodhiya was appointed as CFO and KMP effective October 19, 2026. He is a Whole-time Director since September 3, 2025, belongs to the promoter group, holds a Bachelor's Degree in Architecture, and is a relative of Mr. Kamlesh Lodhiya (Managing Director), Ms. Charmi Lodhiya (Whole-time Director), and Mrs. Pratibha Lodhiya (Non-executive Director).
Financial Position (as of September 30, 2026, ₹ in Lakhs)
- Total assets/liabilities: ₹3,740.95 (vs ₹1,844.05 as of March 31, 2026)
- Share capital: ₹603.65 (unchanged)
- Reserves and surplus: ₹1,422.08 (vs ₹1,108.33)
- Inventories: ₹1,643.27 (vs ₹1,550.56)
- Trade receivables: ₹1,847.33 (vs ₹157.41)
- Cash and bank balances: ₹65.79 (vs ₹13.95)
Cash Flow Statement (H1 FY27, ₹ in Lakhs)
- Net cash from operating activities: ₹52.02 (vs ₹-1,208.59 in FY26)
- Net cash used in investing activities: ₹-0.18
- Net cash from financing activities: ₹0.00 (vs ₹818.10 in FY26)
- Net increase in cash: ₹51.84
Fund Utilization Disclosure
The company reported no deviation or variation in the utilization of funds raised through a preferential issue on August 22, 2025. The total issue size was ₹985.95 lakhs, with ₹818.11 lakhs raised as of September 30, 2026. Funds were utilized as per original objects: ₹788.76 lakhs for working capital and ₹29.35 lakhs for general corporate purposes.