Disclosure Context
Regulatory filing by Laffans Petrochemicals Limited (Scrip Code: 524522) to BSE Limited regarding outcomes of Board Meeting held on 13th November 2026, pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulations 30 and 33.
Board Meeting Details
The Board of Directors meeting was held on Friday, 13th November 2026, commencing at 2:35 PM and concluding at 3:45 PM.
Key Decisions and Approvals
1. Financial Results Approval: The Board approved the Un-Audited Financial Results for the second quarter and half year ended 30th September 2026 upon recommendation of the Audit Committee.
2. Management Appointment: Appointment of Mrs. Swapna Shivashankaran (ACS No. 63355) as Company Secretary and Compliance Officer of the Company with effect from 16th November 2026, consequent upon the resignation of Mrs. Madhuri Ilesh Savla (Membership No. A55739).
- Profile: Commerce Graduate (B.com), Law Graduate (LLB), Associate member of ICSI with nearly 6 years of experience in corporate secretarial and corporate governance.
3. Auditor Removal: Removal of M/s. V Kumar & Associates, Practicing Company Secretaries, as the Secretarial Auditor of the Company with immediate effect (13th November 2026) at the discretion of the Board.
Financial Results Overview (Rs. in Lakhs)
Quarterly Performance (Q2 FY27 vs Q2 FY26 vs Q1 FY27)
- Total Revenue: ₹140.62 (Q2 FY27) vs ₹714.44 (Q1 FY27) vs (₹205.95) (Q2 FY26)
- Operating Revenue: ₹271.57 (Q2 FY27) vs ₹112.00 (Q1 FY27) vs ₹177.74 (Q2 FY26)
- Other Income: (₹130.95) (Q2 FY27) vs ₹602.44 (Q1 FY27) vs (₹383.69) (Q2 FY26)
- Total Expenses: ₹346.37 (Q2 FY27) vs ₹195.04 (Q1 FY27) vs ₹254.61 (Q2 FY26)
- Profit/(Loss) Before Tax: (₹205.75) (Q2 FY27) vs ₹519.40 (Q1 FY27) vs (₹460.56) (Q2 FY26)
- Profit/(Loss) for Period: (₹192.07) (Q2 FY27) vs ₹497.17 (Q1 FY27) vs (₹431.17) (Q2 FY26)
- Total Comprehensive Income: (₹192.11) (Q2 FY27) vs ₹497.13 (Q1 FY27) vs (₹431.21) (Q2 FY26)
- EPS Basic/Diluted: (₹2.40) (Q2 FY27) vs ₹6.21 (Q1 FY27) vs (₹5.39) (Q2 FY26)
Half-Yearly Performance (H1 FY27 vs H1 FY26)
- Total Revenue: ₹855.06 (H1 FY27) vs ₹565.52 (H1 FY26)
- Profit Before Tax: ₹313.65 (H1 FY27) vs ₹217.92 (H1 FY26)
- Profit for Period: ₹305.10 (H1 FY27) vs ₹210.64 (H1 FY26)
- Total Comprehensive Income: ₹305.02 (H1 FY27) vs ₹210.56 (H1 FY26)
- EPS Basic/Diluted: ₹3.81 (H1 FY27) vs ₹2.63 (H1 FY26)
Balance Sheet Position (as at 30.09.2026)
- Total Assets: ₹7,068.75 lakhs (Unaudited) vs ₹6,672.08 lakhs (Audited as at 31.03.2026)
- Non-Current Assets: ₹6,961.17 lakhs (including Investments: ₹5,654.86 lakhs, PPE: ₹717.66 lakhs)
- Current Assets: ₹107.58 lakhs (including Cash: ₹30.34 lakhs)
- Total Equity: ₹6,708.09 lakhs (Equity Share Capital: ₹800.00 lakhs)
- Total Liabilities: ₹360.66 lakhs
Cash Flow Statement (H1 FY27)
- Net Cash from Operating Activities: (₹5.09) lakhs
- Net Cash from Investing Activities: (₹49.50) lakhs
- Net Cash from Financing Activities: ₹84.68 lakhs
- Net Increase in Cash: ₹30.09 lakhs
- Cash Opening Balance: ₹0.25 lakhs
- Cash Closing Balance: ₹30.34 lakhs
Auditor's Review Report
Parveen Lokwani & Co. (Firm Reg. No.: 143818W) issued limited review report dated 13th November 2026 with emphasis of matter regarding certain bank accounts for which statements, external confirmations and/or reconciliations were not provided for verification. Management represented these accounts are non-operational with completion of formalities pending with respective banks. The conclusion was not modified regarding these matters.
Business Segment Disclosure
The Company's current business activities have only one primary reportable segment - trading of chemicals and commodities.