Board Meeting Details

The meeting of the Board of Directors commenced at 2:35 p.m. and concluded at 3:45 p.m. on Friday, 13th November 2026.

Key Decisions and Approvals

1. Financial Results Approval: The Board approved the Un-Audited Financial Results for the second quarter and half year ended on 30th September 2026 upon the recommendation of the Audit Committee.

2. Management Appointment: Appointment of Mrs. Swapna Shivashankaran (ACS No. 63355) as the 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: Ms. Swapna Shivashankaran is a Commerce Graduate (B.com), Law Graduate (LLB) and an Associate member (ACS 63355) of The Institute of Company Secretaries of India 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 at the discretion of the Board of Directors.

Financial Results Overview (Rs. in Lacs)

Quarter Ended 30.09.2026 (Unaudited):

  • Total Revenue: ₹140.62
  • Total Expenses: ₹346.37
  • Profit/(Loss) Before Tax: (₹5.75)
  • Exceptional Items: ₹0
  • Profit/(Loss) Before Extraordinary Items: (₹5.75)
  • Tax Expense: ₹0
  • Profit/(Loss) for the Period: (₹5.75)
  • Other Comprehensive Income: (₹0.04)
  • Total Comprehensive Income: (₹5.79)
  • Basic EPS: (₹0.24)
  • Diluted EPS: (₹0.24)

Half Year Ended 30.09.2026 (Unaudited):

  • Total Revenue: ₹855.06
  • Total Expenses: ₹541.41
  • Profit/(Loss) Before Tax: ₹313.65
  • Exceptional Items: ₹0
  • Profit/(Loss) Before Extraordinary Items: ₹313.65
  • Tax Expense: ₹8.55
  • Profit/(Loss) for the Period: ₹305.10
  • Other Comprehensive Income: (₹0.08)
  • Total Comprehensive Income: ₹305.02
  • Basic EPS: ₹3.81
  • Diluted EPS: ₹3.81

Comparative Figures (Rs. in Lacs):

  • Quarter Ended 30.06.2026: Profit Before Tax ₹519.40, Profit After Tax ₹497.17
  • Quarter Ended 30.09.2025: Loss Before Tax (₹460.56), Loss After Tax (₹431.17)
  • Half Year Ended 30.09.2025: Profit Before Tax ₹217.92, Profit After Tax ₹210.64
  • Year Ended 31.03.2026: Profit Before Tax ₹19.66, Profit After Tax ₹41.33

Segment Information

The Company's current business activities has only one primary reportable segment i.e., trading of chemicals and commodities.

Assets and Liabilities Position as at 30.09.2026 (Rs. in Lacs)

  • Total Assets: ₹7,068.75 (Previous: ₹6,672.08 as at 31.03.2026)
  • Non-Current Assets: ₹6,961.17 (including Property, Plant & Equipment ₹717.66, Investment Property ₹526.43, Investments ₹5,654.86)
  • Current Assets: ₹107.58 (including Cash & Cash Equivalents ₹30.34)
  • Total Equity: ₹6,708.09 (Equity Share Capital ₹800.00, Other Equity ₹5,908.09)
  • Total Liabilities: ₹360.66

Cash Flow Statement for Half Year Ended 30.09.2026 (Rs. in Lacs)

  • Net Cash from Operating Activities: (₹5.09)
  • Net Cash from Investing Activities: (₹49.50)
  • Net Cash from Financing Activities: ₹84.68
  • Net Increase in Cash: ₹30.09
  • Cash & Cash Equivalents Opening: ₹0.25
  • Cash & Cash Equivalents Closing: ₹30.34

Auditor's Review and Emphasis of Matter

Parveen Lokwani & Co. (Firm Reg. No.: 143818W) conducted the limited review of the financial results. Their report includes an Emphasis of Matter stating:

  • In respect of certain bank accounts, the Company has not provided bank statements, external confirmations and/or reconciliations for verification
  • Unable to verify the recording and carrying balances of such accounts
  • Management represented these accounts are non-operational and completion of formalities is pending with respective banks
  • Conclusion is not modified in respect of these matters