Summary of Key Information:

Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results

Date of Board Meeting / Approval: August 14, 2026 (commenced at 2:00 PM, concluded at 6:15 PM)

Audit Opinion: Unmodified opinion expressed by statutory auditors

Auditor's Comment: Highlighted multiple material uncertainties including going concern, impairment assessment limitations, GST disputes, and dormant accounts

Key Financial Highlights [₹ in Lakh]:

Standalone Results:

Revenue from Operations: ₹122.67 (vs. ₹2,001.18 in Q1 FY26, -93.9% YoY)

Other Income: ₹9.86

Total Income: ₹132.54 (vs. ₹2,014.60 in Q1 FY26, -93.4% YoY)

Expenses:

Cost of Materials consumed: ₹108.66

Cost of Traded Goods: ₹74.72

Change in Inventories: ₹19.34

Employee benefits expenses: ₹13.77

Finance costs: ₹156.52

Depreciation & amortization: ₹59.06

Other Expenses: ₹432.07

Total Expenses: ₹864.14

Exceptional Items: ₹47.80 (Fire Incident - Uninsured Loss)

Profit/(Loss) before tax: ₹(347.33)

Tax expense: ₹10.54

  • Current Tax: ₹10.54
  • Deferred Tax: Not specified

Net Profit/(Loss) after tax: ₹(357.87) (vs. ₹(2,111.92) in Q1 FY26)

Other Comprehensive Income: Not specified

Total Comprehensive Income: ₹(357.87)

Paid-up Equity Share Capital: ₹5,010.12 (Face Value ₹10 each)

Other Equity: Not specified

Earnings per Equity Share:

  • Basic: ₹(0.71)
  • Diluted: ₹(0.71)

Segment-wise Performance:

The Company has a single business segment - Active Pharmaceutical Ingredients (API). Therefore, segment-wise disclosure is not applicable as per Ind AS 108.

Corporate Actions:

Not Specified

Other Significant Information:

Fire Incident Impact:

  • Major fire occurred on May 18, 2025 at the company's mother unit (Plot No. C-4) in Lote Parshuram Industrial Area, Ratnagiri, Maharashtra
  • Significant damage to inventories, property, plant and equipment, office area
  • All production processes halted completely
  • Subsequent processing units dependent on C-4 unit output also ceased operations
  • Assets were not covered by insurance
  • Uninsured loss of ₹2,057.47 lakh recognized as exceptional items in previous periods

Impairment of Tangible Assets:

  • Company unable to conduct proper assessment due to labor protests blocking access to premises
  • Unrecognized labor union initiated strike and protest outside factory
  • Professionals (valuers, engineers) reluctant to enter due to hostile worker behavior
  • Police complaint lodged but lack of effective intervention
  • Management believes substantial portion of Plant & Machinery severely damaged/destroyed
  • Exact extent of loss unquantifiable without detailed inspection

Going Concern Considerations:

  • Management unable to commence manufacturing activities due to pending statutory clearances and operational constraints
  • Exploring contract manufacturing arrangements and/or leasing the facility
  • Evaluating recovery and rebuilding strategy with potential funding arrangements

Force Majeure Situation:

  • Revenue recognition suspended for destroyed goods under Section 56 of Indian Contract Act, 1872
  • Advance from customer retained as "Other Current Liabilities - Force Majeure Suspense"
  • Treatment contingent on future legal adjudication

Previous Period Figures:

Figures of previous period have been re-grouped/reclassified wherever necessary to conform to current period's classification