Board Meeting Details

The Board of Directors meeting was held on Thursday, 22nd October 2026, starting at 7:30 PM and concluding at 8:50 PM. The meeting approved the unaudited financial results for the quarter ending September 30, 2026, based on the recommendation of the Audit Committee.

Financial Results Overview (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹1,844.52 lakh
  • Other Income: ₹1.69 lakh
  • Total Revenue (Net): ₹1,846.21 lakh
  • Total Expenses: ₹1,701.78 lakh
  • Purchases of Stock-in-trade: ₹2,130.94 lakh
  • Changes in inventories of Stock-in-Trade: (₹1,888.03) lakh
  • Employee benefits expenses: ₹3.91 lakh
  • Finance Cost: ₹1,428.71 lakh
  • Depreciation and Amortization Expenses: ₹1.79 lakh
  • Other Expenses: ₹24.46 lakh
  • Profit before tax: ₹144.43 lakh
  • Tax Expenses: ₹0 (No current tax, deferred tax, or prior year taxes)
  • Net Profit for the quarter: ₹144.43 lakh
  • Earnings per Share (Basic and Diluted): ₹0.03

Comparative Performance

Quarterly Comparison (Q2 FY27 vs Q2 FY26):

  • Revenue from Operations increased from ₹1,109.33 lakh to ₹1,844.52 lakh
  • Other Income decreased from ₹141.57 lakh to ₹1.69 lakh
  • Net Profit decreased from ₹170.35 lakh to ₹144.43 lakh
  • EPS remained stable at ₹0.03

Half-Year Performance (H1 FY27):

  • Total Revenue: ₹19,888.65 lakh
  • Total Expenses: ₹21,780.28 lakh
  • Net Loss: (₹1,891.63) lakh
  • EPS: (₹0.34)

Balance Sheet Position (as at September 30, 2026)

  • Total Assets: ₹121,385.15 lakh
  • Non-Current Assets: ₹60,829.79 lakh (primarily Loans: ₹60,822.16 lakh)
  • Current Assets: ₹60,555.36 lakh (Inventories: ₹35,907.28 lakh, Loans: ₹22,189.95 lakh, Trade receivables: ₹2,430.00 lakh)
  • Equity and Liabilities: ₹121,385.15 lakh
  • Equity: ₹72,286.83 lakh (Equity Share capital: ₹5,635.66 lakh, Other Equity: ₹66,651.17 lakh)
  • Non-current liabilities: ₹39,753.74 lakh (Borrowings: ₹39,642.42 lakh)
  • Current liabilities: ₹9,344.58 lakh (Trade payables: ₹6,379.39 lakh, Provisions: ₹2,744.16 lakh)

Cash Flow Statement (Six Months Ended September 30, 2026)

  • Net Cash from Operating Activities: ₹21,981.80 lakh
  • Net Cash used in Investing Activities: (₹1.69) lakh
  • Net Cash from Financing Activities: (₹21,981.34) lakh
  • Net decrease in Cash: (₹1.23) lakh
  • Closing Cash Balance: ₹22.14 lakh

Auditor's Qualifications

The statutory auditors, SK Bhavsar & Co., issued a limited review report with the following emphasis of matter:

  • Company has not deposited tax deducted at source amounting to ₹1.96 crore relating to FY 2025-26
  • No provision made for interest on unpaid TDS
  • Confirmations of balances for loans and advances given and unsecured loans taken were not available
  • Unable to verify existence, recoverability and completeness of loan balances through alternative procedures
  • Provisions for interest income and expense recognized based on management data without verification
  • Trading of shares and securities details considered as per management data and broker ledgers, not reconciled with contract notes
  • Possible effect of these matters on the financial statements is not determinable

Capital Structure

  • Paid-up Equity Share Capital: ₹5,635.66 lakh
  • Face Value per share: ₹1.00
  • No debt securities outstanding

Segment Reporting

There are no reportable segments as per Ind AS requirements.