Key Quantitative Figures

Financial Performance (H1 FY27 ended September 30, 2026):

  • Total Income: ₹67.33 lakhs
  • Revenue from Operations: ₹64.41 lakhs
  • Other Income: ₹2.91 lakhs
  • Total Expenses: ₹61.13 lakhs
  • Profit Before Tax: ₹6.20 lakhs
  • Current Tax: ₹1.35 lakhs
  • Deferred Tax: ₹0.36 lakhs
  • Net Profit: ₹4.49 lakhs
  • Basic EPS: ₹0.36
  • Diluted EPS: ₹0.36

Comparative Figures:

  • H1 FY26 Net Profit: ₹6.10 lakhs (30-09-2025)
  • FY26 Audited Net Profit: ₹19.58 lakhs (31-03-2026)

Dates of Action

  • Board Meeting: November 12, 2026 (4:30 PM to 7:10 PM)
  • Financial Period: Half year ended September 30, 2026
  • Review by Audit Committee: November 12, 2026

Parties Involved

  • Statutory Auditor: M/s GRSM & Associates, Chartered Accountants
  • Monitoring Agency: Infomerics Valuation and Rating Limited

IPO Details

Issue Details:

  • IPO Opening: June 17, 2026
  • IPO Closing: June 19, 2026
  • Allotment Date: June 22, 2026
  • Listing Date: June 24, 2026
  • Shares Issued: 3,46,08,000 equity shares of face value ₹1 each
  • Issue Price: ₹23 per share (including premium of ₹22 per share)
  • Total Proceeds: ₹7,959.84 lakh (₹79.60 crore)

Fund Utilization as of September 30, 2026:

| Object | Amount Allocated | Amount Utilized | % Utilized | Unutilized |

| Capital Expenditure (Assembling Unit) | ₹2,700.36 lakh | ₹1,671.27 lakh | 61.89% | ₹1,029.09 lakh |

| Working Capital Requirements | ₹3,681.25 lakh | ₹3,680.66 lakh | 99.98% | ₹0.59 lakh |

| General Corporate Purposes | ₹945.55 lakh | ₹915.19 lakh | 96.79% | ₹30.36 lakh |

| Issue Related Expenses | ₹632.68 lakh | ₹632.68 lakh | 100.00% | ₹0.00 |

| Total | ₹7,959.84 lakh | ₹6,899.80 lakh | 86.68% | ₹1,060.04 lakh |

Revised allocation approved by Audit Committee and Board on August 21, 2026

Segment Reporting (H1 FY27)

  • Contract Revenue: ₹51.53 lakhs (Segment Profit: ₹6.83 lakhs)
  • Sale of Products: ₹0.06 lakhs (Segment Loss: ₹0.04 lakhs)
  • Sale of Services: ₹12.82 lakhs (Segment Profit: ₹9.70 lakhs)

Financial Position (as of September 30, 2026)

  • Share Capital: ₹1,417.92 lakh
  • Reserves and Surplus: ₹13,194.55 lakh
  • Total Equity: ₹14,612.47 lakh
  • Total Assets: ₹25,337.82 lakh
  • Cash and Bank Balances: ₹9,972.39 lakh

Auditor Certification

  • M/s GRSM & Associates issued unmodified limited review opinion on financial results
  • Independent certificate confirms IPO fund utilization in accordance with prospectus objects

Capital Structure Impact

Post-IPO equity share capital increased to ₹1,417.92 lakh from pre-IPO ₹1,071.84 lakh (as of March 31, 2026).