Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended 30th June, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting and Standalone Unaudited Financial Results
Audit Opinion:
The Limited Review Report was issued by VIVEK MITTAL & ASSOCIATES CHARTERED ACCOUNTANTS (FRN: 005847C). The report was modified, not for a qualification on the numbers, but to highlight an 'Other Matter' concerning the company's liquidation proceedings.
Auditor’s Comment:
The auditor's report contains a significant emphasis matter regarding the liquidation status of the company. The Hon'ble National Company Law Tribunal (NCLT) Allahabad Bench initiated liquidation proceedings against the company vide its order dated 06.12.2021. Subsequently, the NCLT, by its orders dated 21.03.2024 and 23.10.2024, approved the sale of the company as a going concern to Krishna Ventures Limited (KVL/Acquirer). A Sale Certificate was issued by the Liquidator on 12.06.2024. The acquirer has initiated the process of taking over the company, which is concurrently obtaining the latest shareholding data from its Registrar & Transfer Agent (RTA). The auditor's conclusions are modified in respect of this matter.
Key Financial Highlights [₹ in Crore]:
Standalone Results for the quarter ended 30th June, 2026:
| Particulars | Q1 FY27 (30.06.2026) | Q1 FY26 (30.06.2025) | Q4 FY26 (31.03.2026) |
| Revenue from Operations | 1,281.71 | 1,695.68 | 148.11 |
| Other Income | 0.28 | 0.27 | - |
| Total Income | 1,281.99 | 1,695.95 | 148.11 |
| Total Expenses | 1,185.98 | 1,566.48 | 140.29 |
| Profit before tax & Exceptional Items | 96.01 | 129.47 | 7.82 |
| Exceptional Items [net credit/ (charge)] | - | - | - |
| Profit before tax (PBT) | 96.01 | 129.47 | 7.82 |
| Tax Expenses | - | 1.21 | - |
| Profit for the period (Net Profit) | 96.01 | 128.26 | 7.82 |
| Other Comprehensive Income | - | - | - |
| Total Comprehensive Income | 96.01 | 128.26 | 7.82 |
| Paid-Up Equity Share Capital (Face value ₹10/- each) | 1,080.30 | 1,080.30 | - |
| Earnings Per Share (EPS) (₹) | | | |
| (a) Basic | 0.89 | 1.19 | - |
| (b) Diluted | 0.89 | 1.19 | - |
Expense Breakdown [₹ in Crore] for Q1 FY27:
- Cost of Materials Consumed: 1,133.03
- Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade: (113.65)
- Employee Benefits Expense: 57.75
- Finance Costs: 44.47
- Depreciation and Amortization Expense: 64.38
- Other Expenses: 64.38
Segment-wise Performance:
The company operates in one business segment. Therefore, segment reporting is not applicable as per Ind AS 108.
Corporate Actions:
Not Specified
Other Significant Information:
The Standalone Financial Results have been prepared in accordance with Indian Accounting Standards (Ind AS).
The above unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors.