Board Meeting Details

The Board of Directors meeting was held on November 14, 2026, commencing at 15:30 P.M. and concluding at 16:23 P.M., via VC/OAVM from the corporate office in New Delhi.

The Board discussed and approved the following items:

  • The Unaudited Standalone Financial Results for the half year ended September 30, 2026 (Annexure I), which were reviewed by the statutory auditors, R. Rampuria & Company, who issued a limited review report with an unmodified opinion.
  • A Statement of Deviation and Variation in the utilization of funds raised via a preferential allotment on March 01, 2025, for the half year ended September 30, 2026 (Annexure II), confirming no deviation.
  • The Related Party Transactions Statement for the half year ended September 30, 2026 (Annexure III).
  • An Integrated filing (Financials) for the half year ended September 30, 2026 (Annexure IV).
  • The Management Discussion and Analysis for the half year ended September 30, 2026 (Annexure V).
  • A Compliance Certificate for the half year ended September 30, 2026, from the MD/CEO and CFO as per Regulation 33(2)(a).
  • The proposal for migration of the Company's equity shares from the SME Platform to the Main Board.
  • Other routine matters.

The trading window for insiders was closed from October 1, 2026, and was to remain closed until 48 hours after the declaration of these results.

Key Financial Figures (Standalone)

Income Statement (₹ in Lakhs):

  • Revenue from Operations: 76,835.67 (H1 FY27) vs. 58,670.23 (H1 FY26) vs. 72,901.86 (H2 FY26)
  • Other Income: 412.66 (H1 FY27) vs. 96.50 (H1 FY26) vs. 287.10 (H2 FY26)
  • Total Income: 77,248.33 (H1 FY27) vs. 58,766.73 (H1 FY26) vs. 73,188.96 (H2 FY26)
  • Purchase of Stock-in-Trade: 74,313.43 (H1 FY27) vs. 57,323.18 (H1 FY26) vs. 70,007.49 (H2 FY26)
  • Employee Benefit Expense: 686.31 (H1 FY27) vs. 563.93 (H1 FY26) vs. 628.07 (H2 FY26)
  • Financial Costs: 841.42 (H1 FY27) vs. 659.23 (H1 FY26) vs. 770.86 (H2 FY26)
  • Depreciation and Amortization: 36.49 (H1 FY27) vs. 31.05 (H1 FY26) vs. 51.72 (H2 FY26)
  • Profit Before Tax: 1,350.52 (H1 FY27) vs. 870.35 (H1 FY26) vs. 1,057.14 (H2 FY26)
  • Tax Expense: 341.39 (H1 FY27) vs. 227.94 (H1 FY26) vs. 281.49 (H2 FY26)
  • Net Profit for the Period: 1,009.12 (H1 FY27) vs. 642.41 (H1 FY26) vs. 775.65 (H2 FY26)
  • Earnings Per Share (Basic & Diluted): ₹5.67 (H1 FY27) vs. ₹3.61 (H1 FY26) vs. ₹4.36 (H2 FY26)
  • Paid-up Equity Share Capital: 1,779.76 (unchanged)

Balance Sheet (₹ in Lakhs) as of September 30, 2026:

  • Total Equity and Liabilities: 37,131.39 vs. 35,786.31 (Mar 31, 2026)
  • Share Capital: 1,779.76 (unchanged)
  • Reserves and Surplus: 9,437.52 vs. 8,428.39 (Mar 31, 2026)
  • Long-Term Borrowings: 3,028.16 vs. 0.91 (Mar 31, 2026)
  • Short-Term Borrowings: 15,407.12 vs. 18,678.44 (Mar 31, 2026)
  • Trade Payables: 6,518.51 (Micro/Small: 288.13; Others: 6,230.38) vs. 5,898.87 (Micro/Small: 179.53; Others: 5,719.34) (Mar 31, 2026)
  • Total Assets: 37,131.39 vs. 35,786.31 (Mar 31, 2026)
  • Inventories: 15,344.96 vs. 13,467.60 (Mar 31, 2026)
  • Trade Receivables: 13,352.51 vs. 14,718.59 (Mar 31, 2026)
  • Cash and Cash Equivalents: 3,869.16 vs. 3,589.64 (Mar 31, 2026)

Cash Flow Statement (₹ in Lakhs) for H1 FY27:

  • Net Cash from Operating Activities: 1,036.41
  • Net Cash Used in Investing Activities: (45.27)
  • Net Cash Used from Financing Activities: (1,085.49)
  • Net Decrease in Cash and Cash Equivalents: (94.35)

Limited Review Report by Statutory Auditors

R. Rampuria & Company, Chartered Accountants (FRN: 325211E), issued an unmodified limited review report on the unaudited financial results. The review was conducted under SRE 2410. Nothing came to their attention to suggest the statement was not prepared in accordance with AS 25 and SEBI LODR Regulations.

Notes to Financial Results

1. The financial results are prepared in accordance with AS prescribed under the Companies Act, 2013 and Regulation 33 of SEBI LODR.

2. The company is exempt from adopting Ind AS as its shares are listed on an SME exchange.

3. The company is primarily engaged in trading computers, laptops, mobiles, parts, and accessories, with no separate reportable segments.

4. No dividend is proposed for the period.

5. Figures for the half year ended March 31, 2026 (H2 FY26), are balancing figures between the audited full year and unpublished YTD figures.

6. EPS is calculated for the half year and is not annualized.

7. Previous period figures have been regrouped/reclassified where necessary.

Statement on Deviation/Variation of Funds

A statement was provided for the preferential allotment dated March 01, 2025, which raised ₹16,11,23,280. The Audit Committee and auditors confirmed there was no deviation or variation in the use of these funds for the quarter ended September 30, 2026.

The utilization of the proceeds was as follows against the original objects:

  • Capital Expenditure: Allocated 16% (₹2,57,79,724.80); Utilized ₹1,75,32,522.42
  • Working Capital: Allocated 62% (₹9,98,96,433.60); Utilized ₹9,98,96,433.60
  • General Corporate Purpose and Issue Expenses: Allocated 22% (₹3,54,47,121.60); Utilized ₹3,54,47,121.60
  • Total Utilized: ₹15,28,76,077.62

Related Party Transactions

A detailed statement of related party transactions for H1 FY27 was provided, encompassing transactions with key management personnel (KMPs), directors, and entities with common directors. The total value of transactions during the reporting period was ₹15,288.69 Lakhs. Major transaction types included remuneration, rent, reimbursements, and purchases/sales of goods and services.

Management Discussion & Analysis (MD&A) Highlights

The MD&A for H1 FY27 (ended September 30, 2026) reported the company's highest half-yearly revenue, EBITDA, and profitability in its history.

  • Revenue grew 31.0% YoY to ₹768.4 Cr (₹7,684 Mn).
  • EBITDA grew 24.0% YoY to ₹18.2 Cr (₹182 Mn).
  • PAT grew 57.1% YoY to ₹10.1 Cr (₹101 Mn).
  • EPS was ₹5.67.
  • Segmental Revenue (₹ Mn): Distribution (2,578), Retail (1,800), E-Commerce (1,426), Export (1,921).
  • The performance was achieved despite a weak industry backdrop (Indian smartphone shipments down 13% YoY in Q1 and 26% in Q2).
  • The strategy focused on retail expansion, deeper brand partnerships, and scaled-up exports.
  • The outlook for the remainder of FY27 includes sustaining double-digit growth, expanding the retail network from 77 to 105 stores, and targeting an EBITDA margin of 2.7–3.0%.

Compliance Certificate

A CEO/CFO certificate pursuant to Regulation 33(2)(a) was signed by Gaurav Goel (Managing Director) and Deepak Kumar Jha (CFO), certifying that the financial results do not contain any false or misleading statements.