Exceptional Items (Profit on Sale of Assets): ₹336
Loss Before Tax: ₹(68)
Deferred Tax Income: ₹(34)
Loss from Continuing Operations: ₹(35)
Loss from Discontinued Operations: ₹(63)
Net Loss: ₹(97)
Total Comprehensive Loss: ₹(89)
Basic & Diluted EPS: ₹(2) per share
Half Year Ended 30th September 2026:
Revenue from Operations: ₹17,673
Other Income: ₹823
Total Income: ₹18,497
Net Loss: ₹(431)
Total Comprehensive Loss: ₹(411)
Basic & Diluted EPS: ₹(9) per share
Key Financial Figures - Consolidated (INR Lakhs)
Quarter Ended 30th September 2026:
Revenue from Operations: ₹9,067
Other Income: ₹187
Total Income: ₹9,254
Share of Profit from Joint Venture: ₹267
Profit Before Tax: ₹37
Net Profit from Continuing Operations: ₹70
Loss from Discontinued Operations: ₹(63)
Net Profit: ₹8
Total Comprehensive Income: ₹16
Basic & Diluted EPS: ₹(3) per share
Half Year Ended 30th September 2026:
Revenue from Operations: ₹17,673
Other Income: ₹201
Total Income: ₹17,874
Share of Profit from Joint Venture: ₹911
Net Loss: ₹(142)
Total Comprehensive Loss: ₹(122)
Basic & Diluted EPS: ₹(3) per share
Management Changes
Mr. U. Thenappan resigned as Chief Financial Officer effective 14th November 2026
Mr. R. Nambi Arooran appointed as Chief Financial Officer effective 14th November 2026
Mr. Gokul S Dixit (DIN: 0035170) appointed as Additional Director under non-independent category
Mr. B. Vaidyanathan (DIN: 00263983) resigned as Non-Independent Director effective 12th November 2026
Mr. B. Vaidyanathan appointed as Independent Director for five-year term subject to shareholders' approval
Board Approvals
Approved unaudited standalone and consolidated financial results for quarter and half year ended 30th September 2026
Approved notice of postal ballot
Approved reclassification of Mr. P. Manivannan from promoter category to public category
Authorized Dr. V. Rajesh, Company Secretary, to obtain shareholders' approval and file applications with stock exchanges for reclassification
Auditor's Review
Limited review conducted by M/s. Brahmayya & Co., Chartered Accountants, Chennai
Emphasis of Matter on Note 5 regarding management's turnaround initiatives:
Continued operational losses and suboptimal capacity utilization
Management initiatives include rationalizing operations, prioritizing high-value segments, cost optimization, and asset monetization
Company's ability to achieve operational profits dependent on successful implementation of these initiatives
Compliance Matters
Consolidated results include Group's share of net profit of ₹266.71 lakhs for quarter and ₹911.40 lakhs for half year from foreign joint venture Gruppo P&P Loyal SPA
Financial information of joint venture not subjected to review, resulting in non-compliance with Regulation 33(3)(h) of SEBI LODR
Company taking efforts to get joint venture financial results reviewed at earliest date
Capital Structure
Paid-up equity share capital: ₹482 lakhs (Face Value ₹10 per share)
Number of shares: 48.2 lakh shares
Operational Highlights
Business relates to Manufacturing of Textiles and Garments
Exceptional items include profit on sale of assets of ₹569.77 lakhs (current year) and ₹3,381.64 lakhs (previous year)
Previous year also included inventory impairment of ₹(3,646.60) lakhs and gratuity obligation impact of ₹(107) lakhs from New Labour Code
Company continues asset monetization of underutilized and non-core assets to reduce debt and strengthen liquidity
Management confident of achieving sustainable operational profitability in near future
Discontinued Operations Details
Quarter Ended 30th September 2026:
Revenue from Operations: ₹62.61 lakhs
Expenses: ₹(62.61) lakhs
Loss from Discontinued Operations: ₹(63) lakhs
Half Year Ended 30th September 2026:
Revenue from Operations: ₹184.73 lakhs
Expenses: ₹(180.65) lakhs
Loss from Discontinued Operations: ₹(181) lakhs
Tax Treatment
Losses from continuing and discontinued operations with exceptional items not resulting in any Current Tax
No Current Tax recognized for the period
Meeting Details
Board meeting held on 12th November 2026
Commenced at 1:00 PM and concluded at 5:50 PM
Previous intimation letter dated 5th November 2026
