Board Meeting Details
The Board of Directors meeting was held on Monday, 02nd November 2026, starting at 05:00 PM and concluding at 05:30 PM.
Agenda Items Approved
1. Approval of Unaudited Financial Results
On the recommendation of the Audit Committee, the Board considered and approved the Unaudited Financial Results of the Company for the quarter ending September 30, 2026.
The company enclosed the following documents:
- Unaudited Financial Results for the quarter ended September 30, 2026
- Limited Review Report on the said Unaudited Financial Results received from the Statutory Auditors (K P C M & Co., Chartered Accountants, Firm Registration No. 117390W)
2. Resignation of Company Secretary & Compliance Officer
The Board accepted the resignation of Mr. Jayesh Laxmanbhai Bhavsar (ACS 47954) from the post of Company Secretary & Compliance Officer and Key Managerial Personnel of the Company.
Resignation Details:
- Resignation letter dated: 2nd November 2026
- Effective from: Closing of business hours of 2nd November 2026
- Reason: Personal reasons and other commitments
Financial Results Summary (Quarter Ended September 30, 2026)
Income Statement (₹ in Lakhs)
Quarterly Performance (Q2 FY27 vs Q2 FY26):
- Revenue from operations: ₹153.30 lakh (vs ₹68.34 lakh in Q2 FY26)
- Interest Income: ₹153.30 lakh (vs ₹68.14 lakh)
- Sales: ₹0.00 lakh (vs ₹0.20 lakh)
- Other Income: ₹0.00 lakh (vs ₹0.69 lakh)
- Total Income: ₹153.30 lakh (vs ₹69.03 lakh)
- Total Expenses: ₹41.54 lakh (vs ₹11.90 lakh)
- Profit before tax: ₹111.76 lakh (vs ₹57.13 lakh)
- Tax Expenses: ₹28.13 lakh (vs ₹28.51 lakh)
- Current Tax: ₹28.13 lakh (vs ₹23.75 lakh)
- Deferred Tax: ₹0.00 lakh (vs ₹4.76 lakh)
- Profit for the period: ₹83.63 lakh (vs ₹33.38 lakh)
- Transfer to Statutory Reserve: ₹16.73 lakh
- Profit transfer to Reserves: ₹66.90 lakh
Half-Yearly Performance (H1 FY27 vs H1 FY26):
- Revenue from operations: ₹238.80 lakh (vs ₹100.42 lakh)
- Other Income: ₹25.60 lakh (vs ₹25.60 lakh)
- Total Income: ₹264.40 lakh (vs ₹126.02 lakh)
- Total Expenses: ₹111.34 lakh (vs ₹34.68 lakh)
- Profit before tax: ₹153.06 lakh (vs ₹91.34 lakh)
- Tax Expenses: ₹67.72 lakh (vs ₹23.75 lakh)
- Current Tax: ₹38.52 lakh (vs ₹23.75 lakh)
- Taxes relating to prior year: ₹29.20 lakh (vs ₹0.00 lakh)
- Profit for the period: ₹80.58 lakh (vs ₹67.59 lakh)
Capital Structure
- Paid-up equity share capital: ₹228.35 lakh (Face Value of ₹10 each)
- Previous periods: ₹95.15 lakh (as of March 31, 2026 and September 30, 2025)
Earnings Per Share (₹)
- Basic EPS: ₹2.93 for Q2 FY27 (vs ₹2.81 for Q2 FY26)
- Diluted EPS: ₹2.93 for Q2 FY27 (vs ₹2.81 for Q2 FY26)
- Half-yearly Basic EPS: ₹3.53 (vs ₹5.68)
- Half-yearly Diluted EPS: ₹3.53 (vs ₹5.68)
Balance Sheet Position (as of September 30, 2026)
Assets (₹ in Lakhs)
- Total Assets: ₹3,621.99 lakh
- Financial assets: ₹3,617.32 lakh
- Cash & cash equivalents: ₹10.35 lakh
- Loans: ₹3,606.97 lakh
- Non-financial assets: ₹4.68 lakh
- Current tax assets (Net): ₹4.68 lakh
Liabilities and Equity (₹ in Lakhs)
- Total Liabilities and Equity: ₹3,621.99 lakh
- Financial Liabilities: ₹5.14 lakh
- Other financial liabilities: ₹5.14 lakh
- Non-Financial Liabilities: ₹257.81 lakh
- Provisions: ₹3.71 lakh
- Current tax liabilities: ₹66.65 lakh
- Other non-financial liabilities: ₹187.45 lakh
- Equity: ₹3,359.04 lakh
- Equity share capital: ₹2,283.52 lakh
- Other equity: ₹1,075.52 lakh
Cash Flow Statement (for period ended September 30, 2026)
Operating Activities (₹ in Lakhs)
- Net cash from operating activities: ₹16.22 lakh
- Cash generated from operations: ₹44.35 lakh
- Taxes paid: ₹28.13 lakh
Investing Activities (₹ in Lakhs)
- Net cash used in investing activities: ₹(153.30) lakh
- Interest income: ₹(153.30) lakh
Financing Activities (₹ in Lakhs)
- Net cash from financing activities: ₹140.75 lakh
- Proceeds from Long Term Borrowing: ₹140.75 lakh
Net Change in Cash
- Net increase in cash: ₹3.67 lakh
- Opening cash balance: ₹6.66 lakh
- Closing cash balance: ₹10.35 lakh
Auditor's Review
K P C M & Co., Chartered Accountants issued a limited review report stating that nothing has come to their attention that causes them to believe that the accompanying Statement of unaudited standalone financial results contains any material misstatement. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410.