Financial Performance Summary

Standalone Results (₹ in Lacs):

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹13,054.54
  • Other income: ₹54.05
  • Total income: ₹13,108.59
  • Total expenses: ₹13,307.74
  • Loss before tax: ₹(199.14)
  • Tax benefit: ₹(178.01)
  • Net loss: ₹(21.14)
  • Basic EPS: ₹(0.03)
  • Diluted EPS: ₹(0.03)

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹25,395.17
  • Other income: ₹87.58
  • Total income: ₹25,482.75
  • Total expenses: ₹26,081.11
  • Loss before tax: ₹(598.34)
  • Tax expense: ₹250.49
  • Net loss: ₹(848.84)
  • Basic EPS: ₹(1.01)
  • Diluted EPS: ₹(1.01)

Consolidated Results (₹ in Lacs):

Quarter Ended September 30, 2026:

  • Net loss: ₹(21.14)
  • Basic EPS: ₹(0.03)
  • Diluted EPS: ₹(0.03)

Half Year Ended September 30, 2026:

  • Net loss: ₹(849.01)
  • Basic EPS: ₹(1.01)
  • Diluted EPS: ₹(1.01)

Segment-wise Performance (Standalone)

Paper Segment:

  • Q2 Revenue: ₹10,820.64 lakhs
  • Q2 Segment result: ₹511.46 lakhs
  • Half-year Revenue: ₹21,047.60 lakhs
  • Half-year Segment result: ₹887.09 lakhs

Hotel Segment:

  • Q2 Revenue: ₹2,287.95 lakhs
  • Q2 Segment result: ₹333.64 lakhs
  • Half-year Revenue: ₹4,435.15 lakhs
  • Half-year Segment result: ₹478.94 lakhs

Key Auditor Observations

1. SEBI Penalty Matter: SEBI Executive Director order dated May 31, 2023 (No. QJA/SP/CFID/FID-SEC4/26875/2023-24) imposed penalty of ₹12,00,000 on company and collectively ₹54,00,000 on directors/KMPs. Directors were restrained from accessing securities market and prohibited from buying/selling/dealing in securities for one year. Company appealed to Securities Appellate Tribunal (SAT), which did not provide interim relief and directed deposit of penalty amount. Company deposited penalty and matter was listed on October 5, 2026, then adjourned to December 1, 2026. Provision of ₹12,00,000 made in books.

2. Inventory Verification: Auditors unable to comment on physical verification of inventory, adequacy, quantity, pricing, and valuation methods - relied on management certification.

3. Fixed Assets Verification: Auditors unable to comment on physical verification of Property, Plant & Equipment, existence, and valuation methods.

4. Bank of Baroda Deposit: Company made deposits of ₹300.00 lakhs with Bank of Baroda to cover expenses for withdrawing cases filed against company.

5. Balance Confirmations: Debtors, creditors, and advances balances as of September 30, 2026 are subject to confirmation and reconciliation - consequential effect unascertained.

6. Trade Receivables: Total trade receivables of ₹5,549.78 lakhs, with ₹290.24 lakhs outstanding over six months, of which ₹266.62 lakhs are under litigation.

Capital Structure

  • Paid-up equity share capital: ₹6,841.13 lakhs (Face value ₹10 per share)
  • Outstanding redeemable preference shares: ₹325.00 lakhs
  • Outstanding debt excluding lease liabilities: ₹27,451.03 lakhs

Significant Events and Updates

1. NCD Redemption: Company partially redeemed Non-Convertible Debentures amounting to ₹163 lakhs on September 30, 2026.

2. NCLT Order: National Company Law Tribunal pronounced order on September 22, 2026 regarding Scheme of Arrangement between Magnum Ventures Limited and Magnum Paperz Limited.

3. New NCD Issuance: Company issued 18% Listed, secured, rated, redeemable, taxable Non-Convertible Debentures of ₹5,000 lakhs on June 16, 2026 through private placement.

4. NCD Proceeds Utilization: As of September 30, 2026, utilized ₹2,064.22 lakhs out of ₹5,000 lakhs raised, primarily for working capital (₹2,038.99 lakhs) and transaction expenses (₹25.23 lakhs). No deviation in utilization.

Financial Position (Standalone as of September 30, 2026)

Assets:

  • Total assets: ₹125,633.99 lakhs
  • Property, plant and equipment: ₹97,994.68 lakhs
  • Inventories: ₹13,378.27 lakhs
  • Trade receivables: ₹5,549.78 lakhs
  • Cash and cash equivalents: ₹742.52 lakhs

Liabilities and Equity:

  • Total equity: ₹68,129.37 lakhs
  • Borrowings: ₹27,451.04 lakhs
  • Lease liabilities: ₹3,125.10 lakhs
  • Trade payables: ₹5,822.60 lakhs (including ₹1,604.43 lakhs to micro/small enterprises)

Cash Flow (Standalone Half Year Ended September 30, 2026)

  • Net cash from operations: ₹1,287.90 lakhs
  • Net cash used in investing activities: ₹(2,793.70) lakhs
  • Net cash from financing activities: ₹1,836.20 lakhs
  • Net change in cash: ₹330.41 lakhs

Key Ratios (Standalone)

  • Current ratio: 2.39
  • Debt-equity ratio: 0.40
  • Debt service coverage ratio: 0.57
  • Return on equity: -0.01
  • Interest service coverage ratio: 0.69

Related Party Transactions

Multiple transactions with directors, their relatives, and related entities including loans, remuneration, and purchases/sales totaling approximately ₹1,400 lakhs during the period.

Auditor Certification

Manish Pandey & Associates provided certificate on maintenance of security cover for secured listed non-convertible debt securities, confirming adequate security cover of 6.35x on book value and 5.83x on market value as of September 30, 2026.

Compliance Status

  • No investor complaints pending during the quarter
  • Financial results approved by Audit Committee and Board of Directors on November 14, 2026
  • Results available on company website and stock exchange websites