Board Meeting Details

The Board of Directors meeting was held on November 12, 2026, from 03:00 PM to 06:30 PM at the company's registered office in Delhi.

Key Decisions Approved

1. Financial Results: Considered and approved the Unaudited Standalone & Consolidated Financial Results for the half year ended September 30, 2026, as reviewed by the Audit Committee.

2. Internal Auditor Appointment: Appointed M/s. Mukesh Madaan & Company as Internal Auditor for five financial years from April 1, 2026 to March 31, 2031. The firm is led by CA Mukesh Madaan with over 10 years of experience in audit, taxation, and financial advisory.

3. Secretarial Auditor Appointment: Appointed M/s. Aanal Mehta & Associates as Secretarial Auditor for FY 2026-27. The firm specializes in secretarial audits, corporate law advisory, and SEBI compliance.

Financial Results - Standalone (All figures in lakhs of ₹)

For Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹4,865.40
  • Other Income: ₹52.39
  • Total Revenue: ₹4,917.79
  • Total Expenses: ₹4,633.00
  • Profit Before Tax: ₹284.79
  • Tax Expense: ₹74.32 (Current Tax: ₹71.67, Deferred Tax: ₹2.65)
  • Net Profit: ₹210.47
  • Paid-up Equity Share Capital: ₹1,634.51
  • Basic & Diluted EPS: ₹1.29

Comparative Figures (Half Year Ended September 30, 2025):

  • Revenue from Operations: ₹4,436.99
  • Net Profit: ₹213.26
  • Basic & Diluted EPS: ₹1.72

Balance Sheet Position (Standalone as of September 30, 2026)

  • Total Equity and Liabilities: ₹8,548.52
  • Share Capital: ₹1,634.51
  • Reserves and Surplus: ₹5,900.34
  • Non-Current Investments: ₹2,184.00
  • Cash and Bank Balances: ₹1,641.35
  • Inventories: ₹995.30
  • Trade Receivables: ₹2,584.85

Cash Flow Statement (Standalone)

  • Cash from Operating Activities: (₹234.74)
  • Cash from Investing Activities: (₹1,987.97)
  • Cash from Financing Activities: ₹3,857.72
  • Net Increase in Cash: ₹1,635.02

Financial Results - Consolidated (All figures in lakhs of ₹)

For Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹7,850.41
  • Other Income: ₹2.09
  • Total Revenue: ₹7,852.50
  • Total Expenses: ₹6,637.36
  • Profit Before Tax: ₹1,215.14
  • Tax Expense: ₹224.17 (Current Tax: ₹226.45, Deferred Tax: (₹2.28))
  • Net Profit: ₹990.97
  • Basic & Diluted EPS: ₹6.06

Subsidiaries Included:

  • Dewdrop Bottles Private Limited (100% owned)
  • Speedex Online Private Limited (100% owned)

IPO Proceeds Utilization

The company completed its Initial Public Offering with gross proceeds of ₹6,410.30 lakhs through issuance of 34,46,400 equity shares of ₹10 each at ₹186 per share (including premium of ₹176 per share). Shares were listed on BSE SME Platform on September 18, 2026.

Utilization as of September 30, 2026:

  • Repayment of borrowings: ₹2,410.43 lakhs (fully utilized)
  • Capital expenditure: ₹192.02 lakhs (of allocated ₹2,141.58 lakhs)
  • General corporate purposes: ₹624.30 lakhs (of allocated ₹961.23 lakhs)
  • Issue expenses: ₹758.24 lakhs (of allocated ₹897.06 lakhs)
  • Total utilized: ₹3,984.99 lakhs
  • Unutilized amount: ₹2,425.31 lakhs (lying in escrow and current accounts)

Trading Window Closure

The trading window was closed from October 1, 2026, and remained closed until 48 hours after the declaration of financial results.

Auditor Review

APV & Associates, Chartered Accountants (FRN: 0123143N), issued unmodified limited review reports on both standalone and consolidated financial results dated November 12, 2026.

Business Segment

The company is engaged in manufacturing and trading of stainless steel kitchen and household products including water bottles, pressure cookers, feeding bottles, insulated steel bottles and vacuum flasks.