Board Meeting Details

The Board of Directors meeting was held on November 14, 2026, at the registered office of the company. The meeting commenced at 12:15 PM and concluded at 2:00 PM.

Key Agenda Item Approved

The Board considered and approved the unaudited financial results for the quarter ended September 30, 2026, along with the limited review report issued by the statutory auditors, Sirohia & Co., Chartered Accountants.

Authorization

Shri Adit S Bafna (DIN: 00058663), Managing Director, was authorized to sign the financial results and arrange for their publication in newspapers and submission to the stock exchange. The Company Secretary was authorized to sign the resolution and forward it to the stock exchange.

Financial Results (Quarter Ended September 30, 2026)

The company reported the following financial performance for Q2 FY27 (all figures in ₹ lakhs):

  • Revenue from Operations: ₹289.67
  • Other Income: ₹3.77
  • Total Income: ₹293.44
  • Total Expenses: ₹110.83
  • Employee Benefits Expense: ₹15.79
  • Finance Costs: ₹49.92
  • Depreciation and Amortization: ₹5.00
  • Impairment Allowance on Loans: ₹0.00
  • Other Expenditure: ₹40.12
  • Profit Before Tax: ₹182.61
  • Tax Expense: ₹30.00 (Current Tax)
  • Profit for the Period: ₹152.61
  • Earnings Per Share (Basic and Diluted): ₹4.32
  • Paid-up Equity Share Capital: ₹353.49 (Face Value ₹10 per share)

Half-Year Performance (Six Months Ended September 30, 2026)

The company reported the following financial performance for H1 FY27 (all figures in ₹ lakhs):

  • Revenue from Operations: ₹543.91
  • Other Income: ₹6.97
  • Total Income: ₹550.88
  • Total Expenses: ₹191.71
  • Profit Before Tax: ₹359.17
  • Tax Expense: ₹60.00 (Current Tax)
  • Profit for the Period: ₹299.17
  • Earnings Per Share (Basic and Diluted): ₹8.46

Comparative Performance

  • Q2 FY27 Profit of ₹152.61 lakh is lower than the corresponding quarter of previous year (Q2 FY26: ₹170.75 lakh) but higher than the immediate previous quarter (Q1 FY27: ₹146.56 lakh).
  • H1 FY27 Profit of ₹299.17 lakh is higher than H1 FY26 profit of ₹293.04 lakh.

Limited Review Report

Statutory auditors, Sirohia & Co., Chartered Accountants (FRN: 003875S), issued a limited review report dated November 14, 2026. Based on their review, nothing came to their attention that causes them to believe that the unaudited financial results:

  • Were not prepared in accordance with Indian Accounting Standards (Ind AS)
  • Did not disclose the information required by SEBI Regulation 33 and circular CIR/CFD/FAC/62/2016 dated July 5, 2016
  • Contained any material misstatement

Statement of Assets and Liabilities (As at September 30, 2026)

Total Assets: ₹6,940.00 lakh

  • Financial Assets: ₹5,924.52 lakh
  • Cash & Cash Equivalents: ₹173.48 lakh
  • Other Bank Balances: ₹43.30 lakh
  • Loans: ₹5,679.56 lakh
  • Investments: ₹19.07 lakh
  • Other Financial Assets: ₹9.11 lakh
  • Non-Financial Assets: ₹1,015.48 lakh
  • Deferred Tax Assets: ₹2.70 lakh
  • Investment Property: ₹853.16 lakh
  • Property, Plant & Equipment: ₹138.18 lakh
  • Other Non-Financial Assets: ₹21.44 lakh

Total Liabilities & Equity: ₹6,940.00 lakh

  • Financial Liabilities: ₹2,473.15 lakh
  • Borrowings: ₹2,428.22 lakh
  • Other Financial Liabilities: ₹44.93 lakh
  • Non-Financial Liabilities: ₹83.55 lakh
  • Provisions: ₹17.23 lakh
  • Other Non-Financial Liabilities: ₹66.32 lakh
  • Equity: ₹4,383.29 lakh
  • Equity Share Capital: ₹353.49 lakh
  • Other Equity: ₹4,029.80 lakh

Cash Flow Statement (Half-Year Ended September 30, 2026)

  • Cash Flow from Operating Activities: Net outflow of ₹417.58 lakh
  • Cash Flow from Investing Activities: Net outflow of ₹137.76 lakh
  • Cash Flow from Financing Activities: Net inflow of ₹514.64 lakh
  • Net decrease in Cash and Cash Equivalents: ₹40.70 lakh
  • Cash and Cash Equivalents at beginning: ₹214.17 lakh
  • Cash and Cash Equivalents at end: ₹173.47 lakh

Related Party Transactions (As at September 30, 2026)

The company disclosed transactions with the following related parties:

  • Sri Chandraprabhu Agencies (Key Managerial Personnel is proprietor): Unsecured loan outstanding ₹384.56 lakh, interest paid ₹13.50 lakh
  • Sajjan Kanwar Bafna (Director): Unsecured loan outstanding ₹189.34 lakh, interest paid ₹4.34 lakh, remuneration ₹6.00 lakh
  • Mansi Chhog Impex Chennai Ltd (Common Director): Unsecured loan outstanding ₹1,193.31 lakh, interest paid ₹44.21 lakh
  • Manitha Mardia (Relative of KMP): Unsecured loan outstanding ₹137.08 lakh, interest paid ₹5.98 lakh
  • Suvrat Bafna (Relative of KMP): Unsecured loan outstanding ₹414.96 lakh, interest paid ₹17.82 lakh