Standalone Financial Performance (₹ in Lakhs)

Income Statement for Q1 FY2027 (Quarter ended June 30, 2026):

  • Net Sales/Income from Operations: ₹1,138.06
  • Other Income: ₹12.66
  • Total Income: ₹1,150.72
  • Total Expenses: ₹1,086.18
  • Profit Before Tax: ₹64.54
  • Tax Expense: ₹14.50 (Income Tax: ₹9.75, Deferred Tax: ₹4.75)
  • Net Profit for Period: ₹50.04
  • Earnings Per Share (₹10 face value): ₹0.08

Comparative Performance:

  • Q1 FY2027 Net Profit: ₹50.04 lakh vs Q1 FY2026: ₹158.96 lakh (YoY decline)
  • Q1 FY2027 Revenue: ₹1,138.06 lakh vs Q1 FY2026: ₹1,569.04 lakh (YoY decline)

Capital Structure Changes:

  • Paid-up equity share capital increased to ₹6,046.00 lakh from ₹1,510.00 lakh in previous quarter
  • Number of equity shares outstanding: 6,04,60,000 vs 1,51,00,000 in previous quarter
  • Face value per share: ₹10

Consolidated Financial Performance (₹ in Lakhs)

Income Statement for Q1 FY2027:

  • Net Sales/Income from Operations: ₹1,430.67
  • Other Income: ₹13.86
  • Total Income: ₹1,444.53
  • Total Expenses: ₹1,408.76
  • Profit Before Tax: ₹35.69
  • Tax Expense: ₹18.08 (Income Tax: ₹13.33, Deferred Tax: ₹4.75)
  • Net Profit for Period: ₹17.61

Significant Events and Transactions

Rights Issue Completion:

  • Completed Rights Issue of 4,53,00,000 Equity Shares aggregating to ₹45.30 Crores
  • Allotment finalized on April 7, 2026
  • Issue expenses of ₹67.79 lakh adjusted against Securities Premium Account

Subsidiary Acquisition:

  • Acquired remaining 70% equity stake (28,00,000 shares) in Arrowin Metaltech India Private Limited for ₹12.04 Crores
  • Acquisition completed on April 13, 2026, making Arrowin Metaltech a wholly owned subsidiary
  • Previous stake was 30% acquired in FY2025 for ₹417.90 lakh

Employee Stock Option Plan (ESOP):

  • 60,000 equity shares allotted to eligible employees during quarter
  • 8,000 stock options lapsed during quarter
  • No stock options outstanding as of June 30, 2026

Migration to BSE Main Board:

  • Migration process from BSE SME Platform to BSE Main Board deferred
  • Migration fee of ₹7.04 lakh charged to Statement of Profit and Loss
  • Company will reconsider migration upon availability of revised eligibility criteria/guidelines

Contingent Liabilities:

  • Disputed statutory dues from Income Tax Authorities: ₹0.22 lakh
  • Related to shortfall in TDS and interest thereon
  • No provision made as company doesn't anticipate material impact

Accounting and Compliance Notes

  • Financial results prepared in accordance with Indian GAAP (Accounting Standards under Companies Act, 2013)
  • Company exempt from Ind AS adoption as listed on SME Exchange
  • Single business segment: House Furnishing (manufacturing Kitchen Storage Accessories)
  • Figures subject to limited review by statutory auditors H. B. Kalaria & Associates
  • Audit committee and board approved results on September 8, 2026

Subsidiary Information

Consolidated results include:

  • Noggah Lifestyle Products Private Limited (Wholly Owned Subsidiary)
  • Arrowin Metaltech India Private Limited (Wholly Owned Subsidiary)
  • HA & DL Holdings Pte. Ltd. (Wholly Owned Subsidiary)

Auditor's Review

  • Independent auditors H. B. Kalaria & Associates conducted limited review
  • Conclusion: No material misstatement found in financial results
  • Subsidiary financial information certified by management and not reviewed by auditors