Key Quantitative Figures

Standalone Financial Results (INR Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹31.40
  • Other Income: ₹144.48
  • Total Income: ₹175.88
  • Total Expenses: ₹113.48
  • Profit Before Tax: ₹62.40
  • Tax Expense: ₹14.90
  • Net Profit: ₹47.50
  • Total Comprehensive Income: ₹47.83

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹180.82
  • Other Income: ₹229.72
  • Total Income: ₹410.54
  • Total Expenses: ₹318.92
  • Profit Before Tax: ₹91.62
  • Tax Expense: ₹22.01
  • Net Profit: ₹69.61
  • Total Comprehensive Income: ₹70.25

Comparative Figures (Quarter Ended September 30, 2025):

  • Revenue from Operations: ₹276.59
  • Other Income: ₹198.08
  • Total Income: ₹474.67
  • Net Profit: ₹114.07

Consolidated Financial Results (INR Lakhs)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹18,480.71
  • Other Income: ₹8,535.76
  • Total Income: ₹18,853.69
  • Total Expenses: ₹17,747.21
  • Profit Before Tax: ₹1,106.48
  • Tax Expense: ₹575.14
  • Net Profit: ₹279.15
  • Total Comprehensive Income: ₹487.72
  • Net Profit Attributable to Owners: ₹277.40

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹11,864.17
  • Other Income: ₹65.67
  • Total Income: ₹11,929.84
  • Net Profit: ₹511.67

Cash Flow Statements (H1 FY27, INR Lakhs)

Standalone:

  • Net Cash from Operating Activities: (₹67.65)
  • Net Cash Used in Investing Activities: (₹827.44)
  • Net Cash from Financing Activities: ₹983.30
  • Net Increase in Cash: ₹88.21
  • Cash at End of Period: ₹118.21

Consolidated:

  • Net Cash from Operating Activities: ₹379.75
  • Net Cash Used in Investing Activities: (₹1,243.38)
  • Net Cash from Financing Activities: ₹901.40
  • Net Increase in Cash: ₹37.77
  • Cash at End of Period: ₹162.04

Dates of Action

  • Board Meeting Date: November 6, 2026 (4:30 PM to 6:00 PM)
  • Internal Auditor Resignation Effective: November 6, 2026
  • New Internal Auditor Appointment Effective: July 6, 2026 (retroactive)
  • Financial Period: Quarter and Half Year ended September 30, 2026

Parties Involved

Resigning Auditor: M/s. Ajit Tushar & Co., Chartered Accountants (Firm Registration No. 136343W)

New Auditor: M/s. KAPS & Co., Chartered Accountants (Firm Registration No. 156667W)

Statutory Auditors: Ambalal M. Shah & Co. (Firm Registration No. 100304W)

Subsidiaries: Maximus Global FZE, Maximus Lubricants LLC (formerly Pacific Lubricants LLC), MX Africa Limited, Quantum Lubricants (E.A.) Limited

Purpose or Rationale

Internal auditor resignation due to "disagreement of the professional fees as per our discussion with the management." New auditor appointed for three financial years commencing Q3 FY2027.

Financial Impact

Auditor change has no immediate quantified financial impact. Financial results show significant performance difference between standalone and consolidated operations, with consolidated operations demonstrating substantially larger scale.

Capital Structure

Paid-Up Equity Share Capital remains unchanged at ₹1,360.36 lakhs (13,603,600 shares of ₹1 each) across all periods presented.

Business Segments

Single primary business segment: "Manufacturing and Trading in Lubricant oil and other petro chemical products" with no other reportable segments per Indian Accounting Standards 108.

Foreign Subsidiaries Impact

Foreign subsidiaries contributed significantly to consolidated results:

  • Total Assets (before consolidation): ₹19,078.62 lakhs as of September 30, 2026
  • Total Income (before consolidation): ₹11,746.94 lakhs for H1 FY27
  • Net Profit After Tax (before consolidation): ₹40.24 lakhs for H1 FY27
  • Net Cash Outflows: ₹50.44 lakhs for period April 1, 2026 to September 30, 2026

Review Status

Unaudited results reviewed by Audit Committee and approved by Board of Directors. Statutory Auditors conducted limited review of both standalone and consolidated results.