Board Meeting Outcomes

The Board of Directors meeting held on November 12, 2026 (3:00 PM to 6:20 PM) approved:

1. Unaudited Standalone and Consolidated Financial Results for Q2 and H1 ended September 30, 2026

2. Resignation of Mr. Sandipan Lai (Mem No. A68420) as Company Secretary & Compliance Officer (Key Managerial Personnel) effective close of business hours on November 12, 2026

Financial Results - Standalone (₹ in lakhs)

Quarterly Performance

  • Q2 FY27: Revenue ₹3,463.33, Net Profit ₹261.00, EPS ₹0.03
  • Q1 FY27: Revenue ₹1,928.72, Net Profit ₹123.25, EPS ₹0.02
  • Q2 FY26: Revenue ₹1,473.53, Net Profit ₹134.34, EPS ₹0.04

Half-Yearly Performance

  • H1 FY27: Revenue ₹5,392.05, Net Profit ₹384.26, EPS ₹0.03
  • H1 FY26: Revenue ₹2,398.48, Net Profit ₹212.43, EPS ₹0.06
  • FY26 Annual: Revenue ₹10,307.64, Net Profit ₹735.60, EPS ₹0.10

Revenue Breakdown (Q2 FY27)

  • Revenue from Operations: ₹3,358.82
  • Other Income: ₹104.51

Expense Breakdown (Q2 FY27)

  • Cost of Materials Consumed: ₹2,374.89
  • Purchases of Stock-in-trade: ₹2,659.57
  • Changes in inventories: (₹2,245.83)
  • Employee benefits: ₹9.13
  • Finance Cost: ₹165.09
  • Depreciation: ₹7.30
  • Other Expenses: ₹131.58

Tax Expenses (Q2 FY27)

  • Current Tax: ₹101.55
  • Deferred Tax: (₹0.96)
  • Total Tax: ₹100.59

Financial Results - Consolidated (₹ in lakhs)

Quarterly Performance

  • Q2 FY27: Revenue ₹3,731.34, Net Profit ₹264.24, EPS ₹0.03
  • Q1 FY27: Revenue ₹2,232.67, Net Profit ₹126.12, EPS ₹0.02
  • Q2 FY26: Revenue ₹2,233.45, Net Profit ₹184.35, EPS ₹0.05

Half-Yearly Performance

  • H1 FY27: Revenue ₹5,964.01, Net Profit ₹390.32, EPS ₹0.05
  • H1 FY26: Revenue ₹4,091.44, Net Profit ₹294.96, EPS ₹0.08

Assets and Liabilities Position (Standalone)

As at September 30, 2026 (₹ in lakhs)

  • Total Assets: ₹32,087.40 (vs ₹28,381.87 as at March 31, 2026)
  • Shareholders' Funds: ₹24,418.05 (vs ₹21,923.03)
  • Current Liabilities: ₹6,836.75 (vs ₹6,428.05)
  • Non-Current Liabilities: ₹832.60 (vs ₹30.79)

Key Asset Components

  • Property, Plant and Equipment: ₹158.90
  • Capital Work-in-Progress: ₹1,921.30
  • Inventories: ₹3,020.02
  • Trade Receivables: ₹4,676.42
  • Cash and Cash Equivalents: ₹105.35

Cash Flow Statement (Standalone H1 FY27)

  • Net Cash from Operating Activities: ₹202.09
  • Net Cash used in Investing Activities: (₹2,110.45)
  • Net Cash from Financing Activities: ₹1,906.84
  • Net Decrease in Cash: (₹1.52)

Segment Reporting (Consolidated)

The company reports under two segments:

1. Sale of Services: Q2 FY27 Revenue ₹1,104.04, Segment Result ₹459.14

2. Sale of Goods: Q2 FY27 Revenue ₹2,562.63, Segment Result ₹162.04

Subsidiary and Associate Information

  • Subsidiary: Mehai Aqua Private Limited (Total assets: ₹5,608.71 lakh, Revenue: ₹619.29 lakh, Net profit: ₹6.06 lakh for H1 FY27)
  • Associate: Mehai Manjeera Enterprise Private Limited (incorporated August 28, 2026, financial results not material for H1 FY27)

Auditor's Review Report

Statutory Auditor S.K. Basu & Co issued unmodified review reports for both standalone and consolidated financial results, but included an Emphasis of Matter noting "There is scope for improvement in the internal control system of the Company."

Management Change

Mr. Sandipan Lai resigned as Company Secretary & Compliance Officer effective November 12, 2026, citing personal reasons. He confirmed no other material reasons for resignation beyond those stated in his resignation letter.