Board Meeting Outcomes

The Board of Directors at its meeting held on November 06, 2026:

1. Approved the standalone unaudited financial results of the company for the quarter and half year ended September 30, 2026, along with the Limited Review Report of the Statutory Auditors

2. Based on the recommendation of the Nomination and Remuneration Committee (NRC), approved the appointment of Mr. Vishal Narendrakumar Vora (Membership No.: A16140) as Company Secretary & Compliance Officer in Whole Time Employment designated as Key Managerial Personnel (KMP) of the company with effect from December 01, 2026

The Board meeting commenced at 03:15 PM and concluded at 04:00 PM.

Financial Results Highlights (Quarter Ended September 30, 2026)

Income Statement (Amounts in ₹ lakhs):

  • Revenue from Operations: ₹0.00 (consistent with previous periods)
  • Other Income: ₹12.30 (comprising miscellaneous income)
  • Total Income: ₹12.30
  • Employee Benefits Expense: ₹3.26
  • Depreciation and Amortization: ₹0.21
  • Other Expenses: ₹2.66 (including professional and consulting expenses)
  • Total Expenses: ₹6.13
  • Profit Before Tax: ₹6.17
  • Tax Expense: ₹0.00
  • Net Profit for the Quarter: ₹6.17
  • Earnings Per Share (Basic and Diluted): ₹0.20

Half Year Performance (April-September 2026):

  • Total Income: ₹20.72
  • Total Expenses: ₹15.50
  • Profit Before Tax: ₹5.22
  • Net Profit: ₹5.22
  • Earnings Per Share: ₹0.169

Comparative Performance:

  • Q2 FY26 Net Profit: ₹5.82 lakh (current quarter shows improvement)
  • Half Year FY26 Net Loss: ₹(0.74) lakh (current half year shows significant improvement)

Balance Sheet Position (As at September 30, 2026)

Assets (₹ lakhs):

  • Cash and Cash Equivalents: ₹1.48
  • Bank Balances other than cash: ₹14.56
  • Investments: ₹1,201.75
  • Property, Plant and Equipment: ₹3.24
  • Other Intangible Assets: ₹2.13
  • Other Non-financial Assets: ₹4.72
  • Total Assets: ₹1,227.89

Liabilities and Equity (₹ lakhs):

  • Trade Payables: ₹506.67
  • Borrowings: ₹117.50
  • Other Financial Liabilities: ₹38.94
  • Provisions: ₹5.46
  • Other Non-financial Liabilities: ₹0.15
  • Equity Share Capital: ₹308.94 (Face value ₹10/- each)
  • Other Equity: ₹250.23
  • Total Liabilities and Equity: ₹1,227.89

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

  • Net Cash Flow from Operating Activities: ₹(11.52) lakh
  • Net Cash Flow from Investing Activities: ₹20.48 lakh
  • Net Cash Flow from Financing Activities: ₹0.00
  • Net Increase in Cash: ₹8.96 lakh
  • Cash and Equivalents at Period End: ₹16.04 lakh

Key Managerial Personnel Updates

Following the appointment of the new Company Secretary, the updated contact details of Key Managerial Personnel authorized for disclosures under Regulation 30(5) of SEBI Listing Regulations are:

1. Bhavna D. Mehta - Managing Director

2. Mitesh T. Sheth - Chief Financial Officer (CFO)

3. Vishal N. Vora - Company Secretary & Compliance Officer (w.e.f. 01.12.2026) - Contact: +91-9377578519

Auditor's Review

Statutory auditors Asim Bavindra & Associates conducted a limited review of the financial results as per Regulation 33 of SEBI LODR Regulations and concluded that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.

Additional Information

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and previous year figures have been regrouped where necessary. The company operates in a single segment and segmental reporting is not applicable. The results are available on the BSE website and the company's website.