Board Meeting Details
The Board of Directors meeting was held on 14th November 2026 at the Registered Office (C-22, Electronix Complex, Kushaiguda, Hyderabad-500062) from 11:30 AM to 3:00 PM.
Key Decisions and Notings
1. Director Resignation:
- Noted Circular Resolution passed on 5th November 2026 regarding resignation of Mr. Ramalakshmana Rao Pavuluri (DIN: 01852484) from office of Director
- Resignation effective from 6th October 2026
2. Financial Results Approval:
- Approved Unaudited Financial Results for half year ended 30th September 2026
- Limited Review Report issued by Statutory Auditors M/s. Dagliya & Co, Chartered Accountants pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015
3. Audit Committee Reconstitution:
- Noted Circular Resolution passed on 14th November 2026 regarding reconstitution of Audit Committee effective 14th November 2026
- New Committee Composition:
- Ms. Sridevi Madati (Independent Director) - Chairperson
- Mr. Maj Ravi Bandredddi (Independent Director) - Member
- Mr. Dovari Amarnath (Managing Director) - Member
Financial Results for Half Year Ended 30th September 2026 (₹ in Lakhs)
Income Statement:
- Revenue from operations: ₹10,636.81
- Other income: ₹84.20
- Total Income: ₹10,721.01
- Total Expenses: ₹9,307.26
- Profit before tax: ₹1,413.74
- Total tax expense: ₹205.02 (Current tax: ₹355.81, Tax adjustments of earlier years: ₹150.09, Deferred tax: ₹0.71)
- Net Profit: ₹1,208.72
Comparative Performance:
- Half Year Ended 31.03.2026: Net Profit ₹1,175.09
- Half Year Ended 30.09.2025: Net Profit ₹373.39
- Year Ended 31.03.2026: Net Profit ₹1,548.48
Per Share Data (Face value ₹10 each):
- Basic EPS: ₹7.63 (Half Year Ended 30.09.2026)
- Diluted EPS: ₹7.63 (Half Year Ended 30.09.2026)
- Comparative EPS: ₹9.71 (Half Year Ended 31.03.2026), ₹3.39 (Half Year Ended 30.09.2025), ₹13.39 (Year Ended 31.03.2026)
Capital Structure:
- Paid-up equity share capital: ₹1,748.49 lakhs
- Reserves excluding revaluation reserves: ₹11,015.27 lakhs (previous year: ₹3,980.03 lakhs)
Balance Sheet Position as at 30th September 2026 (₹ in Lakhs)
Equity and Liabilities:
- Shareholders' funds: ₹12,763.75
- Non-current liabilities: ₹323.57
- Current liabilities: ₹8,383.99
- Total: ₹21,471.31
Assets:
- Non-current assets: ₹658.91
- Current assets: ₹20,812.40 (Inventories: ₹9,193.93, Trade receivables: ₹2,504.22, Cash and cash equivalents: ₹4,126.87, Short-term loans and advances: ₹4,987.38)
- Total: ₹21,471.31
Cash Flow Statement for Half Year Ended 30th September 2026 (₹ in Lakhs)
- Net cash used in operating activities: ₹(2,626.80)
- Net cash used in investing activities: ₹(1,281.35)
- Net cash from financing activities: ₹5,465.39
- Net increase in cash and cash equivalents: ₹1,557.24
- Cash and cash equivalents at end: ₹4,126.87
Significant Events and Notes
IPO Completion:
- Completed Initial Public Offering of 47,00,000 equity shares of face value ₹10 each
- Issue price: ₹149 per share (including premium of ₹139 per share)
- Total issue size: ₹7,003.00 lakhs
- Shares allotted on 04.06.2026
- Shares listed on 08.06.2026
- Issue expenses of ₹706.48 lakhs adjusted against Securities Premium in accordance with Section 52 of Companies Act, 2013
Accounting Policies:
- Financial results prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting"
- Company operates in single business segment: manufacture of electronic products and assemblies
- EPS computed after adjusting for bonus issue of 94,38,195 equity shares in ratio 13:2 made in May 2025
- Tax adjustments of earlier years represent reversal of excess provision for income tax relating to earlier years
Regulatory Compliance:
- Results reviewed by Audit Committee and approved by Board of Directors on 14th November 2026
- Statutory Auditors issued unmodified review report
- Company listed on SME platform of BSE Limited
Auditor's Limited Review Report
- Dagliya & Co, Chartered Accountants (FRN: 000671) conducted review as per SRE 2410
- Review provides moderate assurance that financial results are free from material misstatement
- Unmodified conclusion issued on 14th November 2026