Board Meeting Details

The Board of Directors meeting was held on November 03, 2026, at the Registered Office of the Company, commencing at 11:00 AM and concluding at 12:00 PM.

Key Decisions Taken

1. Approved unaudited financial results for quarter and half year ended September 30, 2026, along with Limited Review Report dated November 03, 2026, issued by Parth R. Shah and Co., Chartered Accountants

2. Considered and taken on record reports on compliance with laws applicable to the Company and ensuring adequacy of Legal Compliance System as per Regulation 17(3) of SEBI (LODR) Regulations, 2015

3. Approved all other businesses as per the agenda circulated

Financial Results Summary (Quarter Ended September 30, 2026)

  • Revenue from operations: Rs 559.21 lakhs (compared to Rs 586.99 lakhs in Q2 FY2026)
  • Other income: Rs 1.11 lakhs (compared to Rs 3.64 lakhs in Q2 FY2026)
  • Total income: Rs 560.32 lakhs (compared to Rs 590.63 lakhs in Q2 FY2026)
  • Total expenses: Rs 505.01 lakhs (compared to Rs 576.80 lakhs in Q2 FY2026)
  • Profit before tax: Rs 55.31 lakhs (compared to Rs 13.83 lakhs in Q2 FY2026)
  • Tax expense: Current tax Rs 1.36 lakhs, Deferred tax Rs 0.00 lakhs
  • Net profit for the quarter: Rs 4.15 lakhs (compared to Rs 10.34 lakhs in Q2 FY2026)
  • Earnings per share (basic & diluted): Rs 0.08 (compared to Rs 0.02 in Q2 FY2026)

Financial Results Summary (Half Year Ended September 30, 2026)

  • Revenue from operations: Rs 1,148.20 lakhs (compared to Rs 1,241.46 lakhs in H1 FY2026)
  • Other income: Rs 2.75 lakhs (compared to Rs 30.39 lakhs in H1 FY2026)
  • Total income: Rs 1,150.96 lakhs (compared to Rs 1,271.85 lakhs in H1 FY2026)
  • Total expenses: Rs 1,081.87 lakhs (compared to Rs 1,319.42 lakhs in H1 FY2026)
  • Profit before tax: Rs 69.14 lakhs (compared to Rs 226.93 lakhs in H1 FY2026)
  • Tax expense: Current tax Rs 7.31 lakhs, Deferred tax Rs 0.00 lakhs
  • Net profit for the period: Rs 51.83 lakhs (compared to Rs 66.73 lakhs in H1 FY2026)
  • Earnings per share (basic & diluted): Rs 0.40 (compared to Rs 0.34 in H1 FY2026)

Balance Sheet Position (As at September 30, 2026)

  • Total assets: Rs 2,611.83 lakhs (compared to Rs 2,202.13 lakhs as at March 31, 2026)
  • Equity share capital: Rs 494.16 lakhs (unchanged from March 31, 2026)
  • Other equity: Rs (22.23) lakhs (improved from Rs (74.06) lakhs as at March 31, 2026)
  • Total equity: Rs 471.93 lakhs (improved from Rs 420.10 lakhs as at March 31, 2026)
  • Non-current borrowings: Rs 732.05 lakhs (increased from Rs 699.57 lakhs as at March 31, 2026)
  • Current borrowings: Rs 609.98 lakhs (increased from Rs 520.61 lakhs as at March 31, 2026)

Cash Flow Statement (Six Months Ended September 30, 2026)

  • Cash flow from operating activities: Rs 68.02 lakhs (improved from negative Rs 64.16 lakhs in H1 FY2026)
  • Cash flow from investing activities: Negative Rs 133.59 lakhs (compared to positive Rs 31.56 lakhs in H1 FY2026)
  • Cash flow from financing activities: Positive Rs 66.27 lakhs (compared to negative Rs 254.42 lakhs in H1 FY2026)
  • Net decrease in cash and cash equivalents: Rs 0.70 lakhs (compared to negative Rs 3.00 lakhs in H1 FY2026)
  • Closing cash and cash equivalents: Rs 1.06 lakhs (compared to Rs 0.85 lakhs in H1 FY2026)

Important Notes to Financial Results

1. Financial results reviewed by Audit Committee and approved by Board of Directors on November 03, 2026

2. Statutory auditor conducted limited review of results for quarter ended September 30, 2026

3. Managing Director and CFO issued certificate under Regulation 33(2)(a) of SEBI (LODR) Regulations, 2015

4. Financial results prepared in accordance with Indian Accounting Standards (Ind AS)

5. Company incurred cash losses in preceding financial years and executed debt restructuring scheme in FY2021-22

6. Company expects to generate operational cash inflows in near future to meet obligations

7. Financial information prepared on going concern basis

8. Increase in other income during year ended March 31, 2026, was due to profit on sale of leasehold land

Auditor's Limited Review Report

  • Parth R. Shah and Co., Chartered Accountants conducted limited review
  • Review performed in accordance with Standard on Review Engagements (SRE) 2410
  • Nothing came to attention causing belief that statement contains material misstatement
  • Auditors drew attention to Note 6 regarding going concern basis preparation, without qualifying opinion