Board Meeting Details

The Board of Directors meeting was held on November 13, 2026, commencing at 03:30 p.m. and concluding at 04:00 p.m. The board considered and approved the unaudited standalone financial results along with the limited review report.

Financial Results - Quarter Ended September 30, 2026

Income Statement (₹ in Lakhs):

  • Sale/Income from operations: ₹5,009.45
  • Other Income: ₹4.48
  • Total Income: ₹5,013.93

Expenses:

  • Cost of material consumed: ₹2,091.79
  • Changes in inventories: (₹1.98)
  • Employee Benefits expense: ₹365.94
  • Finance Costs: ₹148.83
  • Depreciation and Amortization expense: ₹198.34
  • Power and Fuel: ₹972.02
  • Other expenses: ₹1,057.08
  • Total Expenses: ₹4,832.00

Profitability:

  • Profit before exceptional items and tax: ₹181.93
  • Exceptional items: None
  • Profit before tax: ₹181.93

Tax Expenses:

  • Current tax: ₹45.84
  • Earlier year tax adjustment/MET credit: ₹0.66
  • Deferred tax: (₹36.63)
  • Total tax: ₹9.87

Net Result:

  • Net Profit for the quarter: ₹172.06
  • Other Comprehensive Income: None
  • Total Comprehensive Income: ₹172.06

Per Share Data:

  • Basic EPS: ₹1.23
  • Diluted EPS: ₹1.23
  • Paid-up equity share capital: ₹1,400.00 lakhs (140 lakh shares of ₹10 each)

Financial Results - Half Year Ended September 30, 2026

Income Statement (₹ in Lakhs):

  • Sale/Income from operations: ₹11,325.63
  • Other Income: ₹14.32
  • Total Income: ₹11,339.95

Expenses:

  • Total Expenses: ₹10,934.83

Profitability:

  • Profit before tax: ₹405.12
  • Tax expenses: ₹105.95
  • Net Profit for the period: ₹299.17
  • Total Comprehensive Income: ₹299.17

Per Share Data:

  • Basic EPS: ₹2.14
  • Diluted EPS: ₹2.14

Comparative Figures

Quarter Comparison (₹ in Lakhs):

  • September 2026 vs June 2026: Revenue decreased from ₹6,316.18 to ₹5,009.45; Net profit decreased from ₹122.38 to ₹172.06
  • September 2026 vs September 2025: Revenue increased from ₹4,307.63 to ₹5,009.45; Net profit decreased from ₹219.16 to ₹172.06

Half Year Comparison (₹ in Lakhs):

  • September 2026 vs September 2025: Revenue increased from ₹9,654.11 to ₹11,325.63; Net profit decreased from ₹358.74 to ₹299.17

Balance Sheet Position as at September 30, 2026 (₹ in Lakhs)

Assets:

  • Total assets: ₹20,042.38
  • Non-current assets: ₹9,094.44 (including Property, plant and equipment: ₹8,006.21)
  • Current assets: ₹10,947.94 (including Inventories: ₹7,250.54, Trade receivables: ₹2,358.70)

Equity and Liabilities:

  • Total equity: ₹6,054.10 (Equity share capital: ₹1,400.00, Other equity: ₹4,654.10)
  • Non-current liabilities: ₹4,478.88
  • Current liabilities: ₹9,509.41
  • Total liabilities: ₹13,988.28

Cash Flow Statement - Half Year Ended September 30, 2026 (₹ in Lakhs)

  • Cash flow from Operating Activities: ₹584.63
  • Cash flow from Investing Activities: (₹157.30)
  • Cash flow from Financing Activities: (₹427.44)
  • Net decrease in Cash and Cash Equivalents: (₹0.11)
  • Opening cash balance: ₹207.87
  • Closing cash balance: ₹207.76

Auditor's Review

Sanjay Sangal & Associates, Chartered Accountants (Firm Registration No. 006932C) issued a limited review report stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement. The review was conducted by CA Manish Kumar, Partner (Membership No. 406325).

Additional Information

  • The financial results were reviewed by the Audit Committee before submission to the Board
  • Operations fall under a single reportable segment: Manufacturing of Paper products
  • Figures for previous periods have been regrouped/reclassified where necessary
  • No statement of deviation or variation required
  • No default on debt securities
  • No audit qualifications impacting the results