1. Considered and approved the Unaudited Financial Results and Limited Review report of the Company for the quarter and half year ended September 30, 2026.

2. Considered and approved the signing of a New Joint Development Agreement (JDA) and power of attorney for the development of property situated at Vilankurichi.

Financial Results for Quarter Ended September 30, 2026 (Unaudited)

  • Revenue from operations: ₹175.31 lakh
  • Other Income: ₹1.44 lakh
  • Total Revenue: ₹176.75 lakh
  • Total Expenses: ₹221.38 lakh
  • Profit/(Loss) before exceptional items and tax: (₹44.63) lakh
  • Exceptional Items: ₹59.40 lakh
  • Profit/(Loss) before tax: ₹14.77 lakh
  • Tax expense: Current tax ₹0.00; Deferred tax (₹0.41) lakh
  • Profit/(Loss) for the period from continuing operations: ₹15.18 lakh
  • Profit/(Loss) from discontinued operations: ₹0.00
  • Profit/(Loss) for the period: ₹15.18 lakh
  • Earnings per equity share (Basic and Diluted): ₹0.50
  • Paid-up equity share capital: ₹302.87 lakh

Comparative Financial Performance

Quarter Comparison (3 months ended):

  • September 30, 2026 (Unaudited): Revenue ₹175.31 lakh, Profit ₹15.18 lakh
  • June 30, 2026 (Unaudited): Revenue ₹310.43 lakh, Profit ₹5.20 lakh
  • September 30, 2025 (Unaudited): Revenue ₹394.50 lakh, Profit ₹13.54 lakh

Half-Year Comparison (6 months ended):

  • September 30, 2026 (Unaudited): Revenue ₹485.74 lakh, Profit ₹20.38 lakh
  • September 30, 2025 (Unaudited): Revenue ₹795.03 lakh, Profit ₹19.98 lakh
  • March 31, 2026 (Audited): Revenue ₹1,440.09 lakh, Profit ₹19.39 lakh

Balance Sheet Highlights as at September 30, 2026 (Unaudited)

  • Total Assets: ₹3,339.01 lakh (vs. ₹3,560.98 lakh as at March 31, 2026)
  • Non-current assets: ₹63.75 lakh
  • Current assets: ₹3,275.26 lakh (including Inventories ₹845.91 lakh, Trade receivables ₹528.48 lakh, Cash and cash equivalents ₹38.67 lakh)
  • Equity: ₹420.19 lakh (Equity share capital ₹302.87 lakh + Other Equity ₹117.32 lakh)
  • Non-current liabilities: ₹954.51 lakh
  • Current liabilities: ₹1,964.31 lakh

Cash Flow Statement for Half Year Ended September 30, 2026

  • Net Cash Flow from operating activities: ₹40.48 lakh
  • Net Cash Flow from investing activities: ₹0.00
  • Net Cash Flow from financing activities: (₹93.52) lakh
  • Net Decrease in cash and cash equivalents: (₹53.03) lakh
  • Cash and cash equivalents at period beginning: ₹94.70 lakh
  • Cash and cash equivalents at period ending: ₹41.67 lakh

Limited Review Report

Raja & Raman, Chartered Accountants (FRN 003382S), issued a limited review report on the unaudited standalone financial results. Based on their review, nothing has come to their attention that causes them to believe that the statement contains any material misstatement. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.