Financial Results Overview

Quarter Ended 30th September, 2026 (Unaudited):

  • Revenue from Operations (Sales): ₹171.37 lakh
  • Other Income: ₹47.89 lakh
  • Total Income: ₹219.26 lakh
  • Total Expenses: ₹205.05 lakh (including Purchases of Stock in Trade: ₹124.08 lakh; Changes in Inventories: ₹59.30 lakh; Finance Cost: ₹9.90 lakh; Employee Benefits: ₹2.83 lakh; Other Expenses: ₹8.95 lakh)
  • Profit before Tax: ₹14.21 lakh
  • Net Profit for the Quarter: ₹14.21 lakh

Quarter Ended 30th June, 2026 (Unaudited):

  • Revenue from Operations: ₹43.38 lakh
  • Other Income: ₹27.55 lakh
  • Total Income: ₹70.93 lakh
  • Total Expenses: ₹62.25 lakh
  • Profit before Tax: ₹8.68 lakh
  • Net Profit for the Quarter: ₹8.68 lakh

Quarter Ended 30th September, 2025 (Unaudited):

  • Revenue from Operations: ₹98.25 lakh
  • Other Income: ₹0.00 lakh
  • Total Income: ₹98.25 lakh
  • Total Expenses: ₹101.17 lakh
  • Loss before Tax: ₹(2.92) lakh
  • Net Loss for the Quarter: ₹(2.92) lakh

Half Year Ended 30th September, 2026 (Unaudited):

  • Revenue from Operations: ₹214.75 lakh
  • Other Income: ₹75.44 lakh
  • Total Income: ₹290.19 lakh
  • Total Expenses: ₹267.30 lakh
  • Profit before Tax: ₹22.89 lakh
  • Net Profit for the Half Year: ₹22.89 lakh

Half Year Ended 30th September, 2025 (Unaudited):

  • Revenue from Operations: ₹98.25 lakh
  • Other Income: ₹0.00 lakh
  • Total Income: ₹98.25 lakh
  • Total Expenses: ₹105.95 lakh
  • Loss before Tax: ₹(7.70) lakh
  • Net Loss for the Half Year: ₹(7.70) lakh

Year Ended 31st March, 2026 (Audited):

  • Revenue from Operations: ₹1,133.37 lakh
  • Other Income: ₹103.03 lakh
  • Total Income: ₹1,241.40 lakh
  • Total Expenses: ₹1,264.92 lakh
  • Loss before Tax: ₹(23.52) lakh
  • Net Loss for the Year: ₹(23.52) lakh

Equity and Per Share Data (as at 30.09.2026)

  • Paid-up Equity Share Capital (Face Value Re 1/- each): ₹7,224.50 lakh
  • Reserves excluding Revaluation Reserve: Not provided for interim period (₹1,811.73 lakh as at 31.03.2026)
  • Earnings per Equity Share (Basic & Diluted) for Q2 FY27 from Continuing Operations: Not annualized, reported as (0.12) for Q2 FY26

Cash Flow Statement (Half Year Ended 30.09.2026)

  • Net cash flows from operating activities: ₹3,256.00 lakh
  • Net cash flows used in investing activities: ₹(1,695.46) lakh (Purchase of investment at FVTPL)
  • Net cash flows from financing activities: ₹0.40 lakh (Proceeds from borrowings)
  • Net increase in cash and cash equivalents: ₹1,560.94 lakh
  • Cash and cash equivalents at beginning of period: ₹30.71 lakh
  • Cash and cash equivalents at end of period: ₹1,591.65 lakh

Statement of Assets and Liabilities (as at 30.09.2026)

Total Assets: ₹7,494.58 lakh

  • Non-current Assets: ₹0.43 lakh (Property, plant and equipment)
  • Current Assets: ₹7,494.15 lakh (Inventories: ₹1,284.18 lakh; Financial assets: ₹6,206.17 lakh [Investments: ₹1,695.46 lakh; Trade receivables: ₹840.85 lakh; Cash and cash equivalents: ₹1,591.65 lakh; Loans: ₹2,063.63 lakh; Other financial assets: ₹16.58 lakh]; Other current assets: ₹1.80 lakh)

Total Equity and Liabilities: ₹7,494.58 lakh

  • Equity: ₹7,235.61 lakh (Equity share capital: ₹7,224.50 lakh; Other equity: ₹11.11 lakh)
  • Current Liabilities: ₹258.97 lakh (Financial liabilities: ₹258.97 lakh [Borrowings: ₹252.40 lakh; Trade payables: ₹6.57 lakh])

Statement on Deviation or Variation in Utilization of Funds

  • Mode of Fund Raising: Preferential Issue - Convertible Warrants
  • Date of Raising Funds: 24th May, 2024
  • Amount Raised: ₹72,00,00,000/-
  • Is there a Deviation/Variation in use of funds raised: No
  • Original Object: For business growth and working capital requirements
  • Original Allocation: ₹9,000.00 lakh
  • Modified Allocation: ₹7,200.00 lakh
  • Funds Utilised: ₹5,622.00 lakh
  • Amount of Deviation/Variation: Nil
  • Remarks: During the quarter, the company temporarily parked ₹15.78 Crores in fixed deposits, pending its utilization for the stated objects.

Independent Auditor's Limited Review Report (Qualified Conclusion)

Auditors DDS & ASSOCIATES issued a qualified conclusion based on four key areas of concern:

1. Inventory Held at Third-Party Locations: Inadequate evidence regarding quantity, existence, and condition of agricultural products inventory held at third-party locations (no storage agreements, custody arrangements, or confirmations).

2. Bill-to-Ship-to Sales Transactions: Lack of adequate documentary evidence (transportation records, proof of delivery, e-way bills) to verify the occurrence and completeness of sales transactions.

3. Long Outstanding Trade Advances: Trade advances aggregating ₹1,595.00 lakh granted to various parties with no corresponding goods received and inadequate evidence regarding terms and recoverability.

4. Unsecured Loans and Advances: Loans and advances aggregating ₹200.56 lakh given without formal agreements or supporting documentation, preventing verification of terms and recoverability.

The auditors concluded that except for the possible effects of these matters, nothing has come to their attention that causes them to believe the Statement contains material misstatement.