Event Disclosure

Meeting Date: 12.11.2026

Time of Commencement: 3:00 p.m.

Time of Conclusion: 06:20 p.m.

Financial Results Summary (Amounts in ₹ Lakhs)

Half Year Ended 30th September, 2026 (Unaudited)

  • Total Revenue: 145.45
  • Other Income: 22.84
  • Total Income: 168.29
  • Total Expenses: 73.02
  • Finance Costs: 4.36
  • Profit/(Loss) Before Tax: 53.51
  • Tax Expense: 7.12
  • Profit/(Loss) for the Period from Continuing Operations: 6.35
  • Profit/(Loss) for the Period: 59.69
  • Other Comprehensive Income: (0.30)
  • Total Comprehensive Income for the Period: (0.30)
  • Basic and Diluted EPS (₹): 0.00

Comparative Figures - Half Year Ended 30th September, 2025 (Unaudited)

  • Total Revenue: 204.06
  • Other Income: (35.78)
  • Total Income: (35.78)
  • Total Expenses: (35.78)
  • Finance Costs: (35.78)
  • Profit/(Loss) Before Tax: (35.78)
  • Tax Expense: 591.50
  • Profit/(Loss) for the Period from Continuing Operations: (0.30)
  • Profit/(Loss) for the Period: (0.30)
  • Other Comprehensive Income: 0.00
  • Total Comprehensive Income for the Period: (0.30)

Balance Sheet Position (As at 30.09.2026)

Assets (₹ Lakhs)

  • Non-current assets: 244.35
  • Property, plant and equipment: 81.03
  • Trade and other receivables: 59.11
  • Long-term loans and advances: 104.21
  • Current assets: 270.16
  • Inventories: 18.61
  • Trade and other receivables: 75.28
  • Cash and cash equivalents: 166.06
  • Short term loans and advances: 5.73
  • Total Assets: 514.51

Liabilities and Equity (₹ Lakhs)

  • Shareholders' Funds: (688.35)
  • Equity Share capital: 591.50
  • Other equity: (1279.85)
  • Non-current liabilities: 959.16
  • Long term borrowings: 352.96
  • Trade payables (Other than MSME): 63.61
  • Other financial liabilities: 400.00
  • Other non-current liabilities: 106.62
  • Deferred tax liabilities: 35.97
  • Current liabilities: 243.70
  • Trade payables (Other than MSME): 128.53
  • Other current liabilities: 99.24
  • Short-term provisions: 15.93
  • Total Liabilities and Equity: 514.51

Cash Flow Statement (Six months ended 30th September, 2026)

  • Cash Flows from Operating Activities: ₹50.30 lakh
  • Cash Flows from Investing Activities: ₹(1.42) lakh
  • Cash Flows from Financing Activities: ₹0.00 lakh
  • Net Increase/Decrease in Cash and Cash Equivalents: ₹48.88 lakh

Critical Notes and Qualifications

1. The unaudited financial results were prepared in accordance with Regulation 33 of SEBI LODR 2015 and were reviewed by the Audit Committee and approved by the Board.

2. The Statutory Auditors of the Company have carried out a Limited Review of the financial results but expressed their inability to issue the Limited Review Report as their Peer Review Certificate expired on 31st October, 2026. The Statutory Auditors had applied for renewal of the certificate on 16th October, 2026, and the review is under process with a peer reviewer appointed for peer review.

3. Previous year/year to date/quarter figures have been regrouped/rearranged wherever necessary.

4. The company's business activity falls within a single primary business segment (Longitudinal & Helical Pipes) and is a single geographical segment.