Board Meeting Details

The Board of Directors meeting commenced at 11:45 AM and concluded at 4:00 PM on Friday, November 13, 2026.

Key Approval

The Board approved the Unaudited Financial Results along with the Limited Review Report for the quarter ended September 30, 2026.

Financial Results Overview (Quarter Ended September 30, 2026)

Income Statement (₹ in Lakhs):

  • Revenue from Operations: ₹200.15
  • Other Income: ₹4.40
  • Total Income: ₹204.55

Expenses Breakdown (₹ in Lakhs):

  • Cost of Materials Consumed: ₹19.47
  • Purchase of Stock-in-trade: ₹87.15
  • Changes in Inventories: (₹21.63) [negative indicates decrease]
  • Employee Benefit Expenses: ₹42.52
  • Financial Costs: ₹44.50
  • Depreciation & Amortization: ₹56.14
  • Other Expenses: ₹31.39
  • Power & Fuel: ₹119.37
  • Other Expenditure: Not separately quantified for quarter
  • Total Expenses: ₹378.91

Profit/Loss:

  • Loss before exceptional items and tax: (₹174.36)
  • Exceptional Items: ₹0.00
  • Loss before tax: (₹174.36)
  • Tax Expense: ₹0.00 (both current and deferred)
  • Net Loss for the period: (₹174.36)
  • Other Comprehensive Income: ₹0.00
  • Total Comprehensive Income for the period: (₹174.36)

Per Share Data:

  • Earnings per Equity Share (Basic and Diluted): (₹3.46) [loss per share]

Financial Results Overview (Half-Year Ended September 30, 2026)

Income Statement (₹ in Lakhs):

  • Revenue from Operations: ₹504.65
  • Other Income: ₹28.71
  • Total Income: ₹533.36

Expenses Breakdown (₹ in Lakhs):

  • Cost of Materials Consumed: ₹29.21
  • Purchase of Stock-in-trade: ₹191.53
  • Changes in Inventories: (₹5.72) [negative indicates decrease]
  • Employee Benefit Expenses: ₹99.25
  • Financial Costs: ₹90.53
  • Depreciation & Amortization: ₹110.70
  • Other Expenses: ₹122.76
  • Power & Fuel: ₹270.11
  • Other Expenditure: Not separately quantified for half-year
  • Total Expenses: ₹908.37

Profit/Loss:

  • Loss before exceptional items and tax: (₹375.01)
  • Exceptional Items: ₹0.00
  • Loss before tax: (₹375.01)
  • Tax Expense: ₹0.00 (both current and deferred)
  • Net Loss for the period: (₹375.01)
  • Other Comprehensive Income: ₹0.00
  • Total Comprehensive Income for the period: (₹375.01)

Per Share Data:

  • Earnings per Equity Share (Basic and Diluted): (₹7.44) [loss per share]

Balance Sheet Highlights (As at September 30, 2026)

Total Assets: ₹2,651.61 Lakh

  • Non-Current Assets: ₹2,292.17 Lakh
  • Property, Plant & Equipment: ₹2,085.25 Lakh
  • Intangible Assets: ₹0.50 Lakh
  • Financial Assets: ₹15.99 Lakh (Investments), ₹190.44 Lakh (Other financial assets)
  • Current Assets: ₹359.43 Lakh
  • Inventories: ₹68.30 Lakh
  • Trade Receivables: ₹117.96 Lakh
  • Cash and Cash Equivalents: ₹27.39 Lakh
  • Other Financial Assets: ₹86.99 Lakh
  • Current Tax Assets (Net): ₹35.08 Lakh
  • Other Current Assets: ₹23.72 Lakh

Equity and Liabilities

  • Total Equity: (₹985.53 Lakh) [Negative Equity]
  • Equity Share Capital: ₹504.24 Lakh (Face value ₹10/-)
  • Other Equity: (₹1,489.77 Lakh) [Negative]
  • Non-Current Liabilities: ₹2,685.90 Lakh
  • Borrowings: ₹2,537.00 Lakh
  • Other Financial Liabilities: ₹106.49 Lakh
  • Provisions: ₹42.41 Lakh
  • Current Liabilities: ₹951.24 Lakh
  • Borrowings: ₹374.49 Lakh
  • Trade Payables: ₹108.52 Lakh (₹3.31 Lakh to micro/small enterprises, ₹105.21 Lakh to others)
  • Other Current Financial Liabilities: ₹161.73 Lakh
  • Provisions: ₹25.27 Lakh
  • Other Current Liabilities: ₹281.22 Lakh

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

  • Net Cash used in Operating Activities: ₹(8.99) Lakh
  • Net Cash generated from Investing Activities: ₹(16.40) Lakh
  • Purchase of Fixed Assets: (₹26.86 Lakh)
  • Sale of Fixed Assets: ₹2.40 Lakh
  • Interest Received: ₹8.06 Lakh
  • Net Cash used in Financing Activities: ₹(43.29) Lakh
  • Repayment of Long-term Borrowings: ₹260.87 Lakh
  • Net Repayment of Short-term Borrowings: (₹213.64 Lakh)
  • Finance Cost Paid: (₹90.53 Lakh)
  • Net Decrease in Cash and Cash Equivalents: ₹(21.57) Lakh
  • Opening Cash Balance: ₹54.96 Lakh
  • Closing Cash Balance: ₹33.39 Lakh

Operational Update

The company commenced production at its Nitrous Oxide plant located at Pondicherry with effect from September 2026.

Business Segment

The company has only one reportable primary business segment: Industrial Gases.

Basis of Preparation

The Standalone Financial Results are prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013.

Audit Status

The unaudited financial results have been reviewed by the statutory auditors, PSDY & Associates, Chartered Accountants, and recommended by the Audit Committee.