Board Meeting Details

The Board of Directors meeting was held on Friday, 13th November 2026 from 1:00 PM to 2:00 PM. The Board approved the Un-Audited Financial Results for the Second Quarter and Half year Ended on 30th September 2026 upon recommendation of the Audit Committee.

Financial Results - Standalone (Rs. in Lakhs)

Quarterly Performance:

  • Q2 FY27 (Sep 2026): Revenue from operations: ₹0.00; Total income: ₹0.00; Net loss: ₹(22.04)
  • Q1 FY27 (Jun 2026): Revenue from operations: ₹13.97; Total income: ₹33.10; Net profit: ₹27.11
  • Q2 FY26 (Sep 2025): Revenue from operations: ₹0.00; Total income: ₹0.00; Net loss: ₹(32.89)

Half-Yearly Performance:

  • H1 FY27: Revenue from operations: ₹13.97; Total income: ₹33.10; Net profit: ₹5.07
  • H1 FY26: Revenue from operations: ₹10.16; Total income: ₹10.16; Net loss: ₹(60.98)

Annual Comparison:

  • FY26: Revenue from operations: ₹17.34; Total income: ₹17.59; Net loss: ₹(126.56)

Key Expenses (Q2 FY27):

  • Professional fees: ₹1.53
  • Listing fees: ₹0.81
  • Other expenses: ₹22.79
  • Total expenses: ₹25.13

Earnings Per Share (Not annualized):

  • Q2 FY27: Basic & Diluted: ₹(0.28)
  • Q1 FY27: Basic & Diluted: ₹0.34
  • Q2 FY26: Basic & Diluted: ₹(0.41)

Financial Results - Consolidated (Rs. in Lakhs)

Quarterly Performance:

  • Q2 FY27: Revenue from operations: ₹1,897.89; Total income: ₹1,901.48; Net profit: ₹235.41
  • Q1 FY27: Revenue from operations: ₹1,583.80; Total income: ₹1,603.56; Net profit: ₹289.56
  • Q2 FY26: Revenue from operations: ₹1,318.11; Total income: ₹1,324.98; Net profit: ₹129.18

Half-Yearly Performance:

  • H1 FY27: Revenue from operations: ₹3,481.68; Total income: ₹3,505.04; Net profit: ₹524.97
  • H1 FY26: Revenue from operations: ₹3,299.16; Total income: ₹3,313.44; Net profit: ₹353.21

Annual Comparison:

  • FY26: Revenue from operations: ₹6,520.44; Total income: ₹6,548.73; Net profit: ₹767.77

Earnings Per Share (Not annualized):

  • Q2 FY27: Basic & Diluted: ₹2.96
  • Q1 FY27: Basic & Diluted: ₹3.62
  • Q2 FY26: Basic & Diluted: ₹1.61

Subsidiary Acquisition

During the previous quarter (29 May 2026), the company acquired 16,000 equity shares of Jowela Exim Private Limited (face value ₹10 each) for ₹6 lakhs, representing 1% of equity share capital.

Subsequently, on 15th October 2026, the company acquired an additional 16,00,000 equity shares pursuant to a right issue for aggregate consideration of ₹160 lakhs.

Consequent to this allotment, the company's shareholding increased to 16,16,000 equity shares representing 50.5% of equity share capital of Jowela. Accordingly, Jowela became a subsidiary of the company effective 15th October 2026.

Segment Performance (Consolidated)

The company operates four reportable business segments:

Q2 FY27 Segment Revenue:

  • Construction material: ₹0.00
  • Paper and Paperboard: ₹1,224.92
  • Garments: ₹0.00
  • Financial Technology and related services: ₹672.97

Q2 FY27 Segment Results before tax:

  • Construction material: ₹0.00
  • Paper and Paperboard: ₹81.39
  • Garments: ₹(0.06)
  • Financial Technology and related services: ₹288.45

Assets and Liabilities Position

Standalone (as of 30-Sep-2026):

  • Total Assets: ₹1,148.57 lakhs
  • Investments: ₹1,139.41 lakhs (Non-current) + ₹0.02 lakhs (Current)
  • Cash and Cash Equivalents: ₹1.43 lakhs
  • Equity Share Capital: ₹800.00 lakhs
  • Other Equity: ₹340.56 lakhs

Consolidated (as of 30-Sep-2026):

  • Total Assets: ₹4,226.19 lakhs
  • Property, Plant and Equipment: Included in Right of use asset ₹514.57 lakhs
  • Intangible Assets: ₹128.91 lakhs
  • Intangible assets under development: ₹648.58 lakhs
  • Goodwill: ₹20.21 lakhs
  • Cash and Cash Equivalents: ₹460.52 lakhs
  • Equity Share Capital: ₹800.00 lakhs
  • Other Equity: ₹1,980.44 lakhs

Auditor Review

The financial results were subjected to limited review by the statutory auditors, Jogin Raval & Associates, Chartered Accountants (ICAI Firm Registration: 128586W). The review was conducted in accordance with Standard on Review Engagement (SRE) 2410.

Notes and Qualifications

  • Balances appearing under trade payables, other financial assets, other current liabilities and banks are subject to confirmation and reconciliation
  • The company operates multiple segments at the group level with segment disclosure under Ind AS-108
  • Previous year/period figures have been regrouped/reclassified wherever necessary