Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27, H1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 and Submission of Financial Results under Regulation 33 of SEBI (LODR) Regulations, 2015

Date of Board Meeting / Approval: November 09, 2026 (Meeting time: 02:42 P.M. to 03:37 P.M.)

Audit Opinion: Unqualified audit opinion on both standalone and consolidated results

Auditor's Comment: No qualifications or modifications noted in the limited review reports

Key Financial Highlights [All amounts in Indian Rupees Lakhs]

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹67,737.31 (vs ₹64,700.89 in Q2 FY26, +4.7% YoY; vs ₹56,664.40 in Q1 FY27, +19.5% QoQ)
  • Total Income: ₹69,229.97
  • Net Profit: ₹5,092.19 (vs ₹5,278.05 in Q2 FY26, -3.5% YoY; vs ₹2,319.43 in Q1 FY27, +119.5% QoQ)
  • EPS: ₹6.20 (Basic and Diluted, not annualized)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹1,24,401.71 (vs ₹98,460.61 in H1 FY26, +26.4% YoY)
  • Total Income: ₹1,26,099.57
  • Net Profit: ₹7,411.62 (vs ₹7,517.19 in H1 FY26, -1.4% YoY)
  • EPS: ₹9.03 (Basic and Diluted, not annualized)
  • Other Equity: ₹1,26,204.05 (vs ₹1,19,290.40 as of March 31, 2026)
  • Cash and Cash Equivalents: ₹538.00
  • Debt: Short-term borrowings ₹10,470.80, Long-term borrowings ₹13,968.68, Total ₹24,439.48

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹68,701.14
  • Total Income: ₹70,203.47
  • Net Profit: ₹5,212.22
  • Profit attributable to equity holders: ₹5,293.80
  • EPS: ₹6.45 (Basic and Diluted, not annualized)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹1,26,251.78 (vs ₹1,00,384.69 in H1 FY26, +25.8% YoY)
  • Total Income: ₹1,27,968.45
  • Net Profit: ₹7,878.54
  • Profit attributable to equity holders: ₹7,888.77
  • EPS: ₹9.61 (Basic and Diluted, not annualized)
  • Other Equity: ₹1,26,865.82
  • Cash and Cash Equivalents: ₹730.59

Segment-wise Performance:

Standalone Segment Revenue (H1 FY27):

  • Energy Division: ₹17,892.12 (15.4% of total)
  • Mobility Division: ₹1,06,509.59 (84.6% of total)

Standalone Segment Profit before Tax & Interest (H1 FY27):

  • Energy Division: ₹4,136.20
  • Mobility Division: ₹10,631.05

Consolidated Segment Revenue (H1 FY27):

  • Energy Division: ₹17,892.12
  • Mobility Division: ₹1,08,359.66

Consolidated Segment Profit before Tax & Interest (H1 FY27):

  • Energy Division: ₹4,136.20
  • Mobility Division: ₹11,170.49

Corporate Actions:

Disinvestment Approved: Sale of entire 34% equity shareholding in Evey Trans (UJJ) Private Limited (Associate Company) to Evey Trans Private Limited for ₹34,000.

  • Transaction expected to be completed within next three months
  • Share Purchase Agreement yet to be executed
  • Classified as related party transaction (both companies under common control of MEIL Holdings Limited)
  • Evey Trans Private Limited currently holds 66% in Evey Trans (UJJ) Private Limited
  • The unit contributed Nil to turnover/revenue/income and net worth during last financial year

Other Significant Information:

  • Segment reporting: Operations classified into Energy Division (Composite Polymer Insulators) and Mobility Division (Electric Vehicles including e-buses & e-trucks)
  • Consolidated results exclude revenues and profits from sale of buses by Parent Company to its subsidiaries
  • Previous period figures have been regrouped/reclassified where necessary