Key Decisions and Approvals
1. Approval of Standalone and Consolidated Unaudited Financial Results
- The Board approved the Standalone and Consolidated Unaudited Financial Results for the quarter and half-year ended September 30, 2026.
- The results include Statement of Assets and Liabilities and Statement of Cash Flows for the half-year ended September 30, 2026.
- Limited Review Report issued by M/s Raj Gupta & Co., Chartered Accountants (Firm Registration No. 000203N), Statutory Auditors of the Company.
2. Resignation of Statutory Auditor
- The Board noted the resignation of M/s Raj Gupta & Co., Chartered Accountants, tendered via letter dated November 4, 2026.
- Resignation effective from close of business hours on November 12, 2026, upon issuance of the Limited Review Report for Q2 FY26.
- Detailed reasons for resignation provided in Annexure-II, citing pre-occupation with other professional assignments and time constraints.
- The auditor confirmed no other material reasons for resignation beyond those stated.
3. Appointment of New Statutory Auditor
- Upon Audit Committee recommendation, the Board approved appointment of M/s TANDON BRIJ & CO., Chartered Accountants (Firm Registration No. 000067N, Peer Review No. 015581).
- Appointment to fill casual vacancy arising from previous auditor's resignation, pursuant to Section 139(8) of Companies Act, 2013.
- Effective from close of business hours on November 12, 2026, subject to shareholder approval via Postal Ballot within three months.
- Term: Until conclusion of next Annual General Meeting in 2027.
4. Appointment of Internal Auditor
- Board approved appointment of M/s N N Sharma & Associates (FRN: 101702), Practising Cost and Management Accountants, as Internal Auditor for FY 2026-27.
- Appointment under Section 138 of Companies Act, 2013 read with Rule 13 of Companies (Accounts) Rules, 2014.
- Effective from November 12, 2026.
5. Approval of Investment in Renewable Energy Companies
- Board approved investment proposal to acquire 49% equity shareholding in three renewable energy companies:
- Son Renewable Energy Private Limited: 4,900 shares (49% stake)
- Satyam Energy Renewable Private Limited: 4,900 shares (49% stake)
- Energy Amritdev Renewable Private Limited: 4,900 shares (49% stake)
- Total investment: 14,700 shares aggregate consideration ₹1,47,000 (₹10 per equity share).
- Investments subject to applicable statutory and regulatory approvals.
- Purpose: Expand Company's renewable energy business and strengthen presence in solar power sector.
6. Approval of Postal Ballot Notice
- Board approved draft Postal Ballot Notice seeking shareholder approval for appointment of new Statutory Auditor.
- Approved availing e-voting facility of Central Depository Services (India) Limited (CDSL).
- Appointed Mr. Rupinder Singh Bhatia, Practising Company Secretary, as Scrutinizer for Postal Ballot process.
Financial Results Summary (Standalone)
Income Statement (Half Year Ended September 30, 2026)
- Revenue from operations: ₹4,315.91 lakh
- Other income: ₹8.12 lakh
- Total income: ₹4,324.04 lakh
- Purchase of stock-in-trade: ₹3,438.59 lakh
- Changes in inventories: (₹189.85) lakh
- Operating expenses: ₹169.62 lakh
- Employee benefit expenses: ₹138.00 lakh
- Finance cost: ₹158.62 lakh
- Depreciation & amortization: ₹10.96 lakh
- Other expenses: ₹91.38 lakh
- Total expenses: ₹3,817.34 lakh
- Profit before tax: ₹506.70 lakh
- Tax expenses: ₹132.25 lakh (Current tax: ₹129.99 lakh, Deferred tax: ₹2.26 lakh)
- Profit for the period: ₹374.46 lakh
- Paid-up equity share capital: ₹1,092.42 lakh (face value ₹10 each)
- Basic/Diluted EPS: ₹4.18 (not annualized)
Balance Sheet (As at September 30, 2026)
- Share capital: ₹1,092.42 lakh
- Reserves & surplus: ₹3,770.42 lakh
- Total shareholders' funds: ₹4,862.84 lakh
- Non-current liabilities: ₹220.43 lakh
- Current liabilities: ₹2,475.50 lakh
- Total equity and liabilities: ₹7,558.77 lakh
- Non-current assets: ₹992.79 lakh
- Current assets: ₹6,565.98 lakh
- Total assets: ₹7,558.77 lakh
Cash Flow Statement (Half Year Ended September 30, 2026)
- Net cash used in operating activities: (₹1,537.17) lakh
- Net cash used in investing activities: (₹447.44) lakh
- Net cash from financing activities: ₹1,951.67 lakh
- Net decrease in cash: (₹32.94) lakh
- Cash and cash equivalents at end: ₹41.91 lakh
Financial Results Summary (Consolidated)
Income Statement (Half Year Ended September 30, 2026)
- Revenue from operations: ₹4,627.30 lakh
- Other income: ₹8.12 lakh
- Total income: ₹4,635.43 lakh
- Total expenses: ₹4,078.55 lakh
- Profit before tax: ₹556.88 lakh
- Tax expenses: ₹162.33 lakh (Current tax: ₹129.99 lakh, Deferred tax: ₹32.34 lakh)
- Profit for the period: ₹394.54 lakh
- Profit attributable to minority interest: ₹6.97 lakh
- Profit attributable to shareholders: ₹387.57 lakh
- Basic/Diluted EPS: ₹4.33 (not annualized)
Consolidated Entities
- Holding Company: Oneindig Technologies Limited
- Subsidiaries: Ziya Solar Energies Three Private Limited, Ziya Solar Energies Four Private Limited, Oneindig Jodhpur Solar Private Limited
IPO Proceeds Utilization
- Gross proceeds raised: ₹2,764.80 lakh
- Utilization as of September 30, 2026:
- Working capital requirements: ₹1,995.02 lakh (against ₹2,000.00 lakh)
- General corporate purposes: ₹399.20 lakh (fully utilized)
- Public issue related expenses: ₹365.60 lakh (fully utilized)
- Unutilized amount: ₹4.98 lakh
- No deviation from objects stated in Prospectus
Notes on Financial Results
- Financial results prepared under Indian GAAP (AS)
- Company operates in single business segment: solar power systems supply, installation, and commissioning
- EPS computed on weighted average number of equity shares of 8,956,947 after considering IPO shares from allotment date (August 4, 2026)
- Figures for half year ended March 31, 2026 are balancing figures between audited FY2026 and unaudited H1 FY2025
#Tags: #OneindigTechnologies #Q2Results #AuditorChange #RenewableEnergyInvestment #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral