Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 and 33 of SEBI LODR Regulations, 2015
Audit Opinion:
Clean/Unmodified. The statutory auditors, Mukesh Raj & Co., issued an unmodified review conclusion on both standalone and consolidated financial results.
Auditor’s Comment:
No qualifications or modifications affecting earnings quality, internal controls, or going concern were noted in the limited review report.
Key Financial Highlights [Figures in ₹ Lakhs]:
Standalone Results:
Quarter Ended September 30, 2026 (Unaudited):
- Revenue from Operations: ₹4,674.42 (vs. ₹25,135.79 in Q2 FY26, -81.4% YoY)
- Total Income: ₹4,827.82
- Net Profit: ₹130.08 (vs. ₹586.00 in Q2 FY26, -77.8% YoY)
- EPS - Basic: ₹0.15 (vs. ₹0.67 in Q2 FY26)
- EPS - Diluted: ₹0.14 (vs. ₹0.65 in Q2 FY26)
Half Year Ended September 30, 2026 (Unaudited):
- Revenue from Operations: ₹9,643.75 (vs. ₹38,609.86 in H1 FY26, -75.0% YoY)
- Total Income: ₹9,805.06
- Net Profit: ₹221.70 (vs. ₹870.72 in H1 FY26, -74.5% YoY)
- EPS - Basic: ₹0.25 (vs. ₹0.99 in H1 FY26)
- EPS - Diluted: ₹0.25 (vs. ₹0.97 in H1 FY26)
Balance Sheet (Standalone as of September 30, 2026):
- Paid-up Equity Share Capital: ₹9,016.65 Lakh (Face value ₹10 each)
- Other Equity: ₹66,868.52 Lakh
- Total Equity: ₹75,885.17 Lakh
- Cash and Cash Equivalents: ₹706.59 Lakh
- Total Assets: ₹77,421.02 Lakh
Consolidated Results:
Quarter Ended September 30, 2026 (Unaudited):
- Revenue from Operations: ₹98,316.84
- Net Profit: Not explicitly stated in summary table; segment results show profit before tax of ₹2,889.87 Lakh
Half Year Ended September 30, 2026 (Unaudited):
- Revenue from Operations: ₹187,307.47 (after adjusting for inter-segment revenue)
- Net Profit: Not explicitly stated in summary table
Balance Sheet (Consolidated as of September 30, 2026):
- Total Assets: ₹199,360.93 Lakh
- Total Equity: ₹93,404.22 Lakh (Equity attributable to owners: ₹89,452.58 Lakh; Non-controlling interest: ₹3,951.64 Lakh)
- Cash and Cash Equivalents: ₹26,576.80 Lakh
Segment-wise Performance:
The Group has two reportable segments:
1. Trading & Distribution:
- Q2 FY27 Revenue: ₹5,188.68 Lakh
- Q2 FY27 Segment Result (PBT): ₹28.96 Lakh
2. Manufacturing Business:
- Q2 FY27 Revenue: ₹93,128.16 Lakh
- Q2 FY27 Segment Result (PBT): ₹3,117.74 Lakh
Corporate Actions:
- Dividend: Not declared
- Fundraising: The Board approved raising funds up to ₹200 Crore by issuing equity shares and/or securities convertible into equity shares through a preferential issue to persons/entities belonging to the "Promoter & Promoter Group" and/or "Non-Promoter" category. This is subject to shareholder and regulatory approvals.
- Share Allotment: During the quarter, the company allotted 14,77,667 equity shares of ₹10 each at an issue price of ₹672.25 per share (including premium of ₹662.25 per share) on conversion of warrants issued on a preferential basis. The paid-up capital increased to ₹9,016.65 Lakh.
- Warrant Forfeiture: Amount of ₹166.95 Lakh against 99,341 warrants was forfeited and credited to capital reserve as the holders did not exercise their option within the stipulated period.
Other Significant Information:
- BIGTech (Subsidiary): Bharat Innovative Glass Technologies Private Limited is in the pre-operative stage. It allotted equity shares on a rights basis for ₹21,079.95 Lakh (₹17,345.96 Lakh to Holding Company, ₹3,733.99 Lakh to non-controlling shareholder). Its capital work-in-progress as of September 30, 2026 is ₹32,345.96 Lakh.
- List of Entities Consolidated: The review report lists 15 subsidiaries, one joint venture, and one associate included in the consolidation.