Oval Projects H1 FY27 Net Profit at ₹6.25 Crore

The Board meeting was conducted through audio visual means (Google Meet) and commenced at 4:05 PM, concluding at 4:47 PM on November 4, 2026.

1. Financial Results Approval

The Board approved the Unaudited Financial Results (Standalone & Consolidated) along with Limited Review Report for the Half Year ended September 30, 2026.
The results were reviewed by the Audit Committee and subsequently approved by the Board.

2. Fund-Raising Plan Revision

The Board considered a proposal for raising funds through issuance of Warrants convertible into Equity Shares on a preferential basis.
Management recommended expanding the scope beyond the initially planned promoter-only issuance to include participation from both promoter and non-promoter investor categories.
The company is evaluating a comprehensive, enlarged capital infusion plan.
The Board agreed to consider the finalized, broader fund-raising plan at an upcoming meeting.
The date for the Extra-Ordinary General Meeting (EOGM) will be aligned to follow the approval of this comprehensive structure.
Financial impact not quantified in the disclosure.

3. Secretarial Auditor Re-appointment

The Board re-appointed M/s. KKS & Associates Practicing Company Secretary as the Secretarial Auditor of the Company for Financial Year 2026-27.

4. Joint Venture Incorporation

The Board approved the incorporation of a Joint Venture Company with EIKO SCIENTIFIC SOLUTIONS LLP by subscribing to Memorandum of Association.
The joint venture will operate under the name OVAL EIKO RESOURCES PRIVATE LIMITED (Proposed Company).

Half Year Ended September 30, 2026 (Unaudited)

Revenue from Operations: ₹70.72 crore (Previous H1: ₹60.96 crore)
Other Income: ₹0.49 crore (Previous H1: ₹0.62 crore)
Total Income: ₹71.21 crore (Previous H1: ₹61.58 crore)
Profit Before Tax: ₹8.84 crore (Previous H1: ₹8.92 crore)
Current Tax: ₹2.63 crore (Previous H1: ₹2.59 crore)
Deferred Tax: ₹-0.04 crore (Previous H1: ₹-0.03 crore)
Profit After Tax: ₹6.25 crore (Previous H1: ₹6.36 crore)
Basic EPS: ₹3.01 (Previous H1: ₹4.01)
Diluted EPS: ₹3.01 (Previous H1: ₹4.01)
Paid-up Equity Share Capital: ₹20.77 crore (Face Value ₹10 each)

Balance Sheet Position (Standalone as of September 30, 2026)

Total Equity: ₹117.47 crore (Share Capital: ₹20.77 crore + Reserves: ₹96.70 crore)
Total Liabilities: ₹225.97 crore
Total Assets: ₹225.97 crore
Current Assets: ₹135.64 crore (including Inventories: ₹57.79 crore, Trade Receivables: ₹49.71 crore, Cash & Bank: ₹29.51 crore)
Non-Current Assets: ₹90.33 crore

Half Year Ended September 30, 2026 (Unaudited)

Revenue from Operations: ₹71.44 crore (Previous H1: ₹58.77 crore)
Other Income: ₹0.70 crore (Previous H1: ₹0.89 crore)
Total Income: ₹72.14 crore (Previous H1: ₹59.66 crore)
Profit Before Tax: ₹8.86 crore (Previous H1: ₹8.78 crore)
Current Tax: ₹2.64 crore (Previous H1: ₹2.76 crore)
Deferred Tax: ₹-0.04 crore (Previous H1: ₹-0.03 crore)
Profit After Tax: ₹6.26 crore (Previous H1: ₹6.05 crore)
Basic EPS: ₹3.01 (Previous H1: ₹3.81)
Diluted EPS: ₹3.01 (Previous H1: ₹3.81)

Consolidated Entities

The consolidated results include:

Oval Projects Engineering Limited (Holding Company)
Oval Digital Private Limited
Oval Biotech Private Limited (Wholly Owned Subsidiary Company)
Joint Ventures: Oval Projects Engineering Private Limited Raviraj Bokade Creative Joint Venture, Oval Projects Engineering Private Limited & Transtroy (Indian) Limited Joint Venture

Kapoor Goyal & Co., Chartered Accountants (Firm Reg. No.: 001370N) issued independent review reports on both standalone and consolidated financial results.
The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.
The auditors concluded that nothing came to their attention causing them to believe that the financial results contain any material misstatement.