Financial Results for H1 FY27 (Unaudited)

The Board approved the unaudited financial results for the half year ended 30 September 2026:

  • Revenue from operations: ₹1,911.89 lakhs
  • Other income: (₹0.75) lakhs
  • Total income: ₹1,911.14 lakhs
  • Total expenses: ₹1,735.36 lakhs
  • Profit before tax: ₹175.78 lakhs
  • Tax expense: ₹47.79 lakhs (Current tax: ₹44.24 lakhs, Deferred tax: ₹3.56 lakhs)
  • Profit for the period: ₹127.98 lakhs
  • Earnings per share (face value ₹10 each): Basic ₹3.03, Diluted ₹3.03

Comparative figures for the audited year ended 31 March 2026:

  • Revenue from operations: ₹5,685.11 lakhs
  • Profit for the year: ₹404.30 lakhs
  • EPS: Basic ₹9.87, Diluted ₹9.87

Balance Sheet Position as at 30 September 2026 (Unaudited)

  • Total equity and liabilities: ₹5,390.79 lakhs
  • Shareholders' funds: ₹585.10 lakhs (Share capital + Reserves and surplus)
  • Non-current liabilities: ₹3,497.47 lakhs
  • Current liabilities: ₹1,375.57 lakhs
  • Total assets: ₹5,390.79 lakhs
  • Non-current assets: ₹496.08 lakhs
  • Current assets: ₹4,894.71 lakhs (including Trade receivables: ₹1,891.29 lakhs, Cash and cash equivalents: ₹66.95 lakhs, Other bank balances: ₹662.02 lakhs)

Cash Flow Statement for H1 FY27 (Unaudited)

  • Net cash used in operating activities: (₹1,107.78) lakhs
  • Net cash used in investing activities: (₹637.12) lakhs
  • Net cash from financing activities: ₹1,751.70 lakhs
  • Net increase in cash and cash equivalents: ₹6.79 lakhs
  • Opening cash and cash equivalents: ₹60.16 lakhs
  • Closing cash and cash equivalents: ₹66.95 lakhs

IPO Completion and Fund Utilization

  • The Company completed its Initial Public Offer (IPO) and allotted 17,56,000 equity shares of face value ₹10 each at an issue price of ₹140 per share (including a premium of ₹130 per share) on 16 September 2026.
  • Total proceeds raised: ₹2,458.40 lakhs
  • Shares listed on BSE SME platform effective 18 September 2026.
  • Share issue expenses of ₹351.33 lakhs were adjusted against securities premium account.

IPO Fund Utilization as of 30 September 2026:

  • Working capital requirements: ₹748.70 lakhs utilized out of ₹1,150.00 lakhs allocated
  • General corporate purposes: ₹65.58 lakhs utilized out of ₹366.88 lakhs allocated
  • Public issue expenses: ₹341.52 lakhs utilized out of ₹341.52 lakhs allocated
  • Property purchase and renovation: Nil utilized out of ₹600.00 lakhs allocated
  • The Audit Committee confirmed no deviation or variation in the utilization of IPO proceeds from the objects stated in the Prospectus.

Appointment of Internal Auditor

  • The Board approved the appointment of M/s Rakesh Shah & Co., Chartered Accountants (FRN: 044972N) as Internal Auditor for the financial year 2026-2027.
  • The lead auditor is Mr. Rakesh Kumar, a seasoned Chartered Accountant with expertise in audit, taxation, and regulatory compliance.
  • The firm is not related to any Director of the Company.
  • Term of appointment: Financial year 2026-27.

Other Key Information

  • The financial results were reviewed by the Audit Committee and approved by the Board on 13 November 2026.
  • The results were subjected to a limited review by Statutory Auditors M/s JVA & Associates, Chartered Accountants (FRN: 026849N), who issued an unmodified review report.
  • The Company operates in a single business segment and has no subsidiaries, associates, or joint ventures as of 30 September 2026.
  • The Board meeting commenced at 1:10 p.m. and concluded at 2:15 p.m.