Board Meeting Details

The 03/2026-27 meeting of the Board of Directors was held on Saturday, 14th November 2026 at 3:30 PM and concluded at 8:00 PM at the Registered Office of the Company in Bhopal, Madhya Pradesh.

Financial Results Approval

The Board approved:

  • Standalone Unaudited Financial Results for quarter and half year ended 30th September 2026
  • Limited Review Report by statutory auditors for the period
  • Standalone Unaudited Statement of Assets and Liabilities for half year ended 30th September 2026
  • Standalone Unaudited Statement of Cash Flow for half year ended 30th September 2026

Key Financial Figures (All amounts in ₹ Lakhs)

Quarter Ended 30.09.2026 (Unaudited):

  • Revenue from operations: ₹1,373.34
  • Other income: ₹7.22
  • Total Revenue: ₹1,380.56
  • Total Expenses: ₹1,582.15
  • Profit before tax: -₹201.59
  • Tax Expense: ₹1.46 (Deferred Tax)
  • Profit for the period: -₹203.05
  • Basic EPS: -₹0.14
  • Diluted EPS: -₹0.14

Half Year Ended 30.09.2026 (Unaudited):

  • Revenue from operations: ₹4,946.20
  • Other income: ₹14.51
  • Total Revenue: ₹4,960.71
  • Profit before tax: -₹183.16
  • Profit for the period: -₹171.34
  • Basic EPS: -₹0.11
  • Diluted EPS: -₹0.11

Comparative Figures:

  • Q2 FY26 (30.09.2025): Revenue ₹15.84, Profit -₹333.18, EPS -₹0.22
  • Full Year FY26 (31.03.2026): Revenue ₹1,798.68, Profit -₹1,304.93, EPS -₹0.87

Expense Breakdown (Q2 FY27):

  • Cost of Raw Material Consumed: ₹25.09
  • Purchase Stock in Trade: ₹1,361.62
  • Changes in inventories: -₹63.45
  • Employee benefits expense: ₹60.69
  • Finance costs: ₹38.03
  • Depreciation and amortisation: ₹127.12
  • Other expenses: ₹33.05

Balance Sheet Position as at 30th September 2026:

  • Total Assets: ₹13,154.31 lakhs
  • Non-current assets: ₹6,061.39 lakhs
  • Current assets: ₹7,092.92 lakhs
  • Total Equity: ₹8,700.44 lakhs
  • Equity share capital: ₹7,457.18 lakhs (Face value ₹5 per share)
  • Other Equity: ₹1,252.25 lakhs
  • Total Liabilities: ₹4,484.87 lakhs

Cash Flow Statement (Half Year Ended 30.09.2026):

  • Net Cash from Operating Activities: ₹305.44 lakhs
  • Net Cash from Investing Activities: ₹10.94 lakhs
  • Net Cash used in Financing Activities: -₹209.51 lakhs
  • Net decrease in Cash & Cash Equivalents: -₹93.52 lakhs
  • Cash & Cash Equivalents at end: ₹360.16 lakhs

Additional Notes:

1. The financial results were reviewed by the audit committee and approved by the board on 14th November 2026

2. Company received capital subsidy of ₹648 lakhs from Madhya Pradesh Industrial Development Corporation for factory expansion, deducted from carrying amount of asset as per IND AS 20

3. Cost of Raw Materials comprises expenditure on sugarcane purchase and other consumables

4. Company is engaged in single segment: manufacturing of sugar

5. Previous period figures have been regrouped and reclassified for comparability