Board Meeting Details

The Board of Directors meeting was held on Saturday, 14 November 2026 at 11:30 a.m. at the Registered Office of the Company at Dwaraka Central, Plot No. 57, Survey No. 74 & 75, Jaihind Enclave, Madhapur, Hyderabad - 500081. The meeting concluded at 12:30 p.m.

Items Approved

1. Un-Audited financial results for the quarter and half year ended 30.09.2026

2. Limited Review Report for the quarter and half year ended 30.09.2026

Financial Results Summary (All amounts in INR Lakhs except share data)

Quarterly Performance (Q2 FY2026 vs Q2 FY2025)

  • Revenue from operations: ₹621.61 (vs ₹519.03 in Q2 FY2025)
  • Other income: ₹18.05 (vs ₹15.83 in Q2 FY2025)
  • Total Income: ₹639.66 (vs ₹534.86 in Q2 FY2025)
  • Employee benefits expenses: ₹273.36 (vs ₹262.81 in Q2 FY2025)
  • Finance cost: ₹46.60 (vs ₹51.10 in Q2 FY2025)
  • Depreciation and amortization: ₹85.49 (vs ₹83.41 in Q2 FY2025)
  • Other expenses: ₹270.94 (vs ₹245.23 in Q2 FY2025)
  • Profit/(loss) before tax: (₹36.73) (vs (₹107.69) in Q2 FY2025)
  • Tax expense: (₹1.12) (vs ₹15.04 in Q2 FY2025)
  • Net Profit/(loss) after tax: (₹35.60) (vs (₹122.73) in Q2 FY2025)
  • Basic EPS: (₹0.02) (vs (₹0.07) in Q2 FY2025)

Half-Year Performance (H1 FY2026 vs H1 FY2025)

  • Revenue from operations: ₹1,426.54 (vs ₹1,373.50 in H1 FY2025)
  • Other income: ₹35.18 (vs ₹33.81 in H1 FY2025)
  • Total Income: ₹1,461.72 (vs ₹1,407.31 in H1 FY2025)
  • Employee benefits expenses: ₹571.87 (vs ₹525.60 in H1 FY2025)
  • Finance cost: ₹90.68 (vs ₹113.09 in H1 FY2025)
  • Depreciation and amortization: ₹169.84 (vs ₹165.12 in H1 FY2025)
  • Other expenses: ₹586.66 (vs ₹494.28 in H1 FY2025)
  • Profit/(loss) before tax: ₹42.67 (vs ₹109.22 in H1 FY2025)
  • Tax expense: ₹18.86 (vs ₹27.41 in H1 FY2025)
  • Net Profit/(loss) after tax: ₹23.81 (vs ₹81.81 in H1 FY2025)
  • Basic EPS: ₹0.01 (vs ₹0.04 in H1 FY2025)

Comparative Full Year Reference (FY2025)

  • Revenue from operations: ₹2,714.36
  • Other income: ₹72.88
  • Total Income: ₹2,787.24
  • Net Profit/(loss) after tax: (₹453.61)
  • Basic EPS: (₹0.24)

Balance Sheet Position as at 30 September 2026 (vs 31 March 2026)

  • Total Assets: ₹5,186.09 (vs ₹5,416.29)
  • Property, plant and equipment: ₹4,087.90 (vs ₹4,240.31)
  • Capital work in progress: ₹14.00 (vs ₹0)
  • Investment Property: ₹267.89 (vs ₹271.45)
  • Intangible Assets: ₹1.36 (vs ₹1.36)
  • Right of use Assets: ₹41.98 (vs ₹46.18)
  • Financial Assets: ₹189.42 (vs ₹187.83)
  • Deferred tax Asset (Net): ₹78.59 (vs ₹97.45)
  • Other non-current Assets: ₹65.00 (vs ₹0)
  • Inventories: ₹12.48 (vs ₹10.53)
  • Trade receivables: ₹229.37 (vs ₹383.73)
  • Cash and cash equivalents: ₹13.48 (vs ₹12.67)
  • Loans: ₹41.46 (vs ₹65.99)
  • Current Tax Asset (Net): ₹84.87 (vs ₹62.22)
  • Other current assets: ₹59.21 (vs ₹35.67)
  • Equity share capital: ₹1,863.81 (vs ₹1,863.81)
  • Other equity: ₹1,031.82 (vs ₹1,008.00)
  • Non-current borrowings: ₹937.37 (vs ₹1,150.05)
  • Lease Liabilities: ₹40.27 (vs ₹45.01)
  • Provisions: ₹14.90 (vs ₹9.89)
  • Current borrowings: ₹1,019.39 (vs ₹1,025.07)
  • Current Lease Liabilities: ₹8.02 (vs ₹7.03)
  • Trade payables: ₹179.43 (vs ₹179.60)
  • Other financial liabilities: ₹96.27 (vs ₹81.35)
  • Other current liabilities: ₹4.77 (vs ₹46.44)
  • Current provisions: ₹0.04 (vs ₹0.04)

Cash Flow Statement for Half Year Ended 30 September 2026 (vs H1 FY2025)

  • Profit/(Loss) Before Tax: ₹42.67 (vs ₹109.22)
  • Net Cash Flows from Operating Activities: ₹366.16 (vs ₹759.24)
  • Net Cash Used in Investing Activities: (₹52.56) (vs (₹490.22))
  • Net Cash Used in Financing Activities: (₹312.79) (vs (₹320.85))
  • Net Change in Cash: ₹0.81 (vs (₹51.83))
  • Cash at beginning: ₹12.67 (vs ₹59.21)
  • Cash at end: ₹13.48 (vs ₹7.38)

Notes to Financial Statements

1. Financial results prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under section 133 of the Companies Act 2013.

2. Results reviewed by Audit Committee and approved by Board of Directors on 14 November 2026.

3. Statutory Auditors conducted limited review as required under Regulation 33 of SEBI (LODR) Regulations, 2015.

4. Company has one reportable segment - co-packing services (Ind AS 108).

5. Results available on BSE Limited website and Company website.

6. Exceptional items for year ended 31 March 2026: Bad debts written off ₹170.93 lakhs and advance to vendors written off ₹102.72 lakhs (total ₹273.65 lakhs).

7. Operational bottlenecks in Q4 FY2025 resulted in abnormal inventory consumption of ₹241 lakhs, recognized under consumption of stores and consumables.

8. Previous period figures regrouped/reclassified to conform to current period classification.

Auditor's Review Report

  • PKF Sridhar & Santhanam LLP conducted limited review of interim financial results.
  • Review performed in accordance with Standard on Review Engagement (SRE) 2410.
  • Auditor concluded that nothing has come to their attention that causes them to believe the Statement contains any material misstatement.
  • Report signed by Viswanadh VNSS Kuchi, Partner (Membership No. 210789) on 14 November 2026.