Key Board Meeting Outcomes

1. Financial Results Approval: The Board considered, approved, and took on record the Unaudited Financial Statements (Standalone and Consolidated) for the quarter and half year ended 30th September 2026. The results were signed by Director Shri Devendra Kumar Mantri (DIN: 00075664), who was authorized by the Board for this purpose. The following documents were enclosed:

  • Unaudited Standalone and Consolidated Financial Results.
  • Limited Review Report from the Joint Statutory Auditors (Maheshwari & Associates and Agrawal Subodh & Co.) on the aforesaid results.

2. Donation Approval: Subject to shareholder approval via Postal Ballot, the Board approved donations to bona fide charitable and other funds under Section 181 of the Companies Act, 2013. The approved limit is up to ₹15 crores (Rupees Fifteen Crores) or five percent of the average net profits of the Company for the three immediately preceding financial years, whichever is higher, in any financial year.

3. NCD Proceeds Utilization: A statement under Regulation 52(7) and 52(7A) of SEBI LODR regarding the utilization of issue proceeds from Listed, Unsecured, Rated, Redeemable, Non-cumulative, Non-Convertible Debentures (NCDs) was provided, indicating no material deviations (Annexure A).

Detailed Standalone Financial Results (Quarter ended 30th September 2026)

  • Total Income: ₹18,640.27 Lakhs
  • Revenue from Operations: ₹18,639.34 Lakhs, comprising:
  • Interest Income: ₹1,434.33 Lakhs
  • Dividend Income: ₹16,567.93 Lakhs
  • Rental Income: ₹26.22 Lakhs
  • Net gain on fair value changes: ₹604.05 Lakhs
  • Others: ₹16.81 Lakhs
  • Other Income: ₹0.93 Lakhs
  • Total Expenses: ₹5,540.04 Lakhs
  • Profit Before Tax (PBT): ₹13,100.23 Lakhs
  • Tax Expense: ₹2,307.00 Lakhs (Current Tax), (₹2.97 Lakhs) (Deferred Tax)
  • Net Profit for the period: ₹10,796.20 Lakhs
  • Earnings Per Share (EPS) (Basic & Diluted): ₹97.51 (not annualized)
  • Paid-up Equity Share Capital: ₹1,107.23 Lakhs (Face Value ₹10 each)

Detailed Standalone Financial Results (Half year ended 30th September 2026)

  • Total Income: ₹20,091.54 Lakhs
  • Profit Before Tax (PBT): ₹9,643.83 Lakhs
  • Net Profit for the period: ₹7,341.78 Lakhs
  • Earnings Per Share (EPS) (Basic & Diluted): ₹66.31 (not annualized)

Key Standalone Balance Sheet Items (as at 30th September 2026)

  • Total Assets: ₹20,70,543.29 Lakhs
  • Investments: ₹20,41,867.84 Lakhs
  • Financial Liabilities (Borrowings - Debt Securities): ₹2,46,438.60 Lakhs
  • Total Equity: ₹16,94,472.67 Lakhs

Detailed Consolidated Financial Results (Quarter ended 30th September 2026)

The consolidated results include the Parent Company, its two subsidiaries (PIC Realcon Ltd., PIC Properties Ltd.), and one associate (Aditya Birla Real Estate Ltd.).

  • Total Income: ₹18,699.04 Lakhs
  • Profit Before Tax (PBT): ₹13,158.08 Lakhs
  • Share of Profit/(Loss) in Associate: ₹28,576.78 Lakhs
  • Net Profit for the period: ₹39,416.21 Lakhs
  • Earnings Per Share (EPS) (Basic & Diluted): ₹355.99 (not annualized)

Detailed Consolidated Financial Results (Half year ended 30th September 2026)

  • Total Income: ₹20,166.12 Lakhs
  • Profit Before Tax (PBT): ₹9,716.50 Lakhs
  • Net Profit for the period: ₹34,690.72 Lakhs
  • Earnings Per Share (EPS) (Basic & Diluted): ₹313.31 (not annualized)

NCD Proceeds Utilization (Annexure A)

  • Issuer: Pilani Investment and Industries Corporation Limited
  • Mode of Fund Raising: Private Placement
  • Instrument Type: Listed, Unsecured, Rated, Redeemable, Non-cumulative, Non-Convertible Debenture (NCD)
  • Date of Raising Funds: 25th March 2026
  • Amount Raised: ₹500 Crores
  • Funds Utilized as on 30th September 2026: ₹500 Crores
  • Deviation: No
  • Audit Committee & Auditors Comments: No Comments

Commercial Paper (CP) Details

A list of 12 Commercial Papers (CPs) with various ISINs, due dates between August 2026 and March 2027, and amounts totaling ₹2,45,000 Lakhs was provided. Four CPs due by 22nd September 2026 were paid on their due dates. Eight CPs with later due dates were not due as of 30th September 2026.

Credit Ratings

  • Commercial Paper: CARE A1+ (CARE), CRISIL A1+ (CRISIL)
  • Non-Convertible Debentures: CARE AA+/STABLE (CARE), CRISIL AA+/STABLE (CRISIL)

Auditors' Report

The Joint Statutory Auditors, Maheshwari & Associates and Agrawal Subodh & Co., issued an unmodified review report stating that based on their review, nothing has come to their attention that causes them to believe that the accompanying Statement contains any material misstatement. The review was conducted in accordance with SRE 2410 issued by ICAI.