Prabhatam Infra Q2 Net Profit ₹51.85 Lakh

Revenue from operations: ₹25.00 (vs ₹0.00 in Q2 FY26)
Other Income: ₹73.02 (vs ₹0.30 in Q2 FY26)
Total Income: ₹98.02 (vs ₹0.30 in Q2 FY26)
Employee benefits expense: ₹3.80 (vs ₹1.20 in Q2 FY26)
Finance costs: ₹14.87 (vs ₹1.86 in Q2 FY26)
Depreciation and amortization: ₹11.04 (vs ₹0.00 in Q2 FY26)
Other expenses: ₹16.46 (vs ₹2.14 in Q2 FY26)
Profit/(Loss) before tax: ₹51.85 profit (vs ₹4.89 loss in Q2 FY26)
Net profit/(loss) for period: ₹51.85 profit (vs ₹4.89 loss in Q2 FY26)
Basic EPS: ₹0.03 (vs ₹(0.03) in Q2 FY26)
Diluted EPS: ₹0.03 (vs ₹(0.03) in Q2 FY26)

Revenue from operations: ₹25.00 (vs ₹0.00 in H1 FY26)
Other Income: ₹85.87 (vs ₹0.30 in H1 FY26)
Total Income: ₹110.87 (vs ₹0.30 in H1 FY26)
Employee benefits expense: ₹7.40 (vs ₹2.18 in H1 FY26)
Finance costs: ₹27.99 (vs ₹3.42 in H1 FY26)
Depreciation and amortization: ₹22.07 (vs ₹0.00 in H1 FY26)
Other expenses: ₹28.58 (vs ₹8.24 in H1 FY26)
Profit/(Loss) before tax: ₹24.84 profit (vs ₹13.54 loss in H1 FY26)
Net profit/(loss) for period: ₹24.84 profit (vs ₹13.54 loss in H1 FY26)
Basic EPS: ₹0.03 (vs ₹(0.07) in H1 FY26)
Diluted EPS: ₹0.03 (vs ₹(0.07) in H1 FY26)

Existing business (Lease rental): Income ₹12.75 lakhs, Other income ₹0.27 lakhs, Total expense ₹20.81 lakhs, Net loss ₹7.79 lakhs
New business (Consultancy and Other Income): Income ₹85.00 lakhs, Total expense ₹25.34 lakhs, Net profit ₹59.66 lakhs

Property, Plant and Equipment: ₹358.24 (vs ₹380.78)
Investments: ₹1,756.31 (vs ₹0.00)
Loans and Advances: ₹343.79 (vs ₹141.00)
Other non-current assets: ₹4.62 (vs ₹4.25)
Trade Receivables: ₹34.00 (vs ₹0.00)
Cash and Cash equivalents: ₹1.86 (vs ₹1.38)
Other current assets: ₹4.63 (vs ₹4.68)
Total Assets: ₹2,503.46 (vs ₹532.09)

Equity Share Capital: ₹2,217.92 (vs ₹192.81)
Other Equity: ₹(261.62) (vs ₹(286.45))
Lease Liabilities (Non-current): ₹339.00 (vs ₹364.33)
Other Long Term Liabilities: ₹8.50 (vs ₹0.00)
Short Term Borrowings: ₹115.57 (vs ₹182.34)
Lease Liabilities (Current): ₹36.52 (vs ₹21.83)
Trade payables: ₹0.78 (vs ₹0.00)
Other financial liabilities: ₹43.37 (vs ₹43.72)
Other current liabilities: ₹3.43 (vs ₹13.52)

Net Cash flow from Operating Activities: ₹(259.85) outflow
Net Cash flow from Investing Activities: ₹(1,756.31) outflow (mainly investments in entities)
Net Cash flow from Financing Activities: ₹2,016.65 inflow (mainly issue of share capital ₹2,025.10)
Net increase in cash and cash equivalents: ₹0.48
Cash and cash equivalents at end: ₹1.86 (Kotak Mahindra Bank Current Account ₹1.83 + Cash in Hand ₹0.02)

Company name changed from "B J Duplex Boards Limited" to "Prabhatam Infra Venture Limited" effective June 2, 2026
Completed share swap agreement dated April 9, 2026, approved by Board on April 8, 2026 and shareholders on May 8, 2026
Acquired 1,45,465 equity shares (87.91%) of Prabhatam Infrastructures Limited in exchange for 14,40,10,350 equity shares of Prabhatam Infra Venture Limited at swap ratio of 990:1
Share swap completed and shares allotted on July 21, 2026
Consideration: Nominal value of shares issued ₹1,440.10 lakhs vs share capital of PIL acquired ₹14.55 lakhs, difference of ₹1,425.56 lakhs recognized in Capital Reserve

Prabhatam Infrastructures Limited: 87.91% subsidiary acquired through share swap, accounted as business combination under common control using pooling of interests method
H L Buildwell Private Limited: 100% subsidiary of PIL, acquired under resolution plan approved under Insolvency and Bankruptcy Code in August 2023, goodwill of ₹413.91 lakhs recognized
Swastik Agro Fresh LLP: 63.24% capital/56.30% profit share acquired on June 20, 2026 with capital contribution of ₹316.21 lakhs, goodwill of ₹0.54 lakhs recognized

Equity share capital increased from ₹190.29 lakhs to ₹1,775.15 lakhs during the quarter
Paid-up equity share capital as of September 30, 2026: ₹2,217.92 lakhs (face value ₹1 each)
Significant dilution due to issuance of 14,40,10,350 shares in share swap

Shares under Stage IV of BSE's Graded Surveillance Measure (GSM) framework pursuant to BSE Notice No. 20261111-28 dated November 11, 2026
Trading restrictions: trade-to-trade settlement, 5% price band, trading only on first trading day of each week, no upward price movement permitted
Buyers required to furnish Additional Surveillance Deposit (ASD) equal to 100% of trade value
Management assessed no adjustment required to financial results due to GSM status
Statutory auditors A D Goyal & Associates issued unmodified review opinions on both standalone and consolidated financial results

Company operates in single business segment - real estate development and allied activities
Inter-corporate deposits and loans generally interest-free, repayable on demand, classified as current financial assets/liabilities
Loans to and from related parties being reviewed for compliance with Sections 185 and 186 of Companies Act, 2013
Revenue recognition for real estate sales follows percentage-of-completion method from previous GAAP, pending transition to Ind AS 115 point-in-time recognition
Material subsidiaries: Prabhatam Infrastructures Limited (99.1% of turnover, 99.8% of net worth) and H L Buildwell Private Limited (49.1% of net worth)
Results available on company website www.bjduplexboard.com and BSE website www.bseindia.com