Key Decisions and Financial Results

The Board of Directors meeting was held on November 12, 2026, commencing at 12:26 p.m. and concluding at 4:27 p.m. The Board considered and approved the following:

1. Unaudited Financial Results for Q2 and H1 FY27: The unaudited standalone financial results for the quarter and half year ended September 30, 2026, were approved. These results were reviewed by the Audit Committee and the statutory auditors, M/s. Nemani Garg Agarwal & Co., Chartered Accountants, have issued a limited review report.

2. Alteration of Memorandum of Association (MOA): Subject to shareholder and other regulatory approvals, the Board approved an alteration in the main object clause (Clause III (A)) of the company's MOA. A new sub-clause 8 is to be inserted to expand the company's business scope into the design, development, manufacturing, and dealing of precision parts and systems for defense, internal security, and paramilitary forces.

Detailed Financial Performance (Amounts in ₹ Lakhs)

Income Statement Highlights for Q2 FY27 (Unaudited):

  • Income from Operations: ₹2,141.97
  • Other Income: ₹20.94
  • Total Income: ₹2,162.91
  • Total Expenses: ₹2,338.49
  • Loss before tax: (₹175.58)
  • Tax Income: (₹34.80) [Deferred Tax]
  • Net Loss for the quarter: (₹140.77)
  • Total Comprehensive Loss for the quarter: (₹140.77)
  • Basic and Diluted EPS: (₹1.02)

Income Statement Highlights for H1 FY27 (Unaudited):

  • Income from Operations: ₹3,470.02
  • Other Income: ₹63.34
  • Total Income: ₹3,533.36
  • Total Expenses: ₹4,007.55
  • Loss before tax: (₹474.19)
  • Tax Income: (₹97.53) [Deferred Tax]
  • Net Loss for the period: (₹376.66)
  • Total Comprehensive Loss for the period: (₹376.66)
  • Basic and Diluted EPS: (₹2.72)

Balance Sheet Position as of September 30, 2026 (Unaudited):

  • Total Assets: ₹11,205.12
  • Non-Current Assets: ₹5,215.22 (Includes Property, Plant & Equipment: ₹3,372.25, Right-of-Use Assets: ₹1,189.23)
  • Current Assets: ₹5,989.91 (Includes Inventories: ₹2,162.94, Trade Receivables: ₹1,756.31)
  • Total Equity: ₹1,103.61 (Equity Share Capital: ₹1,384.88, Other Equity: (₹281.27))
  • Total Liabilities: ₹10,101.51
  • Non-Current Liabilities: ₹3,535.19
  • Current Liabilities: ₹6,566.32 (Includes Borrowings: ₹3,523.58, Trade Payables: ₹1,427.31)

Cash Flow for H1 FY27 (Unaudited):

  • Net Cash Used in Operating Activities: (₹285.68)
  • Net Cash Used in Investing Activities: (₹95.00)
  • Net Cash From Financing Activities: ₹377.34
  • Net Decrease in Cash & Equivalents: (₹3.34)
  • Cash & Equivalents at Period End: ₹6.17

MOA Alteration Details

The proposed new object clause (8) under Clause III (A) of the MOA will allow the company to engage in the business of precision machined parts, mechanical components, and allied systems for defense and security applications. This includes, but is not limited to, parts for small arms, area protection guns, electro-optic systems, electronic warfare systems, radar systems, communication systems, tactical infrastructure, C4I2 systems, and unmanned platforms for defense, internal security, border security, and paramilitary forces. The stated purpose is to more comprehensively describe and support the company's expansion plans and efficient business conduct.

Other Key Information

  • Trading Window: Closed for directors and designated persons until November 15, 2026, reopening on November 16, 2026, as per SEBI (Prohibition of Insider Trading) Regulations, 2015.
  • Compliance: The financial results are prepared in compliance with Indian Accounting Standard (Ind-AS) 34.
  • Document Availability: The disclosures and financial results are available on the company's website, www.pel-india.in.