Detailed Summary

Board Meeting Details

The meeting commenced at 03:00 PM and concluded at 04:00 PM on 12th November 2026.

Key Decisions and Updates

1. Demise of Chairman and Managing Director

  • The Board noted the sad demise of Mr. S. K. Gupta (DIN: 00248760), Chairman and Managing Director of the Company, who passed away on 13th October 2026.
  • The Board placed on record its condolences and appreciation for his valuable contributions.

2. Financial Results Approval

  • The Board approved and adopted the Un-Audited Financial Results (Standalone and Consolidated) for the Quarter and Half year ended 30th September 2026.
  • The results were reviewed and recommended by the Audit Committee at its meeting held on 11th November 2026.
  • The Financial Results include a Limited Review Report issued by the Statutory Auditors, G. Joseph & Associates.

3. Resignation of Chief Financial Officer

  • The Board noted the resignation of Mr. Kushagra Gupta from the position of Chief Financial Officer, effective from close of business hours on 4th November 2026.
  • This resignation was previously intimated to the Stock Exchange on 4th November 2026 under Regulation 30 of SEBI (LODR) Regulations, 2015.

4. Resignation of Independent Director

  • The Board noted the resignation of Ms. Mayuri Sinha (DIN: 08915515) from the position of Independent Director, effective from close of business hours on 4th November 2026.
  • The requisite disclosures were submitted to the Stock Exchange on 4th November 2026 under Regulation 30.

5. Appointment of Managing Director

  • Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Kushagra Gupta (DIN: 08477477) as Managing Director for five consecutive years with effect from 12th November 2026.
  • The appointment is subject to approval of shareholders and other statutory approvals.
  • Mr. Kushagra Gupta holds a BBA degree and Master's in Fashion and Apparel Business, with expertise in FMCG industry, food and beverage industry, family business management, project planning and development.
  • He is the son of Ms. Swati Gupta (DIN: 00249036), Non-Executive Director.
  • He has confirmed not being debarred from holding director office by SEBI or any statutory authority.

6. Appointment of Chief Financial Officer

  • The Board approved the appointment of Mr. Ladhu Singh as Chief Financial Officer with effect from 12th November 2026.
  • Mr. Singh is a highly experienced industrial and management professional with approximately 52 years of extensive professional experience across various manufacturing and industrial sectors.
  • His experience includes management, administration, supervision and overall functioning of industrial units including flour mills, chemical manufacturing facilities, cattle feed manufacturing units, and solvent extraction and refining industries.
  • He is not related to any of the Directors of the Company.

7. Other Business

  • The Board also considered and approved other items of business as set out in the Agenda.

Financial Results Summary (Standalone and Consolidated)

Quarter Ended 30th September 2026 (Figures in ₹ Millions)

  • Revenue from operations: ₹20.75
  • Total Income: ₹20.85 (including Other Income of ₹0.10)
  • Total expenses: ₹23.81
  • Cost of Materials Consumed: ₹1.21
  • Changes in Inventories: -₹0.85
  • Employee benefits expense: ₹3.68
  • Cost of Power & Fuel: ₹10.34
  • Finance Costs: ₹0.07
  • Depreciation and Amortisation: ₹0.70
  • Administration and Other Expenses: ₹8.66
  • Profit/Loss before Exceptional Items and Tax: -₹2.96
  • Exceptional Items: ₹0.00
  • Profit/Loss before Tax: -₹2.96
  • Tax Expense: ₹0.00
  • Profit/Loss for the Quarter: -₹2.96
  • Earnings per Equity Share (Face value ₹10): -₹0.27 (Basic and Diluted)

Half Year Ended 30th September 2026 (Figures in ₹ Millions)

  • Revenue from operations: ₹42.38
  • Total Income: ₹42.62 (including Other Income of ₹0.24)
  • Total expenses: ₹45.31
  • Profit/Loss before Exceptional Items and Tax: -₹2.69
  • Exceptional Items: ₹3.00
  • Profit/Loss before Tax: ₹0.31
  • Tax Expense: ₹0.50
  • Profit/Loss for the Period: -₹0.19
  • Earnings per Equity Share (Face value ₹10): -₹0.02 (Basic and Diluted)

Comparative Figures (Quarter Ended 30th June 2026)

  • Revenue from operations: ₹21.63
  • Profit/Loss for the Quarter: ₹2.77
  • Exceptional Items: ₹3.00

Comparative Figures (Quarter Ended 30th September 2025)

  • Revenue from operations: ₹17.76
  • Profit/Loss for the Quarter: -₹0.39

Year Ended 31st March 2026 (Audited)

  • Revenue from operations: ₹71.53
  • Profit/Loss for the Year: ₹42.47
  • Exceptional Items: ₹41.69

Share Capital

  • Paid-up Equity Share Capital: ₹10.79 million (Face Value per share ₹10 each)
  • Number of shares: 1,079,000

Auditor Review

  • G. Joseph & Associates, Chartered Accountants (Firm Regn. No.006310S) issued Limited Review Reports for both standalone and consolidated financial results
  • The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI
  • The auditors stated that nothing has come to their attention that causes them to believe the financial results contain any material mis-statement