Board Meeting Details

The Board of Directors meeting was held on November 12, 2026, commencing at 01:30 PM and concluding at 01:52 PM at the registered office at B-40, Okhla Industrial Area, Phase-I, New Delhi-110020, conducted through video conference and other audio-visual means (hybrid mode).

Key Decisions Approved

1. Approval of Financial Results: The Board approved the Standalone Un-Audited Financial Results along with Reconciliation Statement, Cash Flow Statement Indirect, copy of Limited Review Report and Declaration of unmodified opinion submitted by the Statutory Auditor for the quarter and half year ended September 30, 2026.

2. Resignation of Director: Accepted the resignation of Shri Satya Bhushan Lal Jain (DIN: 00002582) as Non-Executive Independent Director effective November 12, 2026. He resigned due to prevailing health conditions requiring attention and recuperation time. He held positions as Chairman of Audit Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee, and Independent Directors' Committee.

3. Appointment of New Director: Appointed Mr. Prashant Vyas (DIN: 12016887) as Additional Director (Non-Executive Independent) effective November 12, 2026, for a term of 5 years until November 11, 2031, subject to shareholder approval through postal ballot. Mr. Vyas is a Chartered Accountant with over 22 years of experience in the power sector across PSUs including NHPC, IPGCL, PPCL and KRIBHCO, and is not related to any existing directors.

4. Postal Ballot Approval: The Board approved conducting a postal ballot to seek shareholder approval for the appointment of Mr. Prashant Vyas as Independent Director. The cut-off date for voting rights is November 17, 2026, with e-voting period from November 25, 2026 (10:00 AM IST) to December 24, 2026 (5:00 PM IST).

5. Scrutinizer Appointment: Appointed Mr. Anand Kumar Singh, Partner of M/s Anand Nimesh & Associates, Practicing Company Secretaries (Membership No. F10812, Certificate of Practice No. 9404) as scrutinizer for the postal ballot process.

Financial Results Highlights (Standalone, Unaudited, Rupees in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹175.72
  • Other Income: ₹2.58
  • Total Income: ₹178.30
  • Total Expenses: ₹150.57
  • Profit before tax: ₹27.73
  • Tax Expense: ₹0.00
  • Net Profit: ₹27.73
  • EPS (Basic & Diluted): ₹0.62

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹315.59
  • Other Income: ₹4.32
  • Total Income: ₹319.91
  • Total Expenses: ₹289.57
  • Profit before tax: ₹30.34
  • Tax Expense: ₹0.00
  • Net Profit: ₹30.34
  • EPS (Basic & Diluted): ₹0.66

Comparative Performance:

  • Q2 FY26 Revenue: ₹115.95 lakh; Net Profit: ₹4.11 lakh
  • H1 FY26 Revenue: ₹188.39 lakh; Net Profit: ₹4.71 lakh
  • FY26 Audited Revenue: ₹334.47 lakh; Net Profit: ₹13.74 lakh

Balance Sheet Highlights (as of September 30, 2026):

  • Total Assets: ₹664.78 lakh
  • Equity Share Capital: ₹527.05 lakh (face value ₹10)
  • Reserves: ₹10.67 lakh
  • Total Equity: ₹537.72 lakh
  • Total Liabilities: ₹127.06 lakh