Key Quantitative Figures

Standalone Financials (Year Ended March 31, 2026):

  • Revenue from Operations: ₹6,236.26 lakh (FY25: ₹6,721.24 lakh)
  • Total Income: ₹7,023.93 lakh (FY25: ₹6,794.34 lakh)
  • Profit/(Loss) Before Tax: ₹60.85 lakh (FY25: ₹319.94 lakh)
  • Profit/(Loss) for the Period: ₹15.51 lakh (FY25: ₹210.41 lakh)
  • Earnings Per Share (Basic & Diluted): ₹0.15 (FY25: ₹2.07)

Standalone Financials (Half Year Ended March 31, 2026):

  • Profit/(Loss) Before Tax: ₹-100.69 lakh
  • Profit/(Loss) for the Period: ₹-134.98 lakh
  • Earnings Per Share (Basic & Diluted): ₹-1.33

Consolidated Financials (Year Ended March 31, 2026):

  • Revenue from Operations: ₹6,236.26 lakh (FY25: ₹6,721.24 lakh)
  • Total Income: ₹7,023.93 lakh (FY25: ₹6,794.34 lakh)
  • Profit/(Loss) Before Tax: ₹-32.64 lakh (FY25: ₹894.28 lakh)
  • Profit/(Loss) for the Period: ₹-428.23 lakh (FY25: ₹679.51 lakh)
  • Profit/(Loss) from Associate (Quest Flow LLC): ₹-344.43 lakh (FY25: ₹-4.90 lakh)
  • Earnings Per Share (Basic & Diluted): ₹-4.21 (FY25: ₹6.69)

Consolidated Financials (Half Year Ended March 31, 2026):

  • Profit/(Loss) Before Tax: ₹-212.61 lakh
  • Profit/(Loss) for the Period: ₹-539.92 lakh
  • Profit/(Loss) from Associate: ₹-290.12 lakh
  • Earnings Per Share (Basic & Diluted): ₹-5.31

Balance Sheet Highlights (Standalone as at March 31, 2026):

  • Total Equity: ₹8,534.14 lakh (FY25: ₹6,643.59 lakh)
  • Share Capital: ₹1,025.76 lakh (FY25: ₹1,016.01 lakh)
  • Reserves and Surplus: ₹6,033.34 lakh (FY25: ₹5,627.59 lakh)
  • Money Received Against Share Warrants: ₹1,475.04 lakh (FY25: ₹0)
  • Total Assets: ₹12,765.87 lakh (FY25: ₹8,405.32 lakh)
  • Trade Receivables: ₹5,035.28 lakh (FY25: ₹3,775.04 lakh)
  • Inventories: ₹1,773.49 lakh (FY25: ₹713.30 lakh)

Cash Flow (Consolidated for Year Ended March 31, 2026):

  • Net Cash Used in Operating Activities: ₹-803.65 lakh (FY25: ₹448.58 lakh generated)
  • Net Cash Used in Investing Activities: ₹-820.64 lakh (FY25: ₹-1,627.02 lakh)
  • Net Cash Generated from Financing Activities: ₹1,883.78 lakh (FY25: ₹1,307.32 lakh)
  • Proceeds from Issue of Share Warrants: ₹1,475.04 lakh

Dates of Action

  • Board Meeting Date: May 28, 2026
  • Financial Period Ended: March 31, 2026
  • Auditor's Report Date: May 28, 2026
  • Audit Committee Review Date: May 28, 2026

Parties Involved

  • Statutory Auditors: M/s. Bilimoria Mehta & Co, Chartered Accountants (FRN: 101490W)
  • Audit Partner: Mr. Hardik Patel (Membership No.: 199891)
  • Associate: Quest Flow LLC (45% stake, acquired during current period)
  • Board Signatories: Swaroop Raghuvir Natekar (Whole-Time Director, DIN: 05154850), Brijesh Madhav Manerikar (Managing Director, DIN: 05154847)

Purpose or Stated Rationale

The disclosure is a regulatory requirement to inform shareholders and the stock exchange about the company's audited financial performance for the specified periods.

Financial Impact

  • The consolidated entity reported a significant net loss of ₹428.23 lakh for FY26, primarily due to a ₹344.43 lakh loss from the associate Quest Flow LLC.
  • The company received ₹1,475.04 lakh against share warrants, strengthening the equity position.
  • Trade payables increased significantly to ₹3,084.03 lakh (₹525.00 lakh to micro/small enterprises + ₹2,559.03 lakh to others) from ₹833.00 lakh in FY25.
  • Investments in non-current assets increased to ₹542.04 lakh from ₹6.24 lakh in FY25.

Exceptional Items

During the financial year ended September 2025, the company paid a one-time royalty fee of ₹259.08 lakh pursuant to a royalty agreement. This non-recurring payment has been classified as an exceptional item in accordance with AS-5.

Auditor's Opinion

The statutory auditors, M/s. Bilimoria Mehta & Co, issued an unmodified opinion on both the standalone and consolidated financial results, confirming they present a true and fair view in conformity with applicable accounting standards and regulatory requirements.

Notes to Financial Results

1. The financial results have been prepared in accordance with Accounting Standards prescribed under Section 133 of the Companies Act, 2013.

2. The company is primarily engaged in one business segment, so no separate segment information is provided.

3. The figures for the half year ended March 31, 2026 are balancing figures between the audited full year and published unaudited half year figures up to September 30, 2025.

4. The associate Quest Flow LLC was acquired during the current period, hence previous year figures are the same as standalone figures.