Board Meeting Details

The Board of Directors meeting was held on Monday, October 26, 2026, commencing at 9:30 PM and concluding at 10:00 PM. The Board considered and approved the Standalone and Consolidated Unaudited Financial Statements for the half year ended September 30, 2026, based on the recommendation of the Audit Committee.

Financial Results Submission

1. Unaudited standalone and consolidated Financial Results for the half year ended September 30, 2026

2. Limited Review Report issued by statutory auditors M/s APRA & Associates LLP, Chartered Accountants

Standalone Financial Performance (All amounts in ₹ Lakhs)

Income Statement Highlights:

  • Revenue from operations: ₹2,258.52 (H1 FY27) vs ₹2,418.47 (H1 FY26) vs ₹5,857.57 (FY26)
  • Other Income: ₹36.75 (H1 FY27) vs ₹12.56 (H1 FY26) vs ₹769.99 (FY26)
  • Total Income: ₹2,295.28 (H1 FY27) vs ₹2,431.04 (H1 FY26) vs ₹6,627.56 (FY26)
  • Total Expenses: ₹3,681.49 (H1 FY27) vs ₹2,010.41 (H1 FY26) vs ₹6,307.63 (FY26)
  • Loss before tax: ₹(1,386.22) (H1 FY27) vs Profit of ₹161.55 (H1 FY26) vs Profit of ₹60.85 (FY26)
  • Tax expense: ₹(16.66) (deferred tax benefit) (H1 FY27) vs ₹11.06 (H1 FY26) vs ₹45.34 (FY26)
  • Net Loss: ₹(1,369.56) (H1 FY27) vs Net Profit of ₹150.49 (H1 FY26) vs Net Profit of ₹15.51 (FY26)
  • Basic EPS: ₹(13.35) (H1 FY27) vs ₹1.48 (H1 FY26) vs ₹0.15 (FY26)

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

  • Share capital: ₹1,025.76 lakh (unchanged from March 31, 2026)
  • Reserves and surplus: ₹4,663.49 lakh (decreased from ₹6,033.34 lakh as of March 31, 2026)
  • Money received against share warrants: ₹1,475.04 lakh (unchanged)
  • Long-term borrowings: ₹116.84 lakh (decreased from ₹514.64 lakh)
  • Short-term borrowings: ₹186.54 lakh (increased from ₹33.04 lakh)
  • Trade payables to micro/small enterprises: ₹886.37 lakh (increased from ₹525.00 lakh)
  • Trade payables to other creditors: ₹1,994.54 lakh (decreased from ₹2,559.03 lakh)
  • Cash and bank balances: ₹14.72 lakh (decreased from ₹708.69 lakh)
  • Other bank balances: ₹48.25 lakh (increased from ₹9.49 lakh)
  • Inventories: ₹1,663.07 lakh (decreased from ₹1,773.49 lakh)
  • Trade receivables: ₹4,701.66 lakh (decreased from ₹5,035.28 lakh)

Cash Flow Statement (H1 FY27):

  • Net cash used in operating activities: ₹(958.80) lakh
  • Net cash from investing activities: ₹539.53 lakh
  • Net cash used in financing activities: ₹(274.69) lakh
  • Net decrease in cash: ₹(693.96) lakh

Consolidated Financial Performance (All amounts in ₹ Lakhs)

Income Statement Highlights:

  • Revenue from operations: ₹2,258.52 (H1 FY27) vs ₹2,622.02 (H1 FY26) vs ₹6,236.26 (FY26)
  • Other Income: ₹36.75 (H1 FY27) vs ₹26.76 (H1 FY26) vs ₹787.67 (FY26)
  • Total Income: ₹2,295.28 (H1 FY27) vs ₹2,648.77 (H1 FY26) vs ₹7,023.93 (FY26)
  • Total Expenses: ₹3,681.49 (H1 FY27) vs ₹2,209.73 (H1 FY26) vs ₹6,797.48 (FY26)
  • Loss before tax: ₹(1,386.22) (H1 FY27) vs Profit of ₹179.96 (H1 FY26) vs Loss of ₹(32.63) (FY26)
  • Loss from associate: ₹(197.61) (H1 FY27) vs Loss of ₹(54.30) (H1 FY26) vs Loss of ₹(344.43) (FY26)
  • Total Net Loss: ₹(1,567.17) (H1 FY27) vs Net Profit of ₹111.68 (H1 FY26) vs Net Loss of ₹(428.22) (FY26)
  • Basic EPS: ₹(13.35) (H1 FY27) vs ₹1.10 (H1 FY26) vs ₹(4.21) (FY26)

Consolidated Entities:

The consolidation includes Quest Flow Control LLC (45% stake, Associate)

Auditor's Review

Statutory auditors M/s APRA & Associates LLP issued an unmodified review conclusion on both standalone and consolidated financial results, stating that nothing has come to their attention that causes them to believe the statements contain any material misstatement.

Notes to Financial Statements

1. Financial results prepared in accordance with Accounting Standards prescribed under Section 133 of Companies Act, 2013

2. Results reviewed by Audit Committee and approved by Board of Directors on October 26, 2026

3. Trade payables, loans and advances, trade receivables are subject to confirmation and reconciliations

4. Figures for previous periods have been regrouped/reclassified where necessary