Board Meeting Details
The meeting commenced at 02:30 p.m. (IST) and concluded at 04:04 p.m. (IST).
Key Board Approvals
1. Unaudited Financial Results: Approved the unaudited (Standalone and Consolidated) financial results for the quarter and half year ended September 30, 2026, which were reviewed and recommended by the Audit Committee. The results were accompanied by a Limited Review Report from statutory auditors Bhagwagar Dalal & Doshi.
2. Epavo Electricals Acquisition: Approved acquisition of additional 50% of the paid-up equity share capital of Epavo Electricals Private Limited ("Epavo") from Epack Durable Limited, the other joint venture partner. Post-acquisition, the Company's shareholding in Epavo will increase from 50% to 100%, making Epavo a Wholly Owned Subsidiary (not material) effective from the closing date.
3. Land Acquisition Investment: Approved investment of up to ₹50 Crores for acquisition of land in Rajasthan for future expansion and business purposes.
Financial Results - Standalone (₹ in Lakhs)
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹1,93,446.55
- Other Income: ₹743.05
- Total Revenue: ₹1,94,189.60
- Profit Before Exceptional Items and Tax: ₹5,126.79
- Exceptional Items: ₹712.45 (Impairment of Investment in Epavo)
- Profit Before Tax: ₹4,414.34
- Tax Expense: ₹1,526.44
- Profit for the Period: ₹2,887.90
- Basic EPS: ₹3.09
- Diluted EPS: ₹3.09
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹3,76,645.64
- Other Income: ₹971.29
- Total Revenue: ₹3,77,616.93
- Profit Before Exceptional Items and Tax: ₹9,890.77
- Exceptional Items: ₹712.45 (Impairment of Investment in Epavo)
- Profit Before Tax: ₹9,178.32
- Tax Expense: ₹2,618.80
- Profit for the Period: ₹6,559.52
- Basic EPS: ₹7.03
- Diluted EPS: ₹7.02
Comparative Figures (Quarter Ended September 30, 2025):
- Revenue from Operations: ₹1,14,129.14
- Profit for the Period: ₹2,163.62
- Basic EPS: ₹2.32
Segment Performance - Standalone (Quarter Ended September 30, 2026)
- Winding wires and strips: Revenue ₹1,46,145.73; Segment Result ₹7,144.51
- Copper tubes and pipes: Revenue ₹47,300.82; Segment Result ₹1,326.26
Balance Sheet Position - Standalone (As of September 30, 2026)
- Total Assets: ₹2,28,893.33
- Total Equity: ₹63,122.55
- Total Liabilities: ₹1,65,770.78
- Borrowings (Non-current + Current): ₹70,849.77
- Trade Receivables: ₹73,909.35
- Inventories: ₹62,604.64
- Cash and Cash Equivalents: ₹3,439.45
Financial Results - Consolidated (₹ in Lakhs)
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹1,96,195.19
- Profit Before Tax: ₹5,153.88
- Profit for the Period: ₹3,570.46
- Basic EPS: ₹3.75
- Diluted EPS: ₹3.75
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹3,81,523.29
- Profit Before Tax: ₹9,763.36
- Profit for the Period: ₹7,086.81
- Basic EPS: ₹7.53
- Diluted EPS: ₹7.51
Consolidated Entities
- Subsidiary: Tefabo Product Private Limited (TPPL)
- Joint Ventures: Epavo Electricals Private Limited (EEPL), RR Imperial Electricals Limited (RRIEL)
Important Notes
1. Bonus Issue: The Company allotted 4,66,74,536 bonus shares (1:1 ratio) on December 26, 2025, by capitalizing reserves. EPS figures have been restated accordingly.
2. EPR Regulation: The Ministry of Environment, Forest and Climate Change notified Hazardous and Other Wastes (Management and Transboundary Movement) Amendment Rules, 2025, imposing Extended Producer Responsibility (EPR) for Scrap of Non-Ferrous Metals effective April 1, 2026. As the online portal and operational guidelines are not yet available, the financial impact cannot be reasonably determined.
3. Epavo Impairment: Considering the proposed acquisition of the remaining 50% stake in Epavo, the Company recognized a one-time impairment loss of ₹712.45 lakhs based on an independent valuer's report.
4. Segment Reporting: The Company has two reportable segments (Standalone): Winding wires and strips, and Copper tubes and pipes. Consolidated reporting includes three segments with the addition of "Others."