Key Quantitative Figures

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹1,411.62 Lakhs
  • Other Income: ₹11.59 Lakhs
  • Total Income: ₹1,423.21 Lakhs
  • Total Expenses: ₹1,479.66 Lakhs
  • Profit/(Loss) Before Tax: (₹68.70) Lakhs
  • Provision for Taxation: ₹0.00 Lakhs
  • Net Profit/(Loss) for the Period: (₹68.70) Lakhs
  • Total Comprehensive Income for the Period: (₹65.88) Lakhs
  • Earnings Per Share (Basic & Diluted): (₹0.29)

Half-Yearly Performance (H1 FY27)

  • Revenue from Operations: ₹2,659.11 Lakhs
  • Other Income: ₹52.24 Lakhs
  • Total Income: ₹2,711.36 Lakhs
  • Total Expenses: ₹2,844.50 Lakhs
  • Profit/(Loss) Before Tax: (₹145.40) Lakhs
  • Provision for Taxation: ₹0.00 Lakhs
  • Net Profit/(Loss) for the Period: (₹145.40) Lakhs
  • Total Comprehensive Income for the Period: (₹142.58) Lakhs
  • Earnings Per Share (Basic & Diluted): (₹0.61)

Balance Sheet Highlights (as at 30-Sep-2026)

  • Total Equity: ₹4,061.23 Lakhs (Equity Share Capital: ₹2,400.00 Lakhs; Other Equity: ₹1,661.23 Lakhs)
  • Total Assets: ₹13,457.91 Lakhs
  • Non-Current Assets: ₹4,469.97 Lakhs (Includes Property, Plant & Equipment: ₹380.81 Lakhs)
  • Current Assets: ₹8,987.95 Lakhs (Includes Inventories: ₹1,472.98 Lakhs; Trade Receivables: ₹2,914.95 Lakhs; Cash & Cash Equivalents: ₹5.28 Lakhs)
  • Total Liabilities: ₹9,396.68 Lakhs

Disputed Amounts & Contingencies (As highlighted by Auditor)

  • Amounts Recoverable under Dispute (Other Non-Current Assets): ₹2,900.25 Lakhs
  • Investment in Liquors India Limited: ₹825.71 Lakhs
  • Loan to Liquors India Limited: ₹1,640.52 Lakhs
  • Amount from Lemonade Shares & Securities Pvt Ltd (Other Current Financial Liabilities): ₹1,094.00 Lakhs
  • Loan to S V Distilleries Private Limited (Other Current Financial Assets): ₹2,544.25 Lakhs
  • Investment in S V Distilleries Private Limited (Current Investments): ₹247.79 Lakhs
  • Undeposited Statutory Dues: ₹314.70 Lakhs (Includes Tax Collected at Source of ₹155.44 Lakhs)

Dates of Action

  • Board Meeting: November 12, 2026 (Commenced at 16:15 hours, concluded at 16:36 hours)
  • Period Ended: September 30, 2026
  • Auditor's Review Report Date: November 12, 2026
  • SEBI Order Date (referenced): March 12, 2019
  • NCLAT Interim Stay Date (referenced): November 28, 2023
  • ED Attachment Order Date (referenced): March 25, 2026
  • ED Confirmation Order Date (referenced): September 7, 2026
  • SAT Hearing (referenced): Orders reserved on September 8, 2026

Parties Involved

  • Statutory Auditor: Ramanand & Associates, Chartered Accountants
  • Regulators/Bodies Mentioned: Securities and Exchange Board of India (SEBI), National Company Law Tribunal (NCLT), National Company Law Appellate Tribunal (NCLAT), Supreme Court of India, Enforcement Directorate (ED), XVI Additional District and Sessions Court, Malkajgiri, Hyderabad.
  • Other Entities: Liquors India Limited, Lemonade Shares & Securities Private Limited, S V Distilleries Private Limited, Anil Agrawal and Associates.

Purpose & Rationale

The disclosure was made to inform the stock exchanges about the outcome of the Board meeting where the unaudited financial results were approved, as required by SEBI Listing Regulations.

Financial & Operational Impact

  • The company reported a net loss for the quarter and half-year.
  • The auditor's report is qualified, indicating potential material misstatements concerning the recoverability of disputed amounts totaling several thousand lakhs. The financial impact of these uncertainties is stated as "unascertainable".
  • The company has not provided for Expected Credit Loss on several significant financial assets (loans and receivables) or for interest on delayed statutory payments.
  • An investment in S V Distilleries Pvt Ltd is not measured at fair value as required by accounting standards.

Capital Structure Impact

No change in equity share capital reported during the period. It remained at ₹2,400.00 Lakhs.

Cash Flow Implications

  • Net Cash from Operating Activities: (₹155.42) Lakhs (Outflow)
  • Net Cash from Investing Activities: (₹22.53) Lakhs (Outflow)
  • Net Cash from Financing Activities: ₹158.91 Lakhs (Inflow)
  • Net Change in Cash: (₹19.04) Lakhs (Decrease)
  • Cash & Cash Equivalents at End of Period: ₹5.28 Lakhs

Restatement of Prior Period

Figures for the quarter ended June 30, 2026, have been restated. An income-tax refund of ₹83.53 Lakhs previously recognized in Other Income has been corrected by adjusting it against the tax asset. Consequently, the Q1 FY27 result was revised from a profit of ₹6.83 Lakhs to a loss of ₹76.70 Lakhs. The half-yearly figures are unaffected.

Exceptional Items

An exceptional item of ₹12.25 Lakhs was recorded in H1 FY27, representing a shortfall in the gratuity provision as of March 31, 2026, identified by a subsequent actuarial valuation.

Forward-Looking Guidance

No explicit forward-looking guidance or management commentary was provided in the disclosure.

#Tags: #RaviKumarDistilleries #Q2Results #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Negative