Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half-Yearly ended September 30, 2026

Nature of Filing / Announcement: Submission of Un-audited Financial Results and Limited review report pursuant to Regulation 30 & 33 of SEBI (LODR) Regulations, 2015

Date of Board Meeting / Approval: November 12, 2026 (5:30 PM to 6:30 PM IST)

Audit Opinion: Qualified Review Opinion

Auditor's Comment: Multiple qualifications affecting earnings quality, including non-provision of employee benefits, impairment not considered, unconfirmed balances, and non-provision of interest on loans

Key Financial Highlights [Rs. in lakhs]

Standalone Results:

Quarter Ended 30.09.2026:

  • Revenue from Operations: ₹2,326.47 (vs ₹876.07 in Q2 FY26 - 165.6% YoY increase)
  • Other Income: ₹19.82
  • Total Income: ₹2,346.29
  • Total Expenses: ₹2,680.49
  • Profit/(Loss) before Tax: (₹338.21)
  • Net Profit/(Loss): (₹334.21)
  • EPS: (₹1.26) per share of ₹10 each

Half-Year Ended 30.09.2026:

  • Revenue from Operations: ₹4,159.05
  • Other Income: ₹1,373.58
  • Total Income: ₹5,532.59
  • Profit/(Loss) before Tax: (₹591.00)
  • Net Profit/(Loss): (₹591.00)
  • EPS: (₹2.20) per share of ₹10 each

Comparative Figures:

  • Q2 FY26 Net Loss: (₹422.81) lakhs
  • H1 FY26 Net Loss: (₹618.82) lakhs
  • FY26 Audited Net Loss: (₹2,384.48) lakhs

Balance Sheet Position as at 30.09.2026 [Rs. in lakhs]:

  • Property, Plant and Equipment: ₹1,618.26 (vs ₹1,677.10 as at 31.03.2026)
  • Investments: ₹7.30
  • Financial Assets: ₹742.47
  • Trade Receivables: ₹1,633.92
  • Cash and Cash Equivalents: ₹27.03 (significant decrease from ₹123.17)
  • Inventories: ₹1,637.68
  • Total Assets: ₹10,608.85
  • Share Capital: ₹2,644.16
  • Other Equity: (₹11,629.05) [Negative]
  • Total Equity: (₹8,984.89) [Negative]
  • Long Term Borrowings: ₹10,712.40
  • Current Borrowings from Bank: ₹666.73
  • Trade Payables: ₹4,069.87
  • Total Liabilities: ₹10,608.85

Cash Flow Statement for H1 FY27 [Rs. in lakhs]:

  • Net Cash used in Operating Activities: (₹354.86)
  • Net Cash used in Investing Activities: (₹60.28)
  • Net Cash from Financing Activities: ₹319.00 (Loans from Directors)
  • Net Decrease in Cash: (₹96.14)
  • Cash Opening Balance (01.04.2026): ₹123.17
  • Cash Closing Balance (30.09.2026): ₹27.03

Segment-wise Performance:

Segment reporting is not applicable as the entire operations relate to one segment - Manufacturing of Ceramic Tiles.

Corporate Actions:

Not Specified

Other Significant Information:

Insurance Claim:

  • Arbitral Tribunal awarded ₹133.30 crores + interest in March 2022 for property damage claims
  • Insurance Company filed set-aside petition; Principal District Judge largely confirmed award
  • Insurance Company appealed to Division Bench of Madras High Court
  • Company filed cross-appeal u/s 37 before Division Bench

Operational Update:

  • Refurbished one manufacturing line in Yanam plant, ready to recommence operations
  • Exclusive manufacturing arrangement for glazed vitrified tiles in Andhra Pradesh (ongoing for 24 months)
  • Financial statements prepared on "going concern" basis

Subsidiaries/Associates:

No Subsidiaries / Associates / Joint Venture Companies as on 30th Sep 2026