Board Meeting Details

The Board of Directors meeting was held on November 13, 2026. The meeting commenced at 12:30 PM and concluded at 3:30 PM. The trading window for dealing in shares of the Company was closed for all Directors/KMPs/Designated Employees/Connected Persons from October 1, 2026, until 48 hours after the declaration of unaudited financial results.

Financial Results Overview

Standalone Financials (Rupees in Lakhs)

Profit and Loss Statement for Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹3,623.60
  • Other Income: ₹111.73
  • Total Income: ₹3,735.34
  • Total Expenses: ₹3,242.39
  • Profit Before Tax: ₹492.94
  • Tax Expense: ₹141.63 (Current tax: ₹157.10, Deferred tax: ₹-15.47)
  • Profit for the Period: ₹351.31
  • Basic and Diluted EPS: ₹3.42

Comparative Figures:

  • Half Year Ended September 30, 2025: Profit of ₹322.68 lakhs
  • Year Ended March 31, 2026: Profit of ₹658.14 lakhs

Balance Sheet as of September 30, 2026:

  • Share Capital: ₹1,027.92
  • Reserve & Surplus: ₹3,782.95
  • Total Equity: ₹4,810.87
  • Total Liabilities: ₹7,333.79
  • Total Assets: ₹7,333.79

Cash Flow Statement for Half Year Ended September 30, 2026:

  • Net cash from operating activities: ₹378.79
  • Net cash used in investing activities: ₹-956.77
  • Net cash from financing activities: ₹579.80
  • Net increase in cash: ₹1.82
  • Cash and cash equivalents at end: ₹5.19

Consolidated Financials (Rupees in Lakhs)

Profit and Loss Statement for Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹3,541.62
  • Other Income: ₹47.92
  • Total Income: ₹3,589.54
  • Total Expenses: ₹3,243.15
  • Profit Before Tax: ₹346.40
  • Tax Expense: ₹141.63 (Current tax: ₹157.10, Deferred tax: ₹-15.47)
  • Profit for the Period: ₹204.77
  • Basic and Diluted EPS: ₹1.99

Balance Sheet as of September 30, 2026:

  • Share Capital: ₹1,027.92
  • Reserve & Surplus: ₹3,635.53
  • Total Equity: ₹4,663.45
  • Total Liabilities: ₹7,297.55
  • Total Assets: ₹7,297.55

Cash Flow Statement for Half Year Ended September 30, 2026:

  • Net cash from operating activities: ₹450.64
  • Net cash used in investing activities: ₹-1,032.58
  • Net cash from financing activities: ₹579.35
  • Net decrease in cash: ₹-2.59
  • Cash and cash equivalents at end: ₹10.03

Auditor Review

CA VS Bapna & Associates (FRN: 131079W) conducted a limited review of both standalone and consolidated financial results. Their review report, dated November 13, 2026, states that nothing came to their attention causing them to believe that the financial results contain any material misstatement. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410 issued by ICAI.

Fund Utilization Certificate

A separate certificate dated November 13, 2026, from CA VS Bapna & Associates details the utilization of funds raised through the Initial Public Offering (IPO) as of September 30, 2026:

| Particulars | Projected Utilization | Expensed | FDR with Bank | Unutilized Bank Balance |

| Funding Capital Expenditure towards Purchase of Forklift, Hand Pallet Trolley, Reach stacker | ₹724.100 | ₹246.800 | ₹477.300 | - |

| Funding of capital expenditure requirements towards set up of Warehouse packing System | ₹160.480 | ₹0 | ₹160.480 | - |

| Funding towards the Development of Software for Warehouse Management | ₹105.020 | ₹35.400 | ₹69.620 | - |

| Funding the Working Capital requirements | ₹1,011.432 | ₹907.265 | ₹104.167 | - |

| General Corporate Purposes | ₹667.000 | ₹667.000 | - | - |

| Total | ₹2,668.032 | ₹1,856.465 | ₹811.567 | - |

The certificate confirms that utilization is in accordance with the objects stated in the offer document with no deviations.