Board Meeting Details
The Board of Directors meeting was held on Thursday, November 12, 2026, commencing at 4:00 PM and concluding at 5:31 PM. The meeting approved the standalone unaudited financial statements for the half-year ended September 30, 2026.
Financial Highlights (Half-Year Ended September 30, 2026)
Revenue from Operations: ₹1,991.21 lakhs (Previous period: ₹2,040.71 lakhs)
Other Income: ₹28.47 lakhs (Previous period: ₹8.77 lakhs)
Total Income: ₹2,019.67 lakhs (Previous period: ₹2,049.48 lakhs)
Net Profit: ₹165.15 lakhs (Previous period: ₹172.13 lakhs)
Earnings Per Share (Basic & Diluted): ₹5.40 (Previous period: ₹5.63)
Revenue Breakdown
Revenue From Maintenance: ₹781.00 lakhs
Revenue From Power Supply: ₹1,204.17 lakhs
Revenue From Turn key Project: ₹6.03 lakhs
Expense Breakdown
Operating Expenses: ₹1,238.75 lakhs
Employee Benefit Expenses: ₹379.62 lakhs
Finance Costs: ₹10.05 lakhs
Depreciation & Amortization: ₹23.98 lakhs
Other Expenses: ₹139.70 lakhs
Total Expenses: ₹1,792.10 lakhs
Tax Expenses
Current Income Tax: ₹54.81 lakhs
Deferred Tax/(Reversal): ₹7.62 lakhs
Total Tax Expenses: ₹62.42 lakhs
Balance Sheet Position (as at September 30, 2026)
Total Equity and Liabilities: ₹3,709.38 lakhs
Total Assets: ₹3,709.38 lakhs
Equity and Liabilities
Share Capital: ₹306.00 lakhs (30,60,000 equity shares of ₹10 each)
Reserves & Surplus: ₹2,535.56 lakhs
Long-term Borrowings: ₹163.00 lakhs
Long-term Provisions: ₹104.10 lakhs
Short-term Borrowings: ₹104.42 lakhs
Trade Payables: ₹217.62 lakhs (MSME: ₹217.62 lakhs, Others: ₹0)
Other Current Liabilities: ₹309.33 lakhs
Short-term Provisions: ₹87.71 lakhs
Assets
Property, Plant and Equipment (Net Block): ₹380.53 lakhs
Non-Current Investment: ₹0
Deferred Tax Asset (Net): ₹8.67 lakhs
Other Non-Current Assets: ₹1,861.05 lakhs (Security Deposit and other deposits)
Trade Receivables: ₹330.64 lakhs
Cash and Cash Equivalents: ₹494.28 lakhs
Short-term Loans and Advances: ₹511.69 lakhs
Other Current Assets: ₹122.51 lakhs
Cash Flow Statement
Net Cash Flow from Operating Activities: ₹(79.19) lakhs
Net Cash Flow from Investing Activities: ₹(93.29) lakhs
Net Cash Flow from Financing Activities: ₹(37.84) lakhs
Net Decrease in Cash/Cash Equivalent: ₹(310.44) lakhs
Cash and Cash Equivalent at beginning: ₹804.73 lakhs
Cash and Cash Equivalent at close: ₹494.28 lakhs
Share Capital Details
Equity Share Capital: ₹306.00 lakhs (30,60,000 equity shares of ₹10 each)
Shares outstanding at beginning and end: 30,60,000 shares
Major Shareholders (5% or more)
Rithwik Rajesekhar Raman: 11,02,500 shares (36.03%)
Lalitha Raman: 539,999 shares (17.65%)
Ramaneesh Ravi Raman: 472,500 shares (15.44%)
Shareholding Pattern
Promoter and Promoter Group: 22,50,000 shares (73.53%)
Public: 8,10,000 shares (26.47%)
Reserves & Surplus
Securities Premium Account: ₹714.00 lakhs
Surplus: ₹1,821.56 lakhs (Opening: ₹1,687.01 lakhs, Add: Net Profit ₹165.15 lakhs, Less: Final Dividend ₹30.60 lakhs)
Borrowings Details
Long-term Borrowings: ₹68.69 lakhs
From Banks: ₹34.03 lakhs (Secured)
From Financial Institutions: ₹34.66 lakhs (Unsecured)
Less: Current maturities: ₹(24.06) lakhs
Net Long-term Borrowings: ₹44.63 lakhs
Specific Loan Details
TATA Capital - Business Loan: Sanctioned ₹160.97 lakhs (29-09-2023), Interest rate 12.04%, 35 monthly installments of ₹0.545 lakhs, fully paid
TATA Capital - Chiller Loan: Sanctioned ₹94.15 lakhs (30-09-2024), Current balance ₹34.66 lakhs, Interest rate 13.03%, 35 monthly installments of ₹3.36 lakhs, 23 installments paid, 12 balance
HDFC Bank - Car Loan: Sanctioned ₹7.86 lakhs (02-01-2023), Interest rate 9.01%, 36 monthly installments of ₹0.25 lakhs, fully paid
HDFC Bank - Car Loan: Sanctioned ₹39.55 lakhs (17-03-2026), Current balance ₹34.03 lakhs, Interest rate 8.04%, 39 monthly installments of ₹1.16 lakhs, 3 installments paid, 36 balance
Dividend Information
Final Dividend: ₹30.60 lakhs declared and paid
Auditor's Review Report
SVRJNS & Co., Chartered Accountants (FRN: 019519S) conducted limited review of the financial results. The review report states that nothing has come to their attention that causes them to believe that the financial statements are not prepared in all material respects in accordance with the applicable accounting standards and SEBI regulations.
Key Ratios
Current Ratio: 2.03 (Previous: 1.96)
Debt Equity Ratio: 0.02 (Previous: 0.03)
Debt Service Coverage Ratio: 4.81 (Previous: 4.73)
Return On Equity Ratio: 5.81% (Previous: 6.81%)
Trade Receivable Turnover Ratio: 5.67 (Previous: 5.98)
Trade Payable Turnover Ratio: 5.76 (Previous: 6.12)
Net Profit Ratio: 8.29% (Previous: 8.43%)
Return on Capital Employed: 7.95% (Previous: 8.82%)
Contingent Liabilities
Goods and Services Act:
- FY 2017-18: ₹20.38 lakhs
- FY 2019-20: ₹14.31 lakhs
- FY 2019-20: ₹11.61 lakhs
- FY 2021-22: ₹462.82 lakhs
Related Party Transactions
Key Managerial Personnel:
Rithwik Rajshekar Raman (Managing Director), Rishabhdev Rajshekhar Raman (Director), Niranjan Rao (Whole Time Director), Shama Prasanna (Independent Director), T Suresh Babu (CFO), Jayaraman (Independent Director), S Jayapandi (Company Secretary), Anitha Radhakrishnan (Independent Director), Ranjit Patro (Director)
Remuneration to KMP:
Rithwik Rajashekhar Raman: ₹12.00 lakhs (Previous: ₹9.75 lakhs)
Niranjan Rao V.: ₹3.60 lakhs (Previous: ₹3.30 lakhs)
Jayapandi: ₹5.00 lakhs (Previous: ₹8.36 lakhs)
Suresh Babu T: ₹18.00 lakhs (Previous: ₹16.02 lakhs)
Audit Fees
Statutory Audit Fees: ₹0.50 lakhs
Tax Audit Fees: ₹0.15 lakhs
Internal Audit Fees: ₹0.40 lakhs
Special Audit Fees: ₹0.35 lakhs
Total: ₹1.40 lakhs
MSME Dues
Dues outstanding for more than 45 days: ₹0.28 lakhs