Summary of Key Information:

Reporting Period: Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results

Audit Opinion:

Unmodified Review Report - The auditors did not express an audit opinion but stated that nothing came to their attention causing belief that the financial results contain material misstatement.

Auditor’s Comment:

The auditors emphasized several matters including: Material uncertainty related to going concern due to accumulated losses of ₹12,473.14 lakh; Pending Enforcement Directorate provisional attachment order; Dormant bank accounts pending reconciliation; and Trade payables/receivables subject to reconciliation and confirmation.

Key Financial Highlights [All amounts in rupees lakh]:

Standalone Results:

Quarter ended September 30, 2026:

  • Revenue from operations: Not specified (shown as '-')
  • Other income: Not specified (shown as '-')
  • Total income from operations: Not specified (shown as '-')
  • Employee benefits expenses: ₹3.80
  • Finance costs: ₹0.60
  • Other expenses: ₹18.18
  • Total expenses: ₹22.58
  • Loss before tax: (₹22.58)
  • Tax expense: Not specified (shown as '-')
  • Net Loss: (₹22.58)
  • Total comprehensive loss: (₹22.58)
  • EPS Basic: (₹0.01)
  • EPS Diluted: (₹0.01)

Quarter ended June 30, 2026:

  • Net Loss: (₹15.48)
  • Total expenses: ₹15.48

Quarter ended September 30, 2025:

  • Net Loss: (₹32.77)
  • Total expenses: ₹32.77

Half Year ended September 30, 2026:

  • Net Loss: (₹38.07)
  • Total expenses: ₹38.07

Half Year ended September 30, 2025:

  • Net Loss: (₹49.38)
  • Other income: ₹0.38
  • Total expenses: ₹49.77

Year ended March 31, 2026 (Audited):

  • Net Loss: (₹74.16)
  • Other income: ₹2.39
  • Total expenses: ₹76.55

Balance Sheet Position as at September 30, 2026:

  • Paid-up equity share capital: ₹2,501.30 lakh (Face Value Re 1/- each)
  • Other equity: (₹1,611.386) lakh
  • Total equity: ₹889.914 lakh
  • Non-current assets: ₹2,540.59 lakh
  • Current assets: ₹950.32 lakh
  • Cash and cash equivalents: ₹4.51 lakh
  • Total assets: ₹3,490.92 lakh
  • Borrowings: ₹1,124.514 lakh
  • Current liabilities: ₹1,476.490 lakh
  • Total liabilities: ₹2,601.004 lakh

Cash Flow for Half Year ended September 30, 2026:

  • Net cash flow from operating activities: ₹1.53 lakh
  • Net cash flow from investing activities: ₹0.00 lakh
  • Net cash flow from financing activities: ₹0.00 lakh
  • Net increase in cash: ₹1.53 lakh
  • Cash at beginning: ₹2.98 lakh
  • Cash at end: ₹4.51 lakh

Segment-wise Performance:

The Company's business activities fall within a single reportable segment (primarily leasing and related activities). No additional segment disclosures required as per Ind AS 108.

Corporate Actions:

Preferential Issue:

  • Board approved on August 5, 2026 and shareholders approved on August 31, 2026
  • Preferential issue of 35,87,44,394 convertible warrants at issue price of ₹2.23 per warrant
  • Aggregate issue size: Approximately ₹80 crore
  • Received in-principle approvals from BSE and NSE on October 16, 2026
  • Received 25% consideration (approximately ₹20 crore) and allotted:
  • 13,45,29,149 warrants on October 26, 2026
  • 22,42,15,245 warrants on October 30, 2026
  • Each warrant convertible into one equity share upon payment of balance 75% within 18 months from allotment date

Dividend: Not declared

Share Capital Increase:

  • Authorized share capital increased from ₹65 crore to ₹79 crore
  • Comprising 61 crore equity shares of ₹1 each and 18 crore preference shares of ₹1 each
  • Approved by Board on August 5, 2026 and shareholders on August 31, 2026

Other Significant Information:

Acquisition:

  • Board approved on September 21, 2026 acquisition of shares in Satelite Forging Private Limited (related party)
  • Shareholders approved at AGM on September 30, 2026
  • Signed Share Purchase Agreement on October 26, 2026 with Adritah Autoparts Private Limited and Giriraj Advisors Private Limited
  • Proposed acquisition of 1,05,30,800 equity shares (62.14% stake) in Satelite Forging Private Limited
  • Consideration: ₹51.55 crore
  • To be completed as per SPA terms and regulatory requirements

Going Concern:

  • Accumulated losses as on September 30, 2026: ₹12,473.13 lakh
  • Financial results prepared on going concern basis
  • Management confident based on cash flow projections

Labour Codes:

  • Government notified four new Labour Codes on November 21, 2025
  • Impact assessment shows not material to Company
  • Company monitoring finalization of Central and State Rules