Key Quantitative Figures

Standalone Financial Results (₹ lakhs):

  • Q2 FY27 (Sep 30, 2026): Net Loss of ₹70.26 lakhs (Basic & Diluted EPS: -₹2.40)
  • Q1 FY27 (Jun 30, 2026): Net Loss of ₹30.90 lakhs (Basic & Diluted EPS: -₹1.06)
  • Q2 FY26 (Sep 30, 2025): Net Loss of ₹7.73 lakhs (Basic & Diluted EPS: -₹0.26)
  • H1 FY27: Net Loss of ₹101.16 lakhs (Basic & Diluted EPS: -₹3.46)
  • H1 FY26: Net Loss of ₹198.75 lakhs (Basic & Diluted EPS: -₹6.77)
  • FY26: Net Loss of ₹274.28 lakhs (Basic & Diluted EPS: -₹9.37)

Consolidated Financial Results (₹ lakhs):

  • Q2 FY27: Net Loss of ₹45.21 lakhs (Basic & Diluted EPS: -₹1.54)
  • Q1 FY27: Net Loss of ₹40.39 lakhs (Basic & Diluted EPS: -₹1.38)
  • H1 FY27: Net Loss of ₹85.60 lakhs (Basic & Diluted EPS: -₹2.92)
  • FY26: Net Loss of ₹327.51 lakhs (Basic & Diluted EPS: -₹11.19)

Revenue Performance:

  • Standalone Q2 FY27 Total Revenue: ₹20.78 lakhs (Net Sales: ₹20.05 lakhs)
  • Standalone H1 FY27 Total Revenue: ₹39.08 lakhs
  • Consolidated Q2 FY27 Total Revenue: ₹20.78 lakhs
  • Consolidated H1 FY27 Total Revenue: ₹39.08 lakhs

Assets and Liabilities (Standalone as of Sep 30, 2026):

  • Total Assets: ₹1,199.02 lakhs
  • Total Equity: Negative ₹424.10 lakhs
  • Total Liabilities: ₹1,623.12 lakhs
  • Current Financial Liabilities: ₹1,615.07 lakhs
  • Equity Share Capital: ₹292.72 lakhs (Face Value ₹10 each)

Cash Flow (Standalone H1 FY27):

  • Net cash from operating activities: ₹9.63 lakhs
  • Net cash used in investing activities: ₹0.73 lakhs
  • Net cash used in financing activities: ₹22.37 lakhs
  • Net decrease in cash: ₹12.01 lakhs
  • Cash and cash equivalents at end: ₹0.76 lakhs

Dates of Action

  • Board Meeting: November 14, 2026 (4:00 PM to 5:20 PM)
  • NCLT Order Date: August 20, 2026 (made available August 21, 2026)
  • First CoC Meeting: September 21, 2026
  • Auditor Appointment: Effective for FY 2026-27

Parties Involved

  • Interim Resolution Professional: MVK IPE LLP (Reg. No. IBBI/IPE-0134/IPA-1/2022-23/50028)
  • Designated Partner: Mr. Mangesh V. Kekre
  • New Internal Auditor: M/s. Garima Bagrecha & Co. (Firm Registration No. 040073C)
  • Auditor: CA Garima Bagrecha (Membership No. 417875)
  • Statutory Auditor: M/s. S. N. Gadiya & Co. (Firm Reg. No. 002052C)
  • Associates: Alpha Tar Industries Private Limited, Digital Micron Roto Print Private Limited

Corporate Insolvency Context

The company is under corporate insolvency resolution process (CIRP) pursuant to NCLT order dated August 20, 2026. With effect from August 20, 2026, the company's affairs, business and assets are being managed by the Interim Resolution Professional, MVK IPE LLP, represented by Mr. Mangesh V. Kekre. The First Committee of Creditors meeting on September 21, 2026 approved the appointment of the Interim Resolution Professional as Resolution Professional.

Financial Impact

The company continues to report significant losses both standalone and consolidated. The resolution professional has relied on management certifications and representations for approving the financial results. No tax expenses were recorded for any period presented.

Appointment Details

M/s. Garima Bagrecha & Co. appointed as internal auditor for FY 2026-27 pursuant to Section 138 of Companies Act, 2013. CA Garima Bagrecha is a qualified chartered accountant with extensive experience in audit, accounting, taxation, and financial reporting.

Auditor Review

The unaudited financial results were reviewed by M/s. S. N. Gadiya & Co., who issued limited review reports stating nothing came to their attention causing belief that the statements contain material misstatements. The review included procedures under SEBI Regulation 33(8).