Board Meeting Details

The Board of Directors meeting was held on November 12, 2026, commencing at 12:00 PM and concluding at 1:45 PM. The meeting approved:

  • Unaudited Standalone and Consolidated Financial Results for the half-year ended September 30, 2026, along with the Limited Review Report issued by the Statutory Auditor
  • Statement of deviation and variation in use of issue raised through Initial Public Offering (IPO) and Warrant issue pursuant to Regulation 32

Key Financial Figures - Standalone (₹ in Lakhs)

Income Statement Highlights:

  • Total Income: ₹753.42 lakhs (H1 FY27) vs ₹416.96 lakhs (H1 FY26)
  • Income from Operations: ₹618.89 lakhs (H1 FY27) vs ₹380.24 lakhs (H1 FY26)
  • Other Income: ₹134.53 lakhs (H1 FY27) vs ₹36.72 lakhs (H1 FY26)
  • Total Expenses: ₹348.12 lakhs (H1 FY27) vs ₹361.03 lakhs (H1 FY26)
  • Profit Before Tax: ₹405.30 lakhs (H1 FY27) vs ₹55.93 lakhs (H1 FY26)
  • Net Profit: ₹302.83 lakhs (H1 FY27) vs ₹36.32 lakhs (H1 FY26)
  • Earnings Per Share (Weighted Average): ₹2.47 (H1 FY27) vs ₹0.30 (H1 FY26)
  • Diluted EPS: ₹1.98 (H1 FY27) vs ₹0.31 (H1 FY26)

Balance Sheet Position (as at September 30, 2026):

  • Share Capital: ₹1,227.01 lakhs (unchanged from March 31, 2026)
  • Reserves & Surplus: ₹2,503.75 lakhs (increased from ₹2,200.92 lakhs)
  • Money Received Against Share Warrants: ₹585.00 lakhs (unchanged)
  • Total Equity: ₹4,012.93 lakhs
  • Total Assets: ₹4,553.05 lakhs (increased from ₹4,095.87 lakhs)
  • Cash & Cash Equivalents: ₹875.32 lakhs (decreased from ₹1,084.16 lakhs)

Key Financial Figures - Consolidated (₹ in Lakhs)

Income Statement Highlights:

  • Total Income: ₹651.74 lakhs (H1 FY27) vs ₹424.51 lakhs (H1 FY26)
  • Income from Operations: ₹618.94 lakhs (H1 FY27) vs ₹380.24 lakhs (H1 FY26)
  • Other Income: ₹32.79 lakhs (H1 FY27) vs ₹44.26 lakhs (H1 FY26)
  • Total Expenses: ₹353.61 lakhs (H1 FY27) vs ₹368.75 lakhs (H1 FY26)
  • Profit Before Tax: ₹298.13 lakhs (H1 FY27) vs ₹55.76 lakhs (H1 FY26)
  • Net Profit: ₹243.15 lakhs (H1 FY27) vs ₹32.09 lakhs (H1 FY26)
  • Earnings Per Share (Weighted Average): ₹1.98 (H1 FY27) vs ₹0.26 (H1 FY26)
  • Diluted EPS: ₹1.59 (H1 FY27) vs ₹0.26 (H1 FY26)
  • Minority Interest: ₹(47.50) lakhs (H1 FY27) vs ₹2.41 lakhs (H1 FY26)

Balance Sheet Position (as at September 30, 2026):

  • Share Capital: ₹1,227.01 lakhs (unchanged)
  • Reserves & Surplus: ₹2,560.53 lakhs (increased from ₹2,317.38 lakhs)
  • Minority Interest: ₹79.94 lakhs (decreased from ₹127.44 lakhs)
  • Money Received Against Share Warrants: ₹585.00 lakhs (unchanged)
  • Total Equity: ₹4,452.48 lakhs
  • Total Assets: ₹4,700.95 lakhs (increased from ₹4,367.66 lakhs)
  • Cash & Cash Equivalents: ₹897.25 lakhs (decreased from ₹1,148.85 lakhs)

Cash Flow Statements

Standalone Cash Flow (H1 FY27):

  • Net cash used in operating activities: ₹(318.39) lakhs
  • Net cash from investing activities: ₹113.13 lakhs
  • Net cash used in financing activities: ₹(3.58) lakhs
  • Net decrease in cash: ₹(208.84) lakhs

Consolidated Cash Flow (H1 FY27):

  • Net cash used in operating activities: ₹(259.41) lakhs
  • Net cash from investing activities: ₹11.40 lakhs
  • Net cash used in financing activities: ₹(3.58) lakhs
  • Net decrease in cash: ₹(251.60) lakhs

IPO Proceeds Utilization

The company raised ₹2,036.48 lakhs (net of expenses of ₹368.99 lakhs) through IPO. Utilization as of September 30, 2026:

  • Investment in Technology: ₹410.00 lakhs (fully utilized as proposed)
  • Unidentified Acquisition of Company: ₹0.00 lakhs utilized (₹356.48 lakhs unutilized)
  • Funding Working Capital: ₹790.00 lakhs (fully utilized as proposed)
  • General Corporate Purpose: ₹480.00 lakhs (fully utilized, with ₹79.02 lakhs utilized during H1 FY27)
  • Total Utilized: ₹1,680.00 lakhs
  • Total Unutilized: ₹356.48 lakhs

Share Warrant Proceeds Utilization

The company received ₹585.00 lakhs (25% of issue of 30,00,000 share warrants of ₹78 each). Utilization as of September 30, 2026:

  • In Wealth Samadhan Private Limited: ₹0.00 lakhs utilized (₹25.00 lakhs unutilized)
  • In Nyaya Mitra Limited: ₹53.50 lakhs utilized during H1 FY27 (₹46.50 lakhs unutilized)
  • Unidentified Acquisition of Company: ₹0.00 lakhs utilized (₹62.50 lakhs unutilized)
  • Funding Working Capital: ₹49.02 lakhs utilized during H1 FY27 (₹348.48 lakhs unutilized)
  • Total Utilized: ₹102.52 lakhs
  • Total Unutilized: ₹482.48 lakhs

Important Notes

1. The financial results are unaudited but have been subject to limited review by the statutory auditor, K S Choudhary & Co., who issued an unmodified opinion.

2. The company recognizes expenses relating to ongoing mandates in the period incurred, even if corresponding revenue will be realized in future periods.

3. The company operates in a single primary business segment, making segment reporting under AS-17 not applicable.

4. No deviations or variations were reported in the utilization of funds raised through IPO or preferential warrant issue.