Board Approvals

The Board considered and approved:

1. The Unaudited Financial Results for the Half Year ended on September 30, 2026

2. The Limited Review Report for the Half Year ended on September 30, 2026

Financial Results Highlights (Half Year Ended September 30, 2026)

Revenue:

  • Revenue from Operations: ₹188.49 lakhs
  • Net Sales/Revenue from Operations: ₹188.47 lakhs
  • Other Operating Revenue: ₹0.02 lakhs
  • Other Income: ₹0.02 lakhs
  • Total Revenue: ₹188.49 lakhs

Expenses: ₹232.81 lakhs

  • Cost of Materials Consumed: ₹144.27 lakhs
  • Purchases of Stock in Trade: ₹32.22 lakhs
  • Changes in inventories: (₹6.97) lakhs
  • Employee benefits expense: ₹14.52 lakhs
  • Financial Cost: ₹17.29 lakhs
  • Depreciation and amortization expense: ₹12.29 lakhs
  • Other Expenses: ₹16.18 lakhs

Profit/(Loss):

  • Loss before tax: (₹44.32) lakhs
  • Tax Expense: ₹8.84 lakhs
  • Current tax: ₹0.00 lakhs
  • Deferred tax asset/(liability): ₹8.84 lakhs
  • Net loss for the period: (₹35.48) lakhs

Earnings Per Share (Face Value ₹10/- each):

  • Basic: (₹0.35)
  • Diluted: (₹0.35)

Comparative Financial Data

Half Year Ended September 30, 2026 vs September 30, 2025:

  • Revenue decreased from ₹215.19 lakhs to ₹188.49 lakhs
  • Net loss of (₹35.48) lakhs vs net profit of ₹0.08 lakhs

Year Ended March 31, 2026 (Audited):

  • Total Revenue: ₹1,178.21 lakhs
  • Net loss: (₹5.80) lakhs

Capital Structure Impact

During the review period, the company completed the conversion of 28,00,000 Convertible Warrants into 28,00,000 Equity Shares:

  • Conversion approved by Board on June 18, 2026
  • Each warrant converted into one equity share of face value ₹10/- each
  • Conversion price: ₹15/- per equity share
  • Allotted to Promoters of the Company
  • Paid-up share capital increased from ₹13,21,50,500 to ₹16,01,50,500
  • Promoter's shareholding increased by 6.40%

Balance Sheet Position (As at September 30, 2026)

Total Assets: ₹3,493.13 lakhs

  • Non-current assets: ₹1,756.17 lakhs
  • Current assets: ₹1,736.96 lakhs

Equity and Liabilities:

  • Total equity: ₹2,553.56 lakhs
  • Equity share capital: ₹1,601.51 lakhs
  • Other equity: ₹952.05 lakhs
  • Non-current liabilities: ₹483.02 lakhs
  • Current liabilities: ₹456.55 lakhs

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net cash used in operating activities: (₹101.68) lakhs
  • Net cash used in investing activities: (₹6.00) lakhs
  • Net cash from financing activities: ₹127.11 lakhs
  • Net increase in cash and cash equivalents: ₹19.43 lakhs
  • Cash and cash equivalents at end of period: ₹101.59 lakhs

Auditor's Limited Review Report

Ankit Suresh Jain & Co., Chartered Accountants, issued a limited review report stating that nothing came to their attention causing them to believe that the financial results:

  • Contain any material misstatement
  • Have not disclosed information required under Regulation 33 of SEBI (LODR) Regulations, 2015

The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.