Key Quantitative Figures (Q1 FY27 vs Q1 FY26 vs Q4 FY26)

  • Revenue from Operations: ₹265.02 lakhs (Q1 FY26: ₹268.94 lakhs; Q4 FY26: ₹456.59 lakhs)
  • Total Income: ₹265.29 lakhs (Q1 FY26: ₹269.16 lakhs; Q4 FY26: ₹467.25 lakhs)
  • Total Expenses: ₹262.48 lakhs (Q1 FY26: ₹285.01 lakhs; Q4 FY26: ₹414.05 lakhs)
  • Profit/(Loss) Before Tax: ₹2.81 lakhs profit (Q1 FY26: ₹15.85 lakhs loss; Q4 FY26: ₹53.20 lakhs profit)
  • Tax Expense: ₹(1.10) lakhs (deferred tax credit) (Q1 FY26: ₹31.04 lakhs expense; Q4 FY26: ₹(10.56) lakhs credit)
  • Profit/(Loss) After Tax: ₹3.91 lakhs profit (Q1 FY26: ₹46.89 lakhs loss; Q4 FY26: ₹63.76 lakhs profit)
  • Earnings Per Share (Basic & Diluted): ₹0.01 (Q1 FY26: ₹(0.06); Q4 FY26: ₹0.08)
  • Paid-up Equity Share Capital: ₹756.50 lakhs (unchanged)

Segment-Wise Performance (Q1 FY27)

The company operates in two reportable segments as per Ind AS 108:

1. Trading of Solar Power Generating System and ancillaries: Revenue ₹265.02 lakhs; Segment Result (Operating) Loss of ₹16.90 lakhs; Assets ₹931.05 lakhs; Liabilities ₹368.43 lakhs.

2. Manufacturing of Industrial bags: Revenue ₹0.00 lakhs (net of inter-segment revenue); Segment Result (Operating) Profit of ₹39.03 lakhs; Assets ₹1,437.26 lakhs; Liabilities ₹1,167.94 lakhs.

Board Meeting Outcomes and Dates

The Board meeting commenced at 03:30 PM and concluded at 04:15 PM on August 4, 2026. The following items were approved:

1. Approval of Financial Results: The Standalone Unaudited Financial Results for the quarter ended June 30, 2026, were reviewed and approved. The results were prepared in compliance with Ind AS and SEBI LODR Regulations.

2. Adoption of Auditors' Report: The Limited Review Report from the statutory auditors, M A A K & Associates, was adopted. The report contained no modified opinion, qualifications, reservations, or adverse remarks.

3. Shifting of Registered Office: The Board approved a proposal to shift the company's registered office inter-state from its current location at H 7 LGF Lajpat Nagar II, New Delhi, 110024 (NCT of Delhi) to F-12, 1st Floor, Pushpak Appt, Satellite, Ahmedabad, Gujarat, 380015. This is subject to approval by shareholders via a Special Resolution through a Postal Ballot and subsequent approvals from the Regional Director (Northern Region) and other applicable authorities.

4. Alteration of Memorandum of Association: Consequent to the proposed shift, the Board approved the alteration of Clause II (Situation Clause) of the MoA to replace "NCT of Delhi" with "State of Gujarat".

5. Postal Ballot Schedule: The Board approved the following critical dates for the Postal Ballot process to seek shareholder approval for the office shift and MoA alteration:

  • Cut-off Date: Friday, August 7, 2026, to determine shareholder eligibility.
  • Dispatch Date: Monday, August 10, 2026, for electronic dispatch of the Notice.
  • Remote E-Voting Period: Commences at 09:00 AM IST on Wednesday, August 12, 2026, and concludes at 05:00 PM IST on Thursday, September 10, 2026.

6. Appointment of Scrutinizer: The Board appointed Ishit Vyas & Co., Company Secretaries (represented by Mr. Ishit Vyas, Proprietor, COP No.: 8112), to act as the Scrutinizer for the e-voting process.

Notes to Financial Results

1. The financial results are prepared in accordance with Indian Accounting Standards (Ind AS).

2. The results were reviewed by the Audit Committee and approved by the Board on August 4, 2026. The statutory auditors have issued an unmodified limited review report.

3. The company has two reportable operating segments: "Trading in Solar Generating System and Ancillaries" and "Manufacturing of Industrial Bags".

4. The company has capital work-in-progress for two projects: (i) a Solar Power Plant and (ii) construction of own manufacturing premises for the FIBC Bags unit. Costs are capitalized until project completion.