Board Meeting Details

The Board of Directors meeting was held on November 13, 2026, at the Registered Office from 4:30 PM to 4:48 PM IST. The board considered and approved:

1. Unaudited financial results for the half year ended September 30, 2026, with Limited Review Report (Regulation 33)

2. Statement of deviation or variation of IPO proceeds (Regulation 32)

3. Appointment of Secretarial Auditor under Section 204 of Companies Act, 2013

4. Cessation of Mr. Pawan Kumar Agrawal as Chief Financial Officer

5. Statutory, regulatory and listing compliances for H1 FY27

6. Satisfaction of charge and filing of Form CHG-4

Financial Results (Unaudited Standalone)

Income Statement (₹ lakhs):

  • Revenue from Operations: H1 FY27: 2,285.66 vs H1 FY26: 1,404.27 (63% increase)
  • Other Income: H1 FY27: 0.75 vs H1 FY26: 0.00
  • Total Income: H1 FY27: 2,286.41 vs H1 FY26: 1,404.27
  • Cost of material consumed: H1 FY27: 1,585.57 vs H1 FY26: 589.08
  • Employee benefit expenses: H1 FY27: 240.78 vs H1 FY26: 188.23
  • Finance cost: H1 FY27: 51.76 vs H1 FY26: 68.94
  • Profit before tax: H1 FY27: 276.14 vs H1 FY26: 155.01 (78% increase)
  • Total tax expenses: H1 FY27: 72.73 vs H1 FY26: 46.24
  • Profit for the period: H1 FY27: 203.40 vs H1 FY26: 108.77 (87% increase)
  • Basic EPS: H1 FY27: ₹3.86 vs H1 FY26: ₹2.06
  • Diluted EPS: H1 FY27: ₹3.86 vs H1 FY26: ₹2.06

Balance Sheet (₹ lakhs) as at September 30, 2026:

  • Share capital: 263.64 (unchanged from previous periods)
  • Reserves and surplus: 1,233.13 vs 819.52 (YoY increase)
  • Total equity: 1,496.77 vs 1,083.16 (YoY)
  • Long-term borrowings: 28.84 vs 366.86 (YoY decrease)
  • Short-term borrowings: 668.97 vs 370.86 (YoY increase)
  • Trade payables: 2,572.17 vs 2,222.77 (YoY increase)
  • Inventories: 2,274.61 vs 2,474.26 (YoY decrease)
  • Trade receivables: 2,247.60 vs 1,149.29 (YoY significant increase)
  • Cash and cash equivalents: 25.21 vs 156.30 (YoY decrease)

Cash Flow Statement (₹ lakhs) for H1 FY27:

  • Cash from operating activities: 166.50
  • Cash used in investing activities: (72.65)
  • Cash used in financing activities: (81.47)
  • Net increase in cash: 12.37

IPO Completion Details

The company completed its Initial Public Offer of 22,60,000 equity shares of face value ₹5 each through book building method with price band of ₹57 to ₹62 per share. The IPO was open from September 28, 2026, to September 30, 2026. Shares were allotted on October 15, 2026, at ₹62 per share (including premium of ₹57 per share), aggregating to ₹1,401.20 lakhs. The equity shares got listed on BSE SME Platform on October 6, 2026.

Management Changes

  • Mr. Pawan Kumar Agrawal ceased as Chief Financial Officer (effective date not specified)

Auditor Appointments

  • M/s. Sonam Jeetesh Agrawal and Associates appointed as Secretarial Auditor for FY 26-27 effective November 13, 2026
  • VMSM & CO issued limited review report on unaudited financial results

Certification

Management certification confirms financial results contain no false/misleading statements, comply with accounting standards, and have appropriate internal controls.