Board Meeting Details

The Board of Directors meeting was held on Saturday, 14th November, 2026, at 12:00 P.M. at the Registered Office of the Company. The meeting commenced at 12:00 P.M. and concluded at 14:00 P.M.

Key Decisions Approved

1. Approval of Unaudited Financial Results

The Board considered and approved the Unaudited Standalone Financial Results of the Company for the half-year ended 30th September, 2026, along with the Limited Review Report issued by the Statutory Auditors of the Company.

2. Appointment of Secretarial Auditor

The Board, based on the recommendation of the Audit Committee, approved the appointment of CS Jignesh Shah, Practicing Company Secretary (Membership Number: A13189), as the Secretarial Auditor of the Company for the financial year 2026-27, subject to such approvals as may be required under applicable provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

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

Income Statement (₹ in Lakhs)

  • Revenue from Operations: ₹8,607.50 (Current Half-Year), ₹10,403.27 (Previous Half-Year), ₹9,409.46 (Current Quarter), ₹19,812.73 (Previous Year Comparable Period)
  • Other Income: ₹10.24 (Current Half-Year), ₹17.97 (Previous Half-Year), ₹0.70 (Current Quarter), ₹18.67 (Previous Year Comparable Period)
  • Total Income: ₹8,617.74 (Current Half-Year), ₹10,421.24 (Previous Half-Year), ₹9,410.16 (Current Quarter), ₹19,831.41 (Previous Year Comparable Period)
  • Cost of Materials Consumed: ₹5,691.10 (Current Half-Year), ₹6,000.25 (Previous Half-Year), ₹5,887.46 (Current Quarter), ₹11,887.71 (Previous Year Comparable Period)
  • Employee Benefits Expense: ₹666.04 (Current Half-Year), ₹689.85 (Previous Half-Year), ₹687.11 (Current Quarter), ₹1,376.96 (Previous Year Comparable Period)
  • Finance Cost: ₹233.87 (Current Half-Year), ₹298.08 (Previous Half-Year), ₹305.99 (Current Quarter), ₹604.07 (Previous Year Comparable Period)
  • Depreciation & Amortisation Expenses: ₹196.82 (Current Half-Year), ₹195.01 (Previous Half-Year), ₹190.70 (Current Quarter), ₹385.71 (Previous Year Comparable Period)
  • Profit Before Tax: ₹336.68 (Current Half-Year), ₹662.59 (Previous Half-Year), ₹353.51 (Current Quarter), ₹1,016.10 (Previous Year Comparable Period)
  • Tax Expense: ₹-78.78 (Current Half-Year), ₹-183.11 (Previous Half-Year), ₹-120.99 (Current Quarter), ₹-304.11 (Previous Year Comparable Period)
  • Current Tax: ₹-66.74 (Current Half-Year), ₹-158.44 (Previous Half-Year), ₹-74.47 (Current Quarter), ₹-232.92 (Previous Year Comparable Period)
  • Deferred Tax: ₹-12.04 (Current Half-Year), ₹-24.67 (Previous Half-Year), ₹-46.52 (Current Quarter), ₹-71.19 (Previous Year Comparable Period)
  • Profit for the Year from Continuing Operations: ₹257.90 (Current Half-Year), ₹479.48 (Previous Half-Year), ₹232.52 (Current Quarter), ₹712.00 (Previous Year Comparable Period)
  • Basic EPS (Face value of ₹10 each): ₹1.68 (Current Half-Year), ₹3.12 (Previous Half-Year), ₹1.52 (Current Quarter), ₹4.64 (Previous Year Comparable Period)
  • Diluted EPS (Face value of ₹10 each): ₹1.68 (Current Half-Year), ₹3.12 (Previous Half-Year), ₹1.52 (Current Quarter), ₹4.64 (Previous Year Comparable Period)

Balance Sheet Position as at 30th September 2026 (₹ in Lakhs)

  • Share Capital: ₹1,534.50 (Current Period), ₹1,023.00 (Previous Half-Year), ₹1,534.50 (Previous Year End)
  • Reserves and Surplus: ₹4,289.95 (Current Period), ₹4,064.09 (Previous Half-Year), ₹4,032.07 (Previous Year End)
  • Money Received Against Share Warrants: ₹5,824.45 (Current Period), ₹5,087.09 (Previous Half-Year), ₹5,566.57 (Previous Year End)
  • Share Application pending Allotment: ₹1,002.08 (Current Period)
  • Long-Term Borrowings: ₹1,240.07 (Current Period), ₹784.44 (Previous Half-Year), ₹913.51 (Previous Year End)
  • Short-Term Borrowings: ₹3,783.90 (Current Period), ₹4,138.13 (Previous Half-Year), ₹3,542.65 (Previous Year End)
  • Trade Payables: ₹3,821.42 (Current Period - Micro: ₹203.26, Others: ₹3,618.16), ₹3,557.31 (Previous Half-Year - Micro: ₹185.33, Others: ₹3,371.98), ₹3,527.56 (Previous Year End - Micro: ₹144.29, Others: ₹3,383.27)
  • Cash and Cash Equivalents: ₹1,124.61 (Current Period), ₹108.12 (Previous Half-Year), ₹44.99 (Previous Year End)
  • Total Assets: ₹16,755.39 (Current Period), ₹14,493.20 (Previous Half-Year), ₹14,526.23 (Previous Year End)

Cash Flow Statement (₹ in Lakhs)

  • Net Cash Flow from Operating Activities: ₹315.85 (Current Half-Year), ₹1,423.84 (Previous Half-Year), ₹-521.19 (Current Quarter), ₹902.64 (Previous Year Comparable Period)
  • Net Cash Flow from Investing Activities: ₹-648.19 (Current Half-Year), ₹-709.45 (Previous Half-Year), ₹-232.61 (Current Quarter), ₹-942.07 (Previous Year Comparable Period)
  • Net Cash Flow from Financing Activities: ₹1,334.46 (Current Half-Year), ₹-734.58 (Previous Half-Year), ₹774.97 (Current Quarter), ₹40.39 (Previous Year Comparable Period)
  • Net Increase in Cash & Cash Equivalents: ₹1,002.12 (Current Half-Year), ₹-20.19 (Previous Half-Year), ₹21.16 (Current Quarter), ₹0.97 (Previous Year Comparable Period)

Secretarial Auditor Appointment Details

  • Name: Mr. Jignesh Anubhai Shah
  • Membership No.: A13189
  • Certificate of Practice No.: 9492
  • Peer Review Certificate No.: 2529/2022
  • Date of appointment: 14th November, 2026
  • Term of appointment: Financial Year 2026-27
  • Brief Profile: Practicing Company Secretary with over 20 years experience in corporate secretarial practice and legal compliances
  • Relationship with Directors: Not related to any Director of the Company

Notes to Financial Statements

1. The unaudited financial results for half yearly have been reviewed by audit committee and approved by Board of Directors on 14th November 2026

2. Statutory Auditors have carried out Limited Review of these results

3. Prepared in accordance with SEBI Circular no CIR/CFD/FAC/62/2016 dated 5 July, 2016

4. Company business activity falls within a single primary business segment

5. Prepared in accordance with Companies (Indian Accounting Standard) Rules 2015

6. Company completed its Initial Public Offering (IPO) subsequent to the reporting period, with equity shares listed on SME Platform of BSE Limited on 8th October, 2026

Limited Review Report

P.M. Bagrecha & CO., Chartered Accountants (FRN: 0100860W) issued a limited review report stating that based on their review, nothing has come to their attention that causes them to believe that the accompanying statement of unaudited financial results contains any material misstatement.