Financial Results Overview

The company reported unaudited financial results for H1 FY27 ended September 30, 2026:

Income Statement Highlights (₹ in Lakhs):

  • Revenue from Operations: ₹36.09 (vs. ₹52.11 in H1 FY25, -30.7%)
  • Other Income: ₹39.84 (vs. ₹10.10 in H1 FY25, +294%)
  • Total Income: ₹75.93 (vs. ₹62.21 in H1 FY25, +22.1%)
  • Employee Benefit Expenses: ₹36.89 (vs. ₹13.03 in H1 FY25)
  • Depreciation & Amortization: ₹6.17 (vs. ₹7.29 in H1 FY25)
  • Other Expenses: ₹37.85 (vs. ₹28.97 in H1 FY25)
  • Total Expenses: ₹80.91 (vs. ₹49.29 in H1 FY25)
  • Loss before Tax: ₹(4.98) (vs. Profit of ₹12.92 in H1 FY25)
  • Tax Benefit: ₹(1.61) (Current: ₹0, Deferred: ₹(1.61))
  • Net Loss: ₹(3.37) (vs. Net Profit of ₹9.94 in H1 FY25)
  • Basic & Diluted EPS: ₹(0.04) (vs. ₹0.13 in H1 FY25)

Comparative Performance:

  • Compared to full year FY26 audited results: Revenue increased from ₹2.64 lakh to ₹36.09 lakh, but net profit declined from profit of ₹2.54 lakh to loss of ₹(3.37) lakh

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

  • Paid-up Equity Share Capital: ₹785.30 lakh (unchanged)
  • Other Equity: ₹564.87 lakh (vs. ₹568.24 lakh as at March 31, 2026)
  • Total Equity: ₹1,350.17 lakh
  • Property, Plant and Equipment: ₹181.09 lakh
  • Non-Current Investments: ₹707.00 lakh
  • Short Term Loans & Advances: ₹504.25 lakh
  • Cash & Cash Equivalents: ₹0.65 lakh
  • Other Current Liabilities: ₹43.50 lakh
  • Total Assets: ₹1,397.51 lakh

Cash Flow Statement (H1 FY27):

  • Net Cash from Operating Activities: ₹(45.76) lakh
  • Net Cash from Investing Activities: ₹0
  • Net Cash from Financing Activities: ₹39.84 lakh
  • Net Decrease in Cash: ₹(5.92) lakh
  • Closing Cash Balance: ₹0.64 lakh

Auditor's Review and Qualifications

Choudhary Choudhary & Co., Chartered Accountants conducted a limited review and issued a qualified opinion noting:

1. Non-interest-bearing advances totaling ₹67 lakh:

  • ₹75 lakh advanced to Beaumont Tradecom Private Limited during August-September 2026, with ₹13 lakh repaid during the half year
  • Balance of ₹62 lakh outstanding as at September 30, 2026, received back on October 12, 2026
  • ₹5 lakh advanced to Bothra Amit HUF on June 29, 2026, outstanding as at September 30, 2026
  • Management represented these were for business purposes but provided no written agreement, board approval, or transaction particulars
  • No interest charged on these advances
  • Compliance with Sections 179(3) and 186 of Companies Act not confirmed by Board

2. Comparative figures: Figures for half year ended March 31, 2026 are balancing figures between audited FY26 results and published unaudited YTD figures up to September 30, 2025

Governance and Approval Process

  • Financial results reviewed and recommended by Audit Committee
  • Taken on record by Board of Directors in meeting held on November 14, 2026
  • Meeting commenced at 17:45 hrs and concluded at 18:25 hrs
  • Signed by Rajesh Kumar Negi, Managing Director (DIN: 08131019)

Financial Impact Assessment

Financial impact quantified in the disclosure with detailed financial statements showing net loss of ₹3.37 lakh for H1 FY27.