Board Meeting Details
The meeting was held on Tuesday, 03rd November, 2026, at C-13, MIDC Ambad, Nashik, Maharashtra-422010. The meeting commenced at 3:30 p.m. (IST) and concluded at 4:20 p.m. (IST).
Agenda Items Approved
1. Internal Audit Review: Considered and reviewed draft internal audit report for Q1 and Q2 of financial year 2026-27 as recommended by the audit committee.
2. Insider Trading Policy Update: Considered and approved the revision (addition/deletion) in list of designated persons/connected persons of the company as per code of conduct for prevention of insider trading framed by the company in pursuance of SEBI (Prohibition of Insider Trading) regulations, 2015.
3. Regulatory Compliance Certificate: Reviewed and approved certificate issued by Chief Financial Officer (CFO) and Managing Director pursuant to Regulation 33(2)(a) of SEBI (LODR) Regulations, 2015 for the Half year ended 30th September, 2026.
4. Financial Results Approval: Considered the recommendation of Audit Committee and approved the Unaudited Standalone Financial Results of the Company for the Half Year ended on 30th September, 2026 along with Limited Review Report.
5. Related Party Transactions: Considered the recommendation of audit committee and reviewed the related party transactions entered by the company.
6. Regulatory Compliance Noting: Noting of quarterly/half yearly/annual compliances under SEBI (LODR) regulations, 2015 and SEBI (depository & participant) regulations, 2018 for the half year ended on 30th September, 2026.
Financial Results for Half Year Ended September 30, 2026
Income Statement Highlights (Amount in ₹ Lakhs):
- Revenue from Operations: ₹4,328.28
- Other Income: ₹53.96
- Total Revenue: ₹4,382.24
- Total Expenses: ₹4,261.71
- Profit Before Tax: ₹120.16
- Tax Expense: ₹17.56
- Net Profit for the Period: ₹102.60
- Earnings Per Share (Basic & Diluted): ₹0.75 (not annualized)
Comparative Figures:
- H1 FY26 Net Profit: ₹49.15 lakh
- FY26 Net Profit: ₹278.05 lakh
Balance Sheet Highlights (Amount in ₹ Lakhs as of September 30, 2026):
- Shareholders' Funds: ₹2,212.33
- Non-Current Liabilities: ₹395.89
- Current Liabilities: ₹1,312.93
- Total Liabilities: ₹3,921.15
- Non-Current Assets: ₹2,239.21
- Current Assets: ₹1,681.94
- Total Assets: ₹3,921.15
Cash Flow Statement Highlights (Amount in ₹ Lakhs for H1 FY27):
- Net Cash from Operating Activities: ₹324.87
- Net Cash from Investing Activities: (₹54.42)
- Net Cash from Financing Activities: (₹269.80)
- Net Increase in Cash: ₹0.65
- Cash and Cash Equivalents at End: ₹2.11
Auditor's Limited Review Report
S.R. Rahalkar and Associates (Firm Registration No. 108283W) issued a limited review report on the standalone unaudited financial results. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.
Emphasis of Matter:
The auditors drew attention to Note 4 to the Standalone Financial Results which states that Trade Payables' and Trade Receivables' balances are subject to confirmation, reconciliation and consequential adjustment if any. The auditor's conclusion was not modified in respect of this matter.
Compliance Certificate
Managing Director Mukund Narayan Kulkarni (DIN: 00248797) and Chief Financial Officer Suresh Govind Jagdale certified pursuant to Regulation 33(2)(a) of SEBI (LODR) Regulations, 2015 that the Unaudited Standalone Financial Results for the Half Year ended 30th September, 2026:
- Do not contain any false or misleading statement or figures
- Do not omit any material fact which may make the statements or figures contained therein misleading
Additional Information
- The company operates in one segment: manufacturing of automobile components
- Figures of previous year have been re-grouped/re-arranged and/or re-cast wherever necessary for comparability
- The statutory auditors have expressed an unqualified opinion for unaudited standalone financial results
- Standalone financial statements are prepared in accordance with accounting standards specified in Section 133 of the Companies Act, 2013