Board Meeting Details

The Board of Directors meeting commenced at 6:00 PM and concluded at 6:35 PM on November 13, 2026.

Board Approvals

The Board considered and approved:

  • The unaudited standalone financial results for the second quarter ended September 30, 2026
  • Took note of the Limited Review Report issued by M/s. Darapaneni & Co., Chartered Accountants, the statutory auditors of the company

Financial Results Summary (Standalone)

Quarterly Performance (₹ lakhs)

  • Revenue from operations: Q2 FY27 - 1,512.60; Q1 FY27 - 2,134.72; Q2 FY26 - 1,866.72
  • Total income: Q2 FY27 - 1,518.72; Q1 FY27 - 2,140.74; Q2 FY26 - 1,872.18
  • Net loss: Q2 FY27 - (169.88); Q1 FY27 - (133.73); Q2 FY26 - (277.97)
  • Basic and diluted EPS: Q2 FY27 - (₹0.38); Q1 FY27 - (₹0.30); Q2 FY26 - (₹0.62)

Half-Yearly Performance (₹ lakhs)

  • Revenue from operations: H1 FY27 - 3,647.32; H1 FY26 - 4,806.40; FY26 - 9,557.17
  • Total income: H1 FY27 - 3,659.46; H1 FY26 - 4,819.84; FY26 - 9,585.26
  • Net loss: H1 FY27 - (303.61); H1 FY26 - (679.06); FY26 - (1,237.36)
  • Basic and diluted EPS: H1 FY27 - (₹0.67); H1 FY26 - (₹1.51); FY26 - (₹2.75)

Expense Breakdown (H1 FY27)

  • Cost of materials consumed: ₹6,555.60 lakh
  • Changes in inventories: (₹3,040.98) lakh
  • Employee benefits expenses: ₹60.89 lakh
  • Finance costs: ₹154.41 lakh
  • Depreciation and amortization: ₹117.46 lakh
  • Other expenses: ₹115.69 lakh

Balance Sheet Position (as of September 30, 2026)

Assets (₹ lakhs)

  • Total assets: 26,668.36
  • Non-current assets: 17,250.67 (including Property, plant and equipment: 7,191.92; Capital work in progress: 9,702.60)
  • Current assets: 9,417.69 (including Inventories: 7,247.42; Trade receivables: 1,028.22)

Equity and Liabilities (₹ lakhs)

  • Paid-up equity share capital: 4,500.00 (face value ₹10 each)
  • Other equity: (2,379.09)
  • Net worth: 2,120.91
  • Total borrowings: 19,162.55 (Non-current: 15,769.03; Current: 3,393.52)
  • Trade payables: 5,017.16

Cash Flow Statement (H1 FY27)

  • Net cash from operating activities: ₹647.87 lakh
  • Net cash used in investing activities: (₹985.53) lakh
  • Net cash from financing activities: ₹338.86 lakh
  • Net increase in cash and cash equivalents: ₹1.20 lakh

Segmental Information

Revenue Breakdown (H1 FY27)

  • Internet Services: ₹39.62 lakh
  • Biofuels: ₹3,619.84 lakh

Segment Results (H1 FY27 EBITDA)

  • Internet Services: (₹1.90) lakh
  • Bio Diesel: (₹41.99) lakh

Auditor Review

The limited review was conducted by M/s. Darapaneni & Co., Chartered Accountants (FRN: 00068SS). Their report states that based on their review, nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.

Financial Statement Preparation

The financial results have been prepared in accordance with Indian Accounting Standards (IND AS) and were reviewed by the audit committee and approved by the Board of Directors.