Financial Results Overview

Standalone Performance (₹ in Lakhs)

  • Net Loss after tax: ₹(726.22) for the quarter ended September 30, 2026
  • Comparative Net Loss: ₹(3,569.86) for the previous period ended March 31, 2026

Consolidated Performance (₹ in Lakhs)

  • Includes results of associate Sri Subramanya Solar Power Projects LLP
  • Group's share of net profit from associate: ₹19.41 lakhs for the quarter

Balance Sheet Position (Standalone)

Assets (₹ in Lakhs)

  • Total Assets: 12,260.47 (compared to 13,305.35 as of March 31, 2026)
  • Non-Current Assets: 10,304.66 (Property, Plant & Equipment: 6,957.47; Investments: 307.58; Trade receivables: 51.70; Other Financial Assets: 1,081.94; Deferred Tax Assets: 1,905.97)
  • Current Assets: 1,955.81 (Inventories: 1,230.93; Trade receivables: 216.48; Cash & Cash Equivalents: 3.78; Other Bank Balances: 86.92; Other Financial Assets: 200.90; Current tax Assets: 210.05; Other Current Assets: 6.75)

Equity and Liabilities (₹ in Lakhs)

  • Total Equity: Negative (3,908.89) (Equity Share Capital: 900.00; Other Equity: Negative (4,808.89))
  • Net Worth: Negative as per unaudited financials
  • Non-Current Liabilities: 6,805.72 (Borrowings: 5,337.62; Other Financial liabilities: 562.90; Other Non-Current Liabilities: 709.60; Provisions: 195.60)
  • Current Liabilities: 9,363.64 (Borrowings: 113.76; Trade Payables - Micro/Small Enterprises: 179.12; Trade Payables - Other Creditors: 6,289.14; Other Financial Liabilities: 1,615.76; Other Current Liabilities: 1,134.07; Provisions: 31.79)
  • Current Liabilities exceed Current Assets significantly

Cash Flow Statement (Standalone)

  • Net Cash from Operating Activities: ₹144.78 lakhs inflow
  • Net Cash from Investing Activities: ₹201.36 lakhs outflow
  • Net Cash from Financing Activities: ₹(447.18) lakhs outflow
  • Net decrease in cash equivalents: ₹(101.04) lakhs
  • Cash equivalents at beginning: ₹104.82 lakhs
  • Cash equivalents at end: ₹3.78 lakhs

Critical Operational Updates

Manufacturing Operations

  • Manufacturing operations at Karampudi Unit were temporarily suspended with effect from June 27, 2026, due to working capital constraints
  • The company informed stock exchanges about this suspension on June 27, 2026

Management Changes

  • The office of the CFO was vacated effective from May 30, 2026
  • Sri K Vijay Kumar, Managing Director of the company, was appointed as CFO (additional charge) with effect from August 14, 2026

Legal and Insolvency Matters

  • The company received a demand notice on August 1, 2026, under the Insolvency and Bankruptcy Code, 2016 from an operational creditor
  • Unpaid dues amount: ₹2.91 crores
  • The company informed the stock exchange about this demand notice

Auditor's Review Report

M/s. C Ramachandram & Co., Chartered Accountants (Firm Registration No: 002864S) issued a review report dated November 12, 2026, stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement. However, they drew attention to Note 5 regarding the going concern issues.