Board Meeting Details

The Board of Directors meeting was held on Saturday, 14th November, 2026, at 04:00 P.M. at shorter notice. The meeting commenced at 04:00 P.M. and concluded at 06:00 P.M.

Key Matters Approved

1. Approval of Unaudited Standalone 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 Auditor.

2. Monitoring Agency Report Status: The Board noted that the Monitoring Agency Report for the quarter ended 31st March, 2026 relating to utilization of IPO proceeds has not yet been received from the Monitoring Agency and therefore could not be considered or adopted.

Financial Results Overview (Half Year Ended September 30, 2026)

Income Statement Highlights (All figures in ₹ lakhs):

  • Revenue from Operations: ₹7,169.33 (vs. ₹5,213.33 in H1 FY26, +37.5% YoY)
  • Other Income: ₹2.52 (vs. ₹0 in H1 FY26)
  • Total Income: ₹7,171.85 (vs. ₹5,213.33 in H1 FY26)
  • Total Expenses: ₹6,496.01 (vs. ₹4,694.86 in H1 FY26, +38.4% YoY)
  • Purchases & Consumables: ₹7,975.07 (vs. ₹4,516.11)
  • Direct Expenses: ₹178.94 (vs. ₹142.77)
  • Changes in inventories: (₹1,869.47) (vs. (₹171.11))
  • Employee benefit expense: ₹101.55 (vs. ₹90.96)
  • Finance Costs: ₹27.54 (vs. ₹39.70)
  • Depreciation and amortisation: ₹21.50 (vs. ₹22.43)
  • Other Expenses: ₹60.89 (vs. ₹53.99)
  • Profit before tax: ₹675.84 (vs. ₹518.47 in H1 FY26, +30.3% YoY)
  • Tax Expense: ₹174.57 (Current Tax) + (₹0.72) (Deferred Tax)
  • Net Profit for the period: ₹501.99 (vs. ₹383.67 in H1 FY26, +30.8% YoY)

Earnings Per Share:

  • Basic EPS: ₹6.56 (not annualized)
  • Diluted EPS: ₹5.79 (not annualized)

Balance Sheet Position (as at September 30, 2026)

Equity and Liabilities (₹ lakhs):

  • Share capital: ₹866.61 (unchanged from March 31, 2026)
  • Reserves and surplus: ₹3,627.06 (vs. ₹3,125.07 at March 31, 2026)
  • Long-term borrowings: ₹64.16 (vs. ₹82.66)
  • Short-term borrowings: ₹547.27 (vs. ₹61.95)
  • Trade Payables:
  • Micro and small enterprises: ₹212.48 (vs. ₹163.93)
  • Other creditors: ₹2,715.82 (vs. ₹377.88)
  • Total liabilities: ₹8,477.12 (vs. ₹4,934.71 at March 31, 2026)

Assets (₹ lakhs):

  • Property, Plant and Equipment: ₹184.06 (vs. ₹174.55)
  • Inventories: ₹3,398.98 (vs. ₹1,529.50)
  • Trade receivables: ₹3,719.40 (vs. ₹1,809.26)
  • Cash and cash equivalents: ₹1,018.99 (vs. ₹1,282.06)
  • Total assets: ₹8,477.12 (vs. ₹4,934.71 at March 31, 2026)

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net cash used in operating activities: (₹675.81)
  • Net cash used in investing activities: (₹28.54)
  • Net cash from financing activities: ₹441.28
  • Net decrease in cash and cash equivalents: (₹263.07)
  • Cash and cash equivalents at period end: ₹1,018.99 (comprising Cash in Hand: ₹71.66, Balances with Banks: ₹29.76, Short Term Deposits: ₹917.57)

Auditor's Limited Review Report

Statutory Auditors Chanana & Associates (FRN: 028379N) issued a limited review report stating that nothing has come to their attention that causes them to believe that the unaudited financial results contain any material misstatement. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.

Additional Notes

  • The company operates in only one segment, hence segment reporting as per AS-17 is not applicable
  • The company is exempted from compulsory adoption of IND-AS as it is listed on SME exchange
  • There were no exceptional items during the period
  • Previous year's figures have been regrouped/rearranged wherever necessary