Financial Results Overview

The company reported continued financial challenges with minimal revenue generation:

Quarter Ended 30th September, 2026:

  • Revenue from Operations: ₹0.13 lakh
  • Total Income: ₹0.13 lakh
  • Total Expenses: ₹14.55 lakh (including Employee Benefits Expense of ₹6.57 lakh and Other Expenses of ₹7.98 lakh)
  • Loss before Tax: ₹(14.42) lakh
  • Net Loss: ₹(14.42) lakh
  • Basic and Diluted EPS: ₹(0.28) per share (not annualized)

Half Year Ended 30th September, 2026:

  • Revenue from Operations: ₹0.21 lakh
  • Total Income: ₹0.21 lakh
  • Total Expenses: ₹28.29 lakh
  • Loss before Tax: ₹(28.08) lakh
  • Net Loss: ₹(28.08) lakh
  • Basic and Diluted EPS: ₹(0.54) per share (not annualized)

Comparative Performance

Quarter Comparison (30-09-2026 vs 30-09-2025):

  • Revenue declined from ₹0.22 lakh to ₹0.13 lakh
  • Net loss increased from ₹(13.98) lakh to ₹(14.42) lakh

Half Year Comparison (30-09-2026 vs 30-09-2025):

  • Revenue declined from ₹0.46 lakh to ₹0.21 lakh
  • Net loss increased from ₹(27.59) lakh to ₹(28.08) lakh

Financial Position as of 30th September, 2026

Assets:

  • Total Assets: ₹190.37 lakh
  • Non-Current Assets: ₹58.43 lakh (including Investments: ₹16.00 lakh, Other Financial Assets: ₹9.10 lakh, Income Tax Assets: ₹33.31 lakh)
  • Current Assets: ₹131.94 lakh (including Cash and Cash Equivalents: ₹1.84 lakh, Other Financial Assets: ₹123.00 lakh)

Liabilities and Equity:

  • Total Equity: ₹67.73 lakh (Equity Share Capital: ₹51.71 lakh, Other Equity: ₹16.02 lakh)
  • Current Liabilities: ₹122.64 lakh (Trade Payables: ₹2.16 lakh, Other Financial Liabilities: ₹86.44 lakh, Other Current Liabilities: ₹34.04 lakh)

Cash Flow Statement

Half Year Ended 30th September, 2026:

  • Net Cash Used in Operating Activities: ₹(24.94) lakh
  • Net Cash from Investing Activities: ₹20.15 lakh
  • Net Cash from Financing Activities: ₹0
  • Net Decrease in Cash: ₹(4.79) lakh
  • Cash at Beginning: ₹6.63 lakh
  • Cash at End: ₹1.84 lakh

Regulatory Compliance and Auditor Review

The company's auditors, V. Singhi & Associates (Firm Registration No.: 311017E), conducted a limited review of the financial results as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The review was performed in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI. The auditors issued an unmodified opinion, stating that nothing came to their attention causing them to believe that the statement contained any material misstatement.

Business Segment Information

The company is primarily engaged in trading of steel products, which constitutes its only business segment. Accordingly, segment reporting requirements under Ind AS 108 are not applicable.

Board Resolution Details

The Board passed a resolution approving the unaudited financial results for the quarter and half year ended 30th September, 2026. The resolution authorized Directors Mr. Pradip Bhar (DIN: 01039198) and Mr. Gaurang Ajmera (DIN: 00798218) to sign the results and intimate BSE within the specified period. The resolution also mandated publication of results in one English national daily and one Marathi newspaper within 48 hours of the board meeting conclusion.

Key Personnel

  • Hiren Sanghavi: Company Secretary & Compliance Officer (Membership No. ACS 5586)
  • Pradip Bhar: Director (DIN: 01039198)
  • Gaurang S. Ajmera: Director (DIN: 00798218)
  • Naveen Taparia: Partner at V. Singhi & Associates (Membership No.: 058433)