Board Meeting Details

The Board of Directors meeting was held on Friday, 23rd October, 2026, which commenced at 05:00 P.M. and concluded at 05:20 P.M. at the Registered Office of the Company. The meeting was adjourned and reconvened multiple times:

  • Initially adjourned to 26th October, 2026
  • Postponed to 29th October, 2026 due to auditor unavailability
  • Continued and scheduled to reconvene on 2nd November, 2026 at 05:00 P.M.
  • Further continued and reconvened on 3rd November, 2026 at 05:00 P.M.

Key Decisions Approved

1. Un-Audited Financial Results (Standalone and Consolidated)

The Board considered and approved the Un-Audited Financial Results (Standalone & Consolidated) along with Limited Review Report thereon for quarter and half year ended on September 30th, 2026 pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015.

2. Statement of Deviation or Variation under Regulation 32

The Board discussed compliance of Regulation 32 of SEBI (LODR) Regulations, 2015 and determined it is not applicable to the company as the company has not issued any share by way of Public Issue, Right Issue or Preferential Issue, etc.

Financial Results - Standalone (₹ in Lakhs)

Income Statement Highlights:

  • Q2 FY2026 (July 1, 2026 - September 30, 2026):
  • Revenue from operations: ₹185.44
  • Other income: ₹5.68
  • Total income: ₹191.12
  • Total expenses: ₹259.58
  • Net loss: ₹(68.46)
  • Basic EPS: ₹(0.34)
  • Diluted EPS: ₹(0.34)
  • H1 FY2026 (April 1, 2026 - September 30, 2026):
  • Total income: ₹510.14
  • Total expenses: ₹1,628.00
  • Net loss: ₹(1,117.86)
  • Basic EPS: ₹(5.47)
  • Diluted EPS: ₹(5.47)
  • Previous Year Comparison:
  • FY2025 full year net loss: ₹(1,742.58)
  • FY2025 full year Basic EPS: ₹(8.53)

Balance Sheet Position (as of September 30, 2026):

  • Total Assets: ₹94,192.59
  • Non-current assets: ₹93,238.98
  • Property, Plant and Equipment: ₹1,357.31
  • Capital work-in-progress: ₹858.87
  • Non-current investments: ₹90,891.63
  • Other non-current financial assets: ₹93,107.81
  • Deferred tax assets: ₹130.40
  • Current assets: ₹953.61
  • Inventories: ₹263.50
  • Trade receivables: ₹485.39
  • Cash and cash equivalents: ₹20.82
  • Bank balances other than cash: ₹5.00
  • Other current assets: ₹178.90
  • Total Equity: ₹94,013.19
  • Equity share capital: ₹2,043.17 (face value ₹10 per share)
  • Other equity: ₹91,970.03
  • Liabilities: ₹179.40
  • Non-current borrowings: ₹145.80
  • Trade payables: ₹21.50
  • Other current liabilities: ₹12.10

Cash Flow Statement - Standalone (H1 FY2026):

  • Net cash from operating activities: ₹(897.63)
  • Net cash from investing activities: ₹739.66
  • Net cash from financing activities: ₹145.80
  • Net decrease in cash: ₹(12.18)
  • Cash at beginning: ₹38.00
  • Cash at end: ₹25.82

Consolidated Financial Results (₹ in Lakhs)

Income Statement Highlights:

  • Q2 FY2026:
  • Net loss: ₹(74.79)
  • Basic EPS: ₹(0.37)
  • Diluted EPS: ₹(0.37)
  • Loss from associate companies: ₹(6.33)
  • H1 FY2026:
  • Net loss: ₹(1,142.76)
  • Basic EPS: ₹(5.59)
  • Diluted EPS: ₹(5.59)
  • Loss from associate companies: ₹(24.90)

Balance Sheet Position (Consolidated as of September 30, 2026):

  • Total Assets: ₹95,568.59
  • Total Equity: ₹95,389.19
  • Equity share capital: ₹2,043.17
  • Other equity: ₹93,346.02

Auditor's Review Report

VRSK & Associates issued a limited review report with the following qualifications:

  • The financial results have not been prepared in accordance with applicable accounting standards (IND AS)
  • Interest on loans given and taken is not provided on all lendings and borrowings
  • The review provides moderate assurance, not an audit opinion

Notes to Financial Results

1. Results reviewed by Audit Committee and approved by Board on 03/11/2026

2. Prepared in compliance with Companies (India Accounting Standards) Rules, 2015

3. Format modified per SEBI circular dated 5th July, 2016

4. Limited review report issued for quarter ended September 30, 2026

5. Previous period figures regrouped for consistency