Financial Results Overview
Standalone Performance (₹ in Lakhs)
Quarter Ended September 30, 2026:
- Revenue from operations: ₹185.44
- Other income: ₹5.68
- Total income: ₹191.12
- Total expenses: ₹259.58
- Loss before tax: ₹(68.46)
- Net loss for the quarter: ₹(68.46)
- Basic and diluted EPS: ₹(0.34)
Half Year Ended September 30, 2026:
- Revenue from operations: ₹504.46
- Other income: ₹5.68
- Total income: ₹510.14
- Total expenses: ₹1,628.00
- Loss before tax: ₹(1,117.86)
- Net loss for the period: ₹(1,117.86)
- Basic and diluted EPS: ₹(5.47)
Consolidated Performance (₹ in Lakhs)
Quarter Ended September 30, 2026:
- Revenue from operations: ₹185.44
- Other income: ₹5.68
- Total income: ₹191.12
- Total expenses: ₹259.58
- Loss from associates: ₹(6.33)
- Loss before tax: ₹(74.79)
- Net loss for the quarter: ₹(74.79)
- Basic and diluted EPS: ₹(0.37)
Half Year Ended September 30, 2026:
- Revenue from operations: ₹504.46
- Other income: ₹5.68
- Total income: ₹510.14
- Total expenses: ₹1,628.00
- Loss from associates: ₹(24.90)
- Loss before tax: ₹(1,142.76)
- Net loss for the period: ₹(1,142.76)
- Basic and diluted EPS: ₹(5.59)
Balance Sheet Position (Standalone as of September 30, 2026)
Assets (₹ in Lakhs):
- Total 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
- Total current assets: ₹953.61
- Inventories: ₹263.50
- Trade receivables: ₹485.39
- Cash and cash equivalents: ₹20.82
- Other current assets: ₹178.90
- Total assets: ₹94,192.59
Equity and Liabilities (₹ in Lakhs):
- Total equity: ₹94,013.19
- Equity share capital: ₹2,043.17
- Other equity: ₹91,970.03
- Total liabilities: ₹179.40
- Non-current borrowings: ₹145.80
- Trade payables: ₹21.50
- Other current liabilities: ₹12.10
Cash Flow Statement (Standalone H1 FY27)
- 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
Board Approval and Timing
The financial results were approved by the Board of Directors at their meeting held on November 3, 2026, which commenced at 05:00 PM and concluded at 05:20 PM.
Auditor's Review
VRSK & Associates issued a limited review report dated November 3, 2026, with the following qualifications:
- The financial results have not been prepared in accordance with applicable IND AS accounting standards
- Interest on loans given and taken is not provided on all lendings and borrowings
- Despite these qualifications, the auditors believe the results disclose required information under SEBI regulations
Compliance Notes
1. Results reviewed by Audit Committee and approved by Board of Directors on 03/11/2026
2. Prepared in compliance with Companies (India Accounting Standards) Rules, 2015
3. Format modified per SEBI circular dated July 5, 2016, and IND AS requirements
4. Previous period figures regrouped for consistency with current period classification
Share Capital
Paid-up equity share capital remains unchanged at ₹2,043.17 lakhs (face value ₹10 per share) for all periods presented.