Board Meeting Details

The Board of Directors meeting was held on November 12, 2026 at Chandigarh from 2:30 PM to 3:00 PM. The board approved the standalone and consolidated unaudited financial results along with auditor's limited review report for the quarter and half year ended September 30, 2026.

Standalone Financial Results (₹ in Lakhs)

Quarterly Performance (Q2 FY27)

  • Total Income: ₹0.66
  • Total Expenses: ₹158.26
  • Loss before tax: ₹(157.60)
  • Tax Expense: ₹0.00
  • Net Loss for the period: ₹(157.60)
  • Other Comprehensive Income: ₹(5.11)
  • Total Comprehensive Income: ₹(162.71)
  • Basic and Diluted EPS: ₹(1.82)

Half-Yearly Performance (H1 FY27)

  • Total Income: ₹222.76
  • Total Expenses: ₹193.57
  • Profit before tax: ₹29.19
  • Tax Expense: ₹0.00
  • Net Profit for the period: ₹29.19
  • Other Comprehensive Income: ₹57.82
  • Total Comprehensive Income: ₹87.01
  • Basic and Diluted EPS: ₹0.34

Comparative Figures (Q2 FY26)

  • Total Income: ₹33.92
  • Total Expenses: ₹54.21
  • Loss before tax: ₹(20.29)
  • Net Loss for the period: ₹(20.29)
  • Basic and Diluted EPS: ₹(0.23)

Consolidated Financial Results (₹ in Lakhs)

Quarterly Performance (Q2 FY27)

  • Total Income: ₹0.66
  • Total Expenses: ₹158.26
  • Loss before exceptional items and tax: ₹(157.60)
  • Share of Profit from Associates: ₹6133.51 (from Malwa Chemtex Udyog Limited)
  • Profit before tax: ₹5975.91
  • Tax Expense: ₹0.00
  • Net Profit for the period: ₹5975.91
  • Other Comprehensive Income: ₹(5.11)
  • Total Comprehensive Income: ₹5970.80
  • Basic and Diluted EPS: ₹69.14

Half-Yearly Performance (H1 FY27)

  • Total Income: ₹222.76
  • Total Expenses: ₹193.57
  • Profit before exceptional items and tax: ₹29.19
  • Share of Profit from Associates: ₹8284.09
  • Profit before tax: ₹8313.28
  • Tax Expense: ₹0.00
  • Net Profit for the period: ₹8313.28
  • Other Comprehensive Income: ₹57.82
  • Total Comprehensive Income: ₹8371.10
  • Basic and Diluted EPS: ₹96.19

Balance Sheet Position (Standalone)

As at September 30, 2026

  • Total Assets: ₹1,511.39 lakh
  • Non-Current Assets: ₹443.95 lakh (including Property, plant and equipment: ₹9.51 lakh, Investments: ₹363.36 lakh, Deferred tax assets: ₹60.30 lakh)
  • Current Assets: ₹1,067.44 lakh (including Inventories: ₹824.14 lakh, Trade receivables: ₹9.66 lakh, Cash and cash equivalents: ₹6.43 lakh)
  • Total Equity: ₹(91.16) lakh
  • Total Liabilities: ₹1,602.55 lakh

Cash Flow Statement (Standalone)

  • Net cash from operating activities: ₹(3.34) lakh
  • Net cash from investing activities: ₹0.00
  • Net cash from financing activities: ₹0.00
  • Net decrease in cash and cash equivalents: ₹(3.34) lakh
  • Opening cash balance (April 1, 2026): ₹9.77 lakh
  • Closing cash balance (September 30, 2026): ₹6.43 lakh

Auditor's Review

S.C. Dewan & Co., Chartered Accountants (Firm Registration No. 000934N) conducted limited review of both standalone and consolidated financial results. For consolidated results, the auditor noted that the unaudited interim financial results of associate company Malwa Chemtex Udyog Limited (representing ₹6133.51 lakh share of profit for Q2 FY27) were not reviewed by them and were based on management-provided information.

Capital Structure

Paid-up equity capital remains unchanged at ₹864.30 lakh (Face value ₹10 each).