Financial Results Highlights (Rs. in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹5,684.74
  • Other Income: ₹52.48
  • Total Income: ₹5,737.22
  • Total Expenses: ₹5,785.95
  • Loss before Tax: ₹(48.73)
  • Tax Expense/(Credit): ₹(57.82)
  • Net Profit/(Loss) for the quarter: ₹9.09
  • Earnings Per Share (Basic & Diluted): Not quantified in disclosure

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹10,997.09
  • Other Income: ₹58.57
  • Total Income: ₹11,055.66
  • Total Expenses: ₹10,639.24
  • Profit before Tax: ₹416.42
  • Tax Expense: ₹93.93
  • Net Profit for the half year: ₹322.49
  • Earnings Per Share (Basic & Diluted): ₹3.85 (annualized)

Comparative Figures (Quarter Ended June 30, 2026):

  • Net Profit: ₹313.40
  • Earnings Per Share: ₹3.75

Year Ended March 31, 2026 (Audited):

  • Net Loss: ₹(90.59)
  • Earnings Per Share: ₹(1.08)

Auditor's Qualified Review Report

The statutory auditors, Bagaria and CO. LLP, issued a qualified review report highlighting:

  • The Hon'ble National Company Law Appellate Tribunal (NCLAT) vide its Order dated July 22, 2024 set aside the Order of the Hon'ble National Company Law Tribunal (NCLT) dated August 10, 2023 which had approved the company's Prepackage Insolvency Resolution Plan (PIRP)
  • The company filed an appeal before the Hon'ble Supreme Court, which granted a stay on the NCLAT Order on October 4, 2024
  • Due to the sub-judice nature of this legal matter, auditors are unable to comment on the impact on net profit/(loss), liabilities and other equity
  • This creates a material uncertainty regarding the going concern assumption

Management's Position on Going Concern

Based on expert legal opinion, management is hopeful of a positive outcome of the Supreme Court appeal and therefore considers it appropriate to prepare these financial results on a going concern basis.

Additional Financial Information

Balance Sheet Highlights (as at September 30, 2026):

  • Total Assets: ₹6,680.95 lakhs (Previous year: ₹6,349.66 lakhs)
  • Equity Share Capital: ₹836.78 lakhs (unchanged)
  • Other Equity: ₹1,862.54 lakhs (Previous: ₹1,546.64 lakhs)
  • Long Term Borrowings: ₹752.27 lakhs (Previous: ₹954.84 lakhs)
  • Total Current Liabilities: ₹2,762.76 lakhs (Previous: ₹2,566.53 lakhs)

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

  • Net cash from Operating Activities: ₹429.28 lakhs
  • Net cash used in Investing Activities: ₹(26.94) lakhs
  • Net cash used in Financing Activities: ₹(244.08) lakhs
  • Net Increase in Cash and Cash Equivalents: ₹158.26 lakhs

Legal Background Note

The company had implemented the PIRP as per NCLT directions dated August 10, 2023, which included paying secured and unsecured financial creditors in full and writing back liabilities of ₹12,540.97 lakhs during the quarter ended September 30, 2023.

Segment Information

The company operates in only one segment: Manufacturing of Aluminium Extrusions and downstream value-added products.