Summary of Key Information:

Reporting Period: Quarter and Half Year ended 30th September 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Approval of Unaudited Standalone Financial Results

Date of Board Meeting / Approval: 13th November 2026 (Meeting time: 10:05 AM to 12:05 PM)

Audit Opinion: Unmodified Opinion

Auditor's Comment: Nothing came to their attention that causes them to believe the statement contains material misstatement

Key Financial Highlights [Rs. in lacs]

Standalone Results:

Quarter Ended 30.09.2026:

  • Revenue from Operations: ₹9,604.84 (vs ₹7,802.50 in Q2 FY26 - 23% increase YoY; vs ₹9,097.73 in Q1 FY27 - 6% increase QoQ)
  • Total Income: ₹9,647.59
  • Net Profit: ₹53.02 (vs ₹(312.43) loss in Q2 FY26; vs ₹48.21 in Q1 FY27 - 10% increase QoQ)
  • EPS: ₹1.35 (Basic and diluted)

Half Year Ended 30.09.2026:

  • Revenue from Operations: ₹18,702.57 (vs ₹17,003.38 in H1 FY26 - 10% increase YoY)
  • Total Income: ₹18,796.57
  • Net Profit: ₹101.23 (vs ₹(365.66) loss in H1 FY26)
  • EPS: ₹2.57 (Basic and diluted)

Expenditure Breakdown (Quarter Ended 30.09.2026):

  • Cost of materials consumed: ₹5,157.45
  • Changes in inventories: ₹(0.73)
  • Employee benefits expenses: ₹1,493.27
  • Finance cost: ₹87.69
  • Depreciation and amortization: ₹140.43
  • Other expenses: ₹2,724.40
  • Total Expenses: ₹9,602.51

Taxation:

  • Current Tax: Not specified
  • Deferred Tax: ₹(7.94) for Q2 FY27
  • The Company has exercised the option of lower tax rate under section 200 of the Income Tax Act 2025

Statement of Assets and Liabilities as at 30th September 2026:

Assets:

  • Total Assets: ₹21,612.36 lacs (vs ₹20,911.64 lacs as at 31.03.2026)
  • Non-current Assets: ₹7,711.22 lacs
  • Property, Plant and Equipment: ₹6,416.37 lacs
  • Right of use assets: ₹256.03 lacs
  • Other Intangible Assets: ₹227.32 lacs
  • Capital Work-in-progress: ₹35.56 lacs
  • Intangible assets under development: ₹80.35 lacs
  • Financial Assets: ₹695.59 lacs
  • Non-Current Tax Assets: ₹11.41 lacs
  • Current Assets: ₹13,901.14 lacs
  • Inventories: ₹4,609.45 lacs
  • Trade Receivables: ₹7,701.02 lacs
  • Cash and cash equivalents: ₹35.34 lacs
  • Other financial assets: ₹295.90 lacs
  • Other Current Assets: ₹1,259.43 lacs

Equity and Liabilities:

  • Equity: ₹10,279.60 lacs
  • Equity Share Capital: ₹393.46 lacs (Face Value: ₹10/- each)
  • Other Equity: ₹9,886.14 lacs
  • Non-current liabilities: ₹954.62 lacs
  • Borrowings: ₹0.00 lacs
  • Provisions: ₹72.24 lacs
  • Deferred tax liabilities: ₹882.38 lacs
  • Current liabilities: ₹10,378.14 lacs
  • Borrowings: ₹4,866.98 lacs
  • Trade payables: ₹4,253.57 lacs
  • Micro enterprises and small enterprises: ₹1,365.75 lacs
  • Other creditors: ₹2,887.82 lacs
  • Other Financial Liabilities: ₹1,065.62 lacs
  • Other current liabilities: ₹185.92 lacs
  • Provisions: ₹6.05 lacs

Cash Flow Statement (Half Year Ended 30.09.2026):

  • Cash Flow from Operating Activities: ₹354.85 lacs
  • Cash Flow from Investing Activities: ₹(405.76) lacs
  • Cash Flow from Financing Activities: ₹54.73 lacs
  • Net Increase in Cash: ₹3.82 lacs
  • Cash and Cash Equivalents at end: ₹31.95 lacs

Segment-wise Performance:

The primary operations of the Company relate only to one segment: friction materials.

Corporate Actions:

Not Specified

Other Significant Information:

  • Other Comprehensive Income mainly comprises impact on movement in fair value of Non-Current Investments in Equities and Remeasurement of Defined Plan Benefits
  • The financial results were reviewed and recommended by the Audit Committee