Board Approval Details

The financial results were approved by the Board of Directors at its meeting held on Friday, October 23, 2026, which commenced at 04:00 PM and concluded at 04:30 PM.

Auditor Review

The Limited Review Report dated October 23, 2026, was issued by the statutory auditors VRSK & Associates and placed before the Board.

Financial Performance (Standalone) - H1 FY27 (₹ in lakhs)

  • Total Income: ₹202.96
  • Total Expenses: ₹44.49
  • Profit Before Tax: ₹252.20
  • Profit for the Period: ₹252.20
  • Earnings Per Share (Basic & Diluted): ₹0.00

Financial Performance (Standalone) - Q2 FY27 (₹ in lakhs)

  • Total Income: ₹99.58
  • Total Expenses: ₹(51.08)
  • Profit Before Tax: ₹150.66
  • Profit for the Period: ₹150.66
  • Earnings Per Share (Basic & Diluted): ₹0.00

Balance Sheet Position as of September 30, 2026 (₹ in lakhs)

  • Total Assets: ₹77,468.29
  • Cash and Cash Equivalents: ₹6.22
  • Bank Balance (other than cash equivalents): ₹3.58
  • Loans: ₹5,949.95
  • Investments: ₹36,217.39
  • Inventories: ₹34,410.86
  • Property, Plant and Equipment: ₹629.18
  • Other Financial Assets: ₹46.69
  • Other Non-Financial Assets: ₹200.43
  • Deferred Tax Assets (Net): ₹3.98

Equity and Liabilities (₹ in lakhs)

  • Equity Share Capital: ₹52,291.72
  • Other Equity: ₹23,361.42
  • Total Equity: ₹75,653.14
  • Provisions: ₹2.46 (financial) + ₹31.52 (non-financial)
  • Deferred Tax Liabilities (Net): ₹1,781.18
  • Total Liabilities: ₹1,815.15

Income Breakdown (Standalone H1 FY27)

  • Interest Income: ₹200.97
  • Dividend Income: ₹0.07
  • Rental Income: ₹0.06
  • Other Income: ₹1.86

Expense Breakdown (Standalone H1 FY27)

  • Fees & Commission Expenses: ₹0.02
  • Impairment on Financial Instrument: ₹(129.90)
  • Purchase of Stock-in-Trade: ₹330.12
  • Changes in Inventories: ₹(330.11)
  • Depreciation and Amortization: ₹36.16
  • Other Expenses: ₹44.49

Cash Flow Statement (Standalone H1 FY27)

  • Net Cash from Operating Activities: ₹(282.56)
  • Net Cash from Investing Activities: ₹277.44
  • Net Cash from Financing Activities: ₹0.00
  • Net Increase in Cash: ₹(5.12)
  • Cash at Beginning: ₹14.93
  • Cash at End: ₹9.81

Consolidated Financial Performance (H1 FY27)

  • Total Income: ₹202.96
  • Profit Before Tax: ₹252.20
  • Profit for the Period: ₹252.20
  • Total Comprehensive Income: ₹252.20
  • Earnings Per Share (Basic & Diluted): ₹0.00

Key Notes and Qualifications

1. The unaudited financial results were reviewed by the Audit Committee and approved by the Board on October 23, 2026.

2. Results prepared in compliance with Companies (India Accounting Standards) Rules, 2015 as amended.

3. Format modified to comply with SEBI circular dated July 5, 2016, Ind AS, and Schedule III requirements.

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

5. Previous period figures regrouped to confirm to current period classification.

Auditor's Emphasis of Matter

The auditors noted in their limited review report that the financial results "have not been prepared in accordance with applicable accounting standards i.e. IND AS prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder." However, they stated that nothing has come to their attention causing them to believe the results contain any material misstatement.