Board Meeting Details

The Board of Directors meeting was held on August 6, 2026, commencing at 11:00 AM and concluding at 1:30 PM. The board approved the unaudited financial results for the quarter ended June 30, 2026 along with the limited review report from statutory auditors.

Financial Results Summary (₹ in lakhs)

Quarterly Performance (Q1 FY26 vs Q1 FY25 vs Q4 FY25)

  • Net Sales/Income from Operations: ₹149.51 (Q1 FY26) vs ₹150.40 (Q1 FY25) vs ₹164.02 (Q4 FY25)
  • Other Income (Net): ₹8.53 (Q1 FY26) vs ₹9.40 (Q1 FY25) vs ₹11.08 (Q4 FY25)
  • Total Income: ₹158.04 (Q1 FY26) vs ₹159.80 (Q1 FY25) vs ₹175.10 (Q4 FY25)

Expense Breakdown (Q1 FY26)

  • Employee benefit expenses: ₹6.65
  • Power and Fuel: ₹4.87
  • Finance costs: ₹26.25
  • Depreciation and amortization: ₹32.15
  • Other expenses: ₹32.21
  • Total Expenses: ₹102.13

Profitability Analysis

  • Profit before tax (continuing operations): ₹55.92 (Q1 FY26) vs ₹48.86 (Q1 FY25) vs ₹(111.32) (Q4 FY25)
  • Tax expense: ₹(5.81) deferred tax benefit
  • Profit from continuing operations: ₹61.72
  • Loss from discontinued operations: ₹(5.83) after tax
  • Net profit for period: ₹55.89 (Q1 FY26) vs ₹(5.19) (Q1 FY25) vs ₹(713.39) (Q4 FY25)

Earnings Per Share (₹)

  • Basic EPS (continuing operations): ₹0.11
  • Basic EPS (discontinued operations): ₹(0.01)
  • Basic EPS (total): ₹0.10
  • Diluted EPS (total): ₹0.10

Discontinued Operations Details

The company discontinued its textile operations and informed exchanges on August 31, 2023. For Q1 FY26:

  • Total Income: ₹18.49
  • Total Expenses: ₹4.63
  • Loss before tax: ₹(4.63)
  • Tax expense: ₹1.20
  • Loss after tax: ₹(5.83)

Segment Reporting

The company has two reportable segments: Textiles (discontinued) and Rental services (continuing).

Continuing Operations (Rental Services)

  • Segment Revenue: ₹149.51
  • Profit before tax and finance cost: ₹82.17
  • Finance Costs: ₹26.25
  • Profit from continuing operations: ₹55.92

Discontinued Operations (Textiles)

  • Loss before tax and finance cost: ₹(4.63)
  • Loss from discontinued operations: ₹(4.63)

Joint Venture Disclosure

During Q4 FY25 (ended March 31, 2026), the company entered into a Joint Venture Agreement with a commercial real estate developer for joint development of its land located at Puliakulam, Coimbatore, classified as investment property under Ind AS 40.

Key terms: The company will transfer a fixed percentage of its share of land to the developer and receive an agreed percentage of the total constructed commercial area upon completion.

Current status (as of June 30, 2026): The company continues to hold physical possession of the entire property, no power of attorney has been executed, no demolition or construction activity has commenced, and the Joint Venture Agreement remains unregistered. The property continues to be recognized as investment property with no gain or loss recognized.

Auditor Review

The statutory auditors, CSK Prabhu and Co LLP, conducted a limited review and issued an unmodified review report dated August 6, 2026, stating nothing came to their attention suggesting material misstatement in the financial results.

Capital Structure

  • Paid-up equity share capital: ₹550.00 lakh
  • Face value per share: ₹1.00
  • Total reserves/other equity: ₹4,389.01 lakh

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