Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year Ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015

Date of Board Meeting / Approval: November 14, 2026 (6:30 p.m. to 7:30 p.m.)

Audit Opinion: Qualified Opinion

Auditor's Comment: Multiple qualifications regarding non-compliance with laws and regulations, including unfiled income tax returns for FY 2020-21, unpaid/short-paid statutory dues (TDS, PF, ESIC, Professional Tax), non-conducted cost audits from FY 2020-21 onwards, and non-conducted internal audits. Also noted long-outstanding trade receivables/payables, non-provision of interest to MSME vendors, and ongoing litigations under Income Tax and GST laws.

Key Financial Highlights [Amount in INR Lakhs except EPS]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: 578.74 (QoQ: 206.95 in Jun-26; YoY: 513.53 in Sep-25)
  • Other Income: 2.90
  • Total Income: 581.64
  • Total Expenses: 543.87
  • Profit Before Exceptional Items and Tax: 37.77
  • Exceptional Items: Not applicable for current quarter
  • Profit Before Tax: 37.77
  • Tax Expenses: Current Tax: 0; Deferred Tax: 8.87
  • Profit for the Period: 28.90 (vs. Loss of 64.30 in Sep-25)
  • Other Comprehensive Income: 0.99
  • Total Comprehensive Income: 29.89
  • EPS: Basic and Diluted: 0.12

Half Year Ended September 30, 2026:

  • Revenue from Operations: 985.69 (vs. 1,353.54 in H1 FY26)
  • Other Income: 10.05
  • Total Income: 995.74
  • Total Expenses: 1,028.15
  • Loss Before Exceptional Items and Tax: (32.86)
  • Exceptional Items: 245.70 (Profit on sale of investment properties)
  • Profit Before Tax: 212.84
  • Tax Expenses: Current Tax: 30.71; Deferred Tax: 4.24
  • Profit for the Period: 177.89 (vs. Loss of 57.58 in H1 FY26)
  • Other Comprehensive Income: 6.45
  • Total Comprehensive Income: 184.32
  • EPS: Basic and Diluted: 0.74

Balance Sheet Position as at September 30, 2026 [Amount in INR Lakhs]:

  • Property, Plant and Equipment: 1,400.28 (vs. 1,473.07 as at Mar-26)
  • Investments: 81.96
  • Other Financial Assets: 39.23
  • Deferred Tax Assets (Net): 59.88
  • Total Non-Current Assets: 1,581.35
  • Inventories: 1,052.32
  • Trade Receivables: 2,148.46
  • Cash and Cash Equivalents: 19.24
  • Other Current Assets: 16.52
  • Total Current Assets: 3,636.63
  • Total Assets: 5,217.98
  • Equity Share Capital: 2,499.50
  • Other Equity: (11,258.62) [Negative]
  • Total Equity: (8,759.12) [Negative Net Worth]
  • Borrowings (Non-Current): 258.52
  • Lease Liabilities (Non-Current): 15.75
  • Provisions (Non-Current): 1.95
  • Total Non-Current Liabilities: 276.22
  • Borrowings (Current): 695.32
  • Trade Payables: 44.15 (including MSME: 0)
  • Lease Liabilities (Current): 4.48
  • Other Financial Liabilities: 202.81
  • Provisions (Current): 3.28
  • Other Current Liabilities: 3,508.68
  • Current Tax Liabilities: 30.71
  • Total Current Liabilities: 11,214.71
  • Total Liabilities: 11,490.93

Cash Flow for Half Year Ended September 30, 2026 [Amount in INR Lakhs]:

  • Net Cash Used in Operating Activities: (678.01)
  • Net Cash Generated from Investing Activities: 242.60
  • Net Cash Inflow from Financing Activities: 435.16
  • Net Decrease in Cash and Equivalents: (0.25)
  • Cash and Equivalents at Beginning: 192.68
  • Cash and Equivalents at End: 192.43

Segment-wise Performance:

Not Specified - The company does not have more than one reportable segment.

Corporate Actions:

Not Specified

Other Significant Information:

  • The financial results have been prepared on a going concern basis considering the OTS completion and improved operational performance
  • Exceptional item of INR 245.70 lakhs represents profit on sale of investment properties
  • No gain from OTS settlement recognized in current quarter (to be recognized in Q3 FY27)
  • Figures presented in INR lakhs except per share data
  • Financial results reviewed by M/s Rushabh Davda and Associates, Chartered Accountants