Board Meeting Details

The Board of Directors meeting was held on 02nd November, 2026 at the company's registered office in Bhubaneswar, Odisha. The meeting commenced at 03:00 PM and concluded at 04:05 PM.

Board Approvals

The Board considered and approved the following items:

  • Quarterly compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Quarterly unaudited financial results along with limited review report for quarter and half year ended 30th September, 2026
  • Resignation of Mrs. Manisha Satapathy from position of Company Secretary and Compliance Officer effective close of business hours on 02nd November, 2026
  • Appointment of Mr. Soumya Ranjan Behera (ACS-A78725) as Company Secretary and Compliance Officer effective 02nd November, 2026

Financial Results Summary

Quarter Ended 30th September, 2026 (Unaudited)

  • Total Income: ₹1,414,000
  • Total Expenses: ₹1,050,000
  • Profit before tax: ₹364,000
  • Profit for the period: ₹364,000
  • Basic EPS: ₹0.05
  • Diluted EPS: ₹0.05

Quarter Ended 30th June, 2026 (Unaudited)

  • Total Income: ₹1,361,000
  • Total Expenses: ₹1,548,000
  • Loss before tax: ₹(187,000)
  • Loss for the period: ₹(187,000)
  • Basic EPS: ₹(0.03)
  • Diluted EPS: ₹(0.03)

Half Year Ended 30th September, 2026 (Unaudited)

  • Total Income: ₹2,775,000
  • Total Expenses: ₹2,598,000
  • Profit before tax: ₹178,000
  • Profit for the period: ₹178,000
  • Basic EPS: ₹0.03
  • Diluted EPS: ₹0.03

Comparative Figures

Quarter Ended 30th September, 2025 (Unaudited)
  • Total Income: ₹1,391,000
  • Total Expenses: ₹878,000
  • Profit before tax: ₹512,000
  • Profit for the period: ₹512,000
  • Basic EPS: ₹0.13
  • Diluted EPS: ₹0.13
Half Year Ended 30th September, 2025 (Unaudited)
  • Total Income: ₹2,752,000
  • Total Expenses: ₹2,055,000
  • Profit before tax: ₹697,000
  • Profit for the period: ₹697,000
  • Basic EPS: ₹0.18
  • Diluted EPS: ₹0.18
Year Ended 31st March, 2026 (Audited)
  • Total Income: ₹5,479,000
  • Total Expenses: ₹8,353,000
  • Loss before tax: ₹(2,874,000)
  • Tax expense: ₹306,000
  • Loss for the year: ₹(3,180,000)
  • Basic EPS: ₹(0.46)
  • Diluted EPS: ₹(0.46)

Balance Sheet Position (as at 30th September, 2026)

  • Total Assets: ₹32,713,000 (compared to ₹38,244,000 as at 31st March, 2026)
  • Equity Share Capital: ₹69,300,000 (unchanged from previous period)
  • Other Equity: ₹(38,381,000) (compared to ₹(38,557,000) as at 31st March, 2026)

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

  • Net cash outflow from operating activities: ₹(5,712,000)
  • Net cash outflow from investing activities: ₹(397,000)
  • Net cash inflow from financing activities: ₹59,400,000 (from issue of equity shares)
  • Net increase in cash and cash equivalents: ₹53,291,000
  • Cash and cash equivalents at beginning: ₹6,658,000
  • Cash and cash equivalents at end: ₹59,949,000

Management Changes

Resignation

Mrs. Manisha Satapathy resigned as Company Secretary and Compliance Officer effective close of business hours on 02nd November, 2026 due to personal reasons. Her membership number is ICSI 59568.

Appointment

Mr. Soumya Ranjan Behera (ACS No. A78725) appointed as Company Secretary and Compliance Officer (Key Managerial Personnel) effective 02nd November, 2026. He is a qualified Company Secretary with over 1 year of professional experience in corporate secretarial and compliance functions, including experience with PSU and unlisted companies. He is not related to any director of the company.

Auditor Review

Sanjit Mohanty & CO., Chartered Accountants conducted limited review of the financial results and issued a report stating nothing has come to their attention that causes them to believe the financial results contain any material misstatement. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410.

Financial Impact

The financial results show improved performance in Q2 FY27 compared to Q1 FY27, with a return to profitability. The half-year performance shows significantly reduced profits compared to the same period last year. The company raised ₹59.4 million through equity issuance during the half-year.