Board Meeting Details
The Board of Directors meeting was held on Friday, 14th August 2026, commencing at 4:00 PM and concluding at 5:00 PM. The Board considered and approved the Unaudited Financial Results (Standalone) of the Company for the quarter ended June 30, 2026.
Financial Results Overview (All amounts in INR Lakhs)
Quarter Ended June 30, 2026 (Unaudited)
- Revenue from operations: ₹9,535.68
- Other Income: ₹5.65
- Total Income: ₹9,541.33
- Total Expenses: ₹8,683.11
- Profit before tax: ₹858.22
- Tax expense: ₹219.10 (Current Tax: ₹234.31, Deferred Tax Credit: ₹(15.21))
- Profit for the period: ₹639.13
- Paid-up Equity Share Capital: ₹2,033.08 (face value of ₹10 per share)
- Earnings per Equity Share (Basic & Diluted): ₹3.93
Comparative Financial Performance
- Revenue growth: 279% YoY (June 2025: ₹2,516.31) and declined 17.5% QoQ (March 2026: ₹11,560.98)
- Profit turnaround from loss of ₹(41.55) in June 2025 to profit of ₹639.13 in June 2026
- QoQ profit declined 38% from ₹1,032.05 in March 2026
Expense Breakdown for June 2026 Quarter
- Cost of Material Consumed: ₹8,801.38
- Changes in Inventories of Finished Goods: ₹(932.66)
- Employee Benefits Expense: ₹205.14
- Finance Costs: ₹233.47
- Depreciation and Amortization Expense: ₹51.30
- Other Expenses: ₹324.48
IPO Details and Proceeds Utilization
The Company completed its Initial Public Offering of 55,42,000 equity shares of face value of ₹10 each at an issue price of ₹127 per share, including a share premium of ₹117 per equity share. The IPO comprised:
- Fresh issue: 47,42,000 shares
- Offer for sale: 8,00,000 shares by selling shareholder
- Listing date: June 18, 2026 on BSE SME platform
Utilization of IPO Proceeds (Net amount received: ₹60.22 Crores)
| Purpose | Proposed Amount (₹ Cr) | Utilized up to 30 June 2026 (₹ Cr) | Unutilized Amount (₹ Cr) |
| Capital expenditure for expansion at Sahibabad, Ghaziabad | 10.30 | 1.20 | 9.10 |
| Working Capital Requirements | 33.00 | 13.64 | 19.36 |
| General Corporate Purpose | 8.94 | 3.40 | 5.54 |
| Issue-related expenses (including GST/taxes) | 7.98 | 6.56 | 1.42 |
| Total | 60.22 | 24.80 | 35.42 |
Business Operations
The Company is primarily engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors and cables in various specifications, sizes and configurations.
Auditor's Limited Review Report
SAR B & Associates Chartered Accountants issued a limited review report stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.