Board Meeting Details

The Meeting of the Board of Directors was held on Friday, November 13, 2026 at 07:00 P.M. at the Corporate office of the Company at 306, Tantia Jogani Industrial Estate, J. R. Boricha Marg, Lower Parel, Mumbai – 400011. The meeting commenced at 07:00 P.M. and concluded at 07:30 P.M.

Key Decision Taken

The Board approved the Un-Audited Financial Results along with the Limited Review Report of the Statutory Auditors thereon for the Quarter and Half Year ended September 30, 2026 pursuant to Regulation 33 of the SEBI Listing Regulations.

Financial Results Summary (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹692.54 lacs (compared to ₹721.65 lacs in Q1 FY2026 and ₹787.04 lacs in Q2 FY2025)
  • Other Income: ₹4.68 lacs
  • Total Income: ₹697.22 lacs
  • Total Expenses: ₹636.02 lacs
  • Cost of materials consumed: ₹362.84 lacs
  • Purchase of stock-in-trade: ₹69.16 lacs
  • Changes in inventories: (₹141.16) lacs
  • Employee benefit expense: ₹60.61 lacs
  • Finance Cost: ₹16.07 lacs
  • Depreciation & amortization: ₹6.97 lacs
  • Other expenses: ₹261.53 lacs
  • Profit before tax: ₹61.20 lacs
  • Tax Expenses: Not applicable for the quarter (₹0.00 lacs)
  • Net Profit for the period: ₹61.20 lacs
  • Earnings per share (Basic & Diluted): ₹0.07

Half Yearly Performance (H1 FY2026 ended September 30, 2026)

  • Revenue from Operations: ₹1,414.19 lacs (compared to ₹1,528.43 lacs in H1 FY2025)
  • Other Income: ₹8.73 lacs (compared to ₹165.11 lacs in H1 FY2025)
  • Total Income: ₹1,422.93 lacs
  • Total Expenses: ₹1,288.83 lacs
  • Profit before tax: ₹134.10 lacs
  • Tax Expenses: ₹18.00 lacs (Current income tax)
  • Net Profit for the period: ₹116.10 lacs
  • Earnings per share (Basic & Diluted): ₹0.13

Comparative Annual Figures (Year Ended March 31, 2026 - Audited)

  • Revenue from Operations: ₹3,202.76 lacs
  • Other Income: ₹184.68 lacs
  • Total Income: ₹3,387.44 lacs
  • Total Expenses: ₹2,984.75 lacs
  • Profit before tax: ₹402.70 lacs
  • Tax Expenses: ₹97.68 lacs (Current: ₹57.00 lacs, Deferred: ₹40.68 lacs)
  • Net Profit for the period: ₹305.02 lacs
  • Earnings per share (Basic & Diluted): ₹0.33

Statement of Assets and Liabilities (as at September 30, 2026)

  • Total Assets: ₹4,368.85 lacs (compared to ₹4,111.36 lacs as at March 31, 2026)
  • Non-current Assets: ₹1,201.12 lacs
  • Property, Plant and Equipment: ₹818.74 lacs
  • Financial Assets: ₹258.67 lacs (loans)
  • Other Non-current Assets: ₹123.66 lacs
  • Current Assets: ₹3,167.73 lacs
  • Inventories: ₹1,771.62 lacs
  • Trade receivables: ₹1,320.09 lacs
  • Cash and cash equivalents: ₹34.83 lacs
  • Bank balances: ₹321.00 lacs
  • Current Tax Assets: ₹32.99 lacs
  • Total Equity: ₹2,723.27 lacs
  • Equity Share capital: ₹900.00 lacs (face value ₹1/-)
  • Other Equity: ₹1,823.27 lacs
  • Non-current Liabilities: ₹910.64 lacs
  • Borrowings: ₹404.39 lacs
  • Deferred tax liabilities: ₹83.40 lacs
  • Other non-current liabilities: ₹422.85 lacs
  • Current Liabilities: ₹734.94 lacs
  • Borrowings: ₹75.98 lacs
  • Trade payables: ₹116.09 lacs
  • Other current liabilities: ₹520.64 lacs
  • Provisions: ₹22.22 lacs

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

  • Net Cash Generated from Operating Activities: (₹83) lacs
  • Net Cash used in Investing Activities: ₹23 lacs
  • Net Cash Generated from Financing Activities: ₹77 lacs
  • Net Cash Generated/(Used): ₹16 lacs
  • Cash & Cash Equivalent as on April 1, 2026: ₹22 lacs
  • Cash & Cash Equivalent as on September 30, 2026: ₹38 lacs

Auditor Review

Sanjay Raja Jain & Co., Chartered Accountants (FRN: 120132W) conducted a limited review of the financial results and issued an unmodified report. Their conclusion states that nothing has come to their attention that causes them to believe that the statement contains any material misstatement or has not disclosed information required by Regulation 33 of SEBI Listing Regulations.

Additional Notes

1. The results have been reviewed by the audit committee and approved by the Board of Directors in their meeting held on November 13, 2026.

2. Deferred Tax Liability shall be calculated and provided at the time of Finalisation of Accounts.

3. Statutory Auditor have carried out "Limited Review" of the financial results.

4. Previous period figures have been regrouped/recast/reclassified, wherever necessary.