Key Financial Performance (Quarter Ended 30.06.2026)

Income Statement (₹ in Lakhs):

  • Revenue from Operations: ₹93.16 (down from ₹201.48 in Q1 FY26 and ₹208.68 in Q4 FY26)
  • Other Income: ₹2.92
  • Total Revenue: ₹96.08
  • Total Expenses: ₹265.31
  • Cost of Materials Consumed: ₹137.83
  • Employee Benefits Expenses: ₹79.88
  • Other Expenses: ₹65.67
  • Depreciation: ₹1.68
  • Loss Before Tax: ₹(169.23) (compared to loss of ₹(167.69) in Q1 FY26)
  • Tax Expenses: ₹0.00
  • Net Loss for the Period: ₹(169.23)
  • Other Comprehensive Income: ₹0.00
  • Total Comprehensive Income: ₹(169.23)

Earnings Per Share:

  • Basic EPS: ₹(6.91)
  • Diluted EPS: ₹(6.91)

Comparative Figures (₹ in Lakhs):

  • Q1 FY26 (30.06.2025): Revenue ₹201.48, Net Loss ₹(167.69)
  • Q4 FY26 (31.03.2026): Revenue ₹210.30, Net Profit ₹1,208.66 (included exceptional items of ₹1,610.25)
  • FY26 (31.03.2026): Revenue ₹826.34, Net Profit ₹655.22

Balance Sheet Position (as at 30.06.2026)

Assets (₹ in Lakhs):

  • Total Assets: ₹768.72 (up from ₹681.03 as at 31.03.2026)
  • Non-Current Assets: ₹57.66
  • Property, Plant and Equipment: ₹30.27
  • Current Assets: ₹711.06
  • Inventories: ₹638.23
  • Trade Receivables: ₹28.97
  • Cash and Cash Equivalents: ₹31.62

Equity and Liabilities (₹ in Lakhs):

  • Equity Share Capital: ₹245.00 (unchanged)
  • Other Equity: ₹(1,001.85) (accumulated losses, worsened from ₹(832.62))
  • Total Equity: ₹(756.85) (negative)
  • Non-Current Liabilities: ₹516.99
  • Current Liabilities: ₹1,008.58
  • Trade Payables: ₹944.28 (significantly increased from ₹417.20)

Cash Flow Statement (Quarter Ended 30.06.2026)

  • Net Cashflow from Operating Activities: ₹(11.58)
  • Net Cashflow from Investing Activities: ₹(0.36)
  • Net Cashflow from Financing Activities: ₹0.00
  • Net Decrease in Cash: ₹(11.94)
  • Cash at Beginning: ₹43.56
  • Cash at End: ₹31.62

Material Developments and Notes

1. Going Concern Uncertainty:

The company has incurred a net loss of ₹169.23 lakhs during the quarter. As of 30 June 2026, accumulated losses aggregate to ₹1,001.85 lakhs, resulting in complete erosion of net worth. Current liabilities exceed current assets by ₹297.50 lakhs. Despite this, the financial statements have been prepared on a going concern basis.

2. Material Change in Shareholding (Post-Balance Sheet Date):

On 14th May 2026, M/s. Touristas Horizons (P) Ltd and M/s. BBU Enterprises (P) Ltd acquired 2,52,861 equity shares each (total 5,05,722 shares), representing approximately 20.64% of the company's shareholding.

3. Business Transfer Agreement:

During the quarter ending 31 March 2026, the company received ₹300 lakhs from Canolli Manufacturing Private Limited as an advance against the transfer of its business as a going concern on a slump sale basis. The total consideration for this transfer is ₹425 lakhs as per the Business Transfer Agreement dated 11 December 2025.

4. Proposed Acquisitions:

Shareholders approved the 100% acquisition of Tekfoods International Private Limited and Samridh Overseas Trading Private Limited through share swap transactions in an Extraordinary General Meeting held on 1st August 2026. Since the shareholders of the target companies are related parties, requisite approval for these related party transactions was also obtained.

5. Segment Information:

The company operates primarily in one segment: Manufacture of Reed Switches, Proximity Switches & Ball Switches.

6. Auditor's Review:

V.V. Kale and Company, Chartered Accountants, conducted a limited review and issued an unmodified review conclusion. They emphasized the four material matters noted above in their "Emphasis of Matter" paragraph.