Financial Results Overview

Quarter Ended 30 September 2026:

  • Total Revenue: ₹0.99 lakhs
  • Total Expenses: ₹51.80 lakhs
  • Profit before Exceptional Items and tax: (₹50.81) lakhs
  • Exceptional Items: ₹542.21 lakhs
  • Profit before tax: ₹491.40 lakhs
  • Net Profit for the period: ₹491.40 lakhs
  • Earnings per share (Basic & Diluted): ₹20.06

Half Year Ended 30 September 2026:

  • Total Revenue: ₹97.07 lakhs
  • Total Expenses: ₹317.11 lakhs
  • Profit before Exceptional Items and tax: (₹220.05) lakhs
  • Exceptional Items: ₹542.21 lakhs
  • Profit before tax: ₹322.17 lakhs
  • Net Profit for the period: ₹322.17 lakhs
  • Earnings per share (Basic & Diluted): ₹13.15

Key Financial Metrics

  • Equity Share Capital: ₹245.00 lakhs (Face Value of ₹10/- each)
  • Reserves: (₹832.62) lakhs as per audited Balance Sheet of previous year
  • Total Assets as at 30 September 2026: ₹122.17 lakhs
  • Total Equity & Liabilities: ₹122.17 lakhs

Auditor's Emphasis Matters

1. Reportable Segment / Object of the Company

The Company majorly operated in only one segment - Manufacture of Reed Switches, Proximity Switches & Ball Switches. During Q2 2026-27, the Company transferred this business on a slump sale. The Board approved change in Object Clause on 19 January 2026 to include food processing as main object.

2. Material Change in Shareholding

M/s. Touristas Horizons (P) Ltd (CIN:U79110WB2023PTC264828) and M/s. BBU Enterprises (P) Ltd (CIN:U51909WB2022PTC254100) acquired 2,52,861 equity shares each on 14th May 2026, aggregating to 5,05,722 equity shares representing 20.64% shareholding.

3. Transfer of Business Undertaking

During FY 2025-26, the Company received ₹300 lakhs from Canolli Manufacturing Private Limited pursuant to Business Transfer Agreement dated 11 December 2025. Total consideration for slump sale was ₹425 lakhs. The Company completed the slump sale and recognized resultant capital gains during quarter ending 30 September 2026.

4. Proposed Acquisitions

Shareholders approved 100% acquisition of TEKFOODS INTERNATIONAL PRIVATE LIMITED and SAMRIDH OVERSEAS TRADING PRIVATE LIMITED through share swap transactions in Extra Ordinary General Meeting dated 01 August 2026.

5. Exceptional Items

Exceptional items of ₹542.21 lakhs include:

  • Write back of credit and debit balances: ₹702.86 lakhs
  • Impairment of inventory: ₹287.98 lakhs
  • Gain on slump sale: ₹127.33 lakhs

Cash Flow Statement (Half Year Ended 30 September 2026)

  • Net Cashflow from Operating Activities: ₹57.60 lakhs
  • Net Cashflow from Investing Activities: (₹85.63) lakhs
  • Net Cashflow from Financing Activities: (₹0.30) lakhs
  • Net Decrease in Cash: (₹28.18) lakhs

Related Party Transactions

Multiple transactions totaling ₹271.94 lakhs during reporting period, including:

  • Remuneration to directors and officers
  • Intercorporate Deposit with BBU Enterprises: ₹25.00 lakhs
  • Interest accrued on ICD: ₹0.30 lakhs
  • Sale and purchase of goods with Comus group entities