Key Financial Results - Standalone (₹ in Lakhs)
Quarter Ended September 30, 2026:
- Revenue from Operations: 441.42
- Other Income: 18.21
- Total Income: 459.63
- Total Expenses: 621.00
- Loss Before Tax: (161.37)
- Tax Expense: (3.10) [Deferred tax]
- Loss After Tax: (158.27)
- Basic EPS: (1.3)
- Diluted EPS: (1.3)
Half Year Ended September 30, 2026:
- Revenue from Operations: 526.66
- Other Income: 36.37
- Total Income: 563.03
- Total Expenses: 852.03
- Loss Before Tax: (289.00)
- Tax Expense: 31.05 [Deferred tax]
- Loss After Tax: (320.05)
- Basic EPS: (2.6)
- Diluted EPS: (2.6)
Key Financial Results - Consolidated (₹ in Lakhs)
Quarter Ended September 30, 2026:
- Revenue from Operations: 771.56
- Other Income: 18.21
- Total Income: 789.77
- Total Expenses: 1,249.00
- Loss Before Tax: (459.23)
- Tax Expense: (78.55) [Current tax: (0.05), Deferred tax: (78.50)]
- Loss After Tax: (380.68)
- Attributable to Owners: (271.71)
- Attributable to Non-Controlling Interest: (108.98)
- Basic EPS: (2.2)
- Diluted EPS: (2.2)
Half Year Ended September 30, 2026:
- Revenue from Operations: 959.52
- Other Income: 36.37
- Total Income: 995.89
- Total Expenses: 1,582.33
- Loss Before Tax: (586.44)
- Tax Expense: (44.43) [Deferred tax]
- Loss After Tax: (542.01)
- Attributable to Owners: (433.25)
- Attributable to Non-Controlling Interest: (108.76)
- Basic EPS: (3.49)
- Diluted EPS: (3.49)
Balance Sheet Highlights (Standalone as at September 30, 2026)
- Total Assets: 15,841.07
- Property, Plant and Equipment: 1,373.37
- Inventories: 6,864.03
- Trade Receivables: 2,568.88
- Cash and Cash Equivalents: 12.74
- Bank Balances: 63.62
- Equity Share Capital: 1,239.77 (Face Value: ₹10.00)
- Other Equity: 9,950.77
- Total Borrowings: 1,947.61 (Non-current: 972.33, Current: 975.28)
Cash Flow Statement (Standalone Half Year Ended September 30, 2026)
- Net Cash from Operating Activities: (1,947.45)
- Net Cash from Investing Activities: 19.90
- Net Cash from Financing Activities: 1,922.79
- Net Decrease in Cash: (4.76)
Fundraising Activities
Preferential Issue 1:
- Date: June 25, 2026
- Warrants Allotted: 10,00,000
- Amount Raised till September 30, 2026: ₹12.35 crore
- Purpose: Implementation and Commercialization of Patented Sugar Manufacturing Technology
Preferential Issue 2:
- Date: September 23, 2025 (warrants allotted), October 19, 2026 (shares allotted)
- Warrants/Equity Shares: 2,50,000
- Amount Raised till September 30, 2026: ₹8.32 crore
- Purpose: Working capital requirements and business expansion
Auditor Qualifications
MAAK and Associates issued qualified review reports highlighting:
1. Trade receivables and advances for land purchase totaling ₹6864.03 lakhs are subject to confirmation and reconciliation, unable to verify existence, recoverability, and carrying value
2. Inventories valued based on management's technical analysis instead of lower of cost and net realizable value as required by Ind AS 2
3. Unable to verify inventory valuation due to lack of computation workings and underlying basis
Related Party Transactions (Half Year Ended September 30, 2026)
- Director Remuneration: ₹30.00 lakhs total to Dharmendra S Gor, Neera D Gor, Jayesh Shah, Avani S Patel
- Executive Remuneration: ₹10.20 lakhs total to Harsh Gor (CEO) and Samir Patel (CFO)
- Business transactions with subsidiary Taylormade Enviro Private Limited: ₹5.90 lakhs
Board Meeting Details
- Meeting Date: November 14, 2026
- Commencement Time: 03:40 PM
- Conclusion Time: 04:30 PM
- Documents Approved: Un-audited standalone and consolidated financial results for quarter ended September 30, 2026