Key Quantitative Figures

Financial Results for Quarter Ended September 30, 2026 (Standalone):

  • Income from Operations: ₹92.93 crore (Q2 FY27) vs ₹72.38 crore (Q2 FY26) - 28.6% increase
  • Net Profit: ₹8.04 crore (Q2 FY27) vs ₹6.56 crore (Q2 FY26) - 22.5% increase
  • EPS: ₹6.43 (Q2 FY27) vs ₹5.25 (Q2 FY26)
  • Technical & Operation Expense: ₹67.36 crore
  • Employee Benefit Expense: ₹10.96 crore
  • Finance Costs: ₹2.40 crore
  • Current Tax: ₹2.44 crore

Half-Year Ended September 30, 2026 (Standalone):

  • Total Income: ₹143.99 crore
  • Net Profit: ₹12.69 crore
  • EPS: ₹10.14

Segment Performance (Q2 FY27):

  • Technical Division Revenue: ₹20.65 crore
  • Projects Division Revenue: ₹71.21 crore
  • Technical Division Profit: ₹0.85 crore
  • Projects Division Profit: ₹14.05 crore

Balance Sheet Position (Half-Year Ended September 30, 2026):

  • Total Assets: ₹392.70 crore
  • Equity Share Capital: ₹12.51 crore
  • Reserves: ₹146.69 crore
  • Borrowings: ₹15.92 crore (Current) + ₹15.92 crore (Non-current)
  • Cash & Cash Equivalents: ₹15.60 crore

Preferential Issue Details:

  • Securities: Fully Convertible Warrants
  • Quantity: Up to 5,14,491 warrants
  • Issue Price: ₹291.55 per warrant
  • Total Potential Proceeds: ₹14.99 crore
  • Allottees: Mr. T. Madhu Mitra (257,246 warrants) and Mrs. T. Pavana Devi (257,245 warrants)

Dates of Action

  • Board Meeting: November 11, 2026 (3:30 PM to 9:15 PM)
  • CFO Appointment Effective: December 4, 2026
  • Relevant Date for Preferential Issue: November 11, 2026

Parties Involved

  • Subsidiary: TS Innovations Private Limited (with net assets of ₹-0.66 lakh as of September 30, 2026)
  • Regulators: SEBI, BSE Limited, National Stock Exchange of India Limited
  • Auditors: Narven Associates (Chartered Accountants)
  • New CFO: Mr. G. Venkatanarayana (CA with 14 years experience)
  • Promoter Allottees: Mr. T. Madhu Mitra, Mrs. T. Pavana Devi

Purpose/Rationale

  • Preferential Issue: To raise funds from promoter/promoter group members
  • Name Change & MOA Alteration: To align with new business directions
  • CFO Appointment: To fill vacancy caused by resignation of previous CFO

Financial Impact

  • Preferential Issue: Potential equity dilution from current promoter holding of 47.53% to 49.61% post-conversion
  • Warrant Conversion: Must be converted within 18 months from allotment date
  • No Open Offer Trigger: As per SEBI (SAST) Regulations, 2011

Capital Structure Impact

  • Current Paid-up Capital: ₹12.51 crore (1.25 crore shares of ₹10 face value)
  • Potential Capital Increase: Up to ₹0.51 crore if all warrants are converted (5.14 lakh additional shares)
  • Promoter Holding Change: From 47.53% to 49.61% post conversion

Forward-looking Items

  • Extraordinary General Meeting to be convened for shareholder approvals
  • Warrant conversion timeline: Within 18 months from allotment date
  • Company name change and MOA alteration subject to member approval

Annexures Included

  • Annexure A: Un-audited Financial Results with Limited Review Report
  • Annexure B: Details of newly appointed CFO
  • Annexure C: Details of Preferential Issue