Date: October 23, 2026

Board Meeting Outcomes

The Board of Directors meeting held on October 23, 2026 (commencing at 04:30 PM and concluding at 05:00 PM) considered and approved the unaudited Financial Results of the Company for the quarter and half year ended on September 30, 2026 of the Financial Year 2026-27, pursuant to Regulation 30 and Regulation 33 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Results (Standalone)

Quarter Ended September 30, 2026 (Unaudited)

  • Revenue from Operations: ₹1,149.46 lakhs
  • Other Income: ₹5.00 lakhs
  • Total Income: ₹1,145.46 lakhs
  • Cost of Sales & Services: ₹1,161.50 lakhs
  • Changes in Inventories: (₹154.78) lakhs
  • Employee Benefit Expenses: ₹15.97 lakhs
  • Other Expenses: ₹21.80 lakhs
  • Total Expenses: ₹1,044.49 lakhs
  • EBITDA: ₹104.97 lakhs
  • Finance Costs: ₹14.07 lakhs
  • Profit Before Tax: ₹90.90 lakhs
  • Current Tax: ₹20.69 lakhs
  • Net Profit: ₹70.21 lakhs
  • Basic EPS: ₹0.23
  • Diluted EPS: ₹0.23

Half Year Ended September 30, 2026 (Unaudited)

  • Revenue from Operations: ₹3,114.37 lakhs
  • Other Income: ₹3.40 lakhs
  • Total Income: ₹3,117.77 lakhs
  • Cost of Sales & Services: ₹3,113.49 lakhs
  • Changes in Inventories: (₹388.38) lakhs
  • Employee Benefit Expenses: ₹19.31 lakhs
  • Other Expenses: ₹43.75 lakhs
  • Total Expenses: ₹2,788.17 lakhs
  • EBITDA: ₹329.60 lakhs
  • Finance Costs: ₹27.62 lakhs
  • Profit Before Tax: ₹301.98 lakhs
  • Current Tax: ₹20.69 lakhs
  • Net Profit: ₹281.29 lakhs
  • Basic EPS: ₹0.92
  • Diluted EPS: ₹0.92

Comparative Figures

Quarter Ended September 30, 2025: Net Loss of ₹32.30 lakhs

Half Year Ended September 30, 2025: Net Loss of ₹46.99 lakhs

Year Ended March 31, 2026: Net Profit of ₹18.13 lakhs

Balance Sheet Highlights (as at September 30, 2026)

Assets

  • Current Assets: ₹3,991.28 lakhs
  • Inventories: ₹472.94 lakhs (vs ₹84.56 lakhs as at March 31, 2026)
  • Trade Receivables: ₹3,499.96 lakhs (vs ₹1,242.02 lakhs as at March 31, 2026)
  • Cash and Cash Equivalents: ₹14.15 lakhs (vs ₹10.14 lakhs as at March 31, 2026)
  • Other Current Assets: ₹4.23 lakhs
  • Total Assets: ₹3,991.28 lakhs (vs ₹1,336.72 lakhs as at March 31, 2026)

Equity and Liabilities

  • Equity Share Capital: ₹1,217.20 lakhs (unchanged)
  • Other Equity: (₹1,481.25) lakhs (vs (₹1,762.54) lakhs as at March 31, 2026)
  • Total Equity: (₹264.05) lakhs (vs (₹545.34) lakhs as at March 31, 2026)
  • Non-current Liabilities: ₹665.72 lakhs
  • Borrowings: ₹623.68 lakhs (vs ₹662.03 lakhs as at March 31, 2026)
  • Other Financial Liabilities: ₹42.04 lakhs (vs ₹17.19 lakhs as at March 31, 2026)
  • Current Liabilities: ₹3,589.61 lakhs
  • Trade Payables: ₹3,491.49 lakhs (vs ₹1,164.37 lakhs as at March 31, 2026)
  • Outstanding dues of micro and small enterprises: Not specified
  • Outstanding dues of other creditors: ₹3,491.49 lakhs
  • Other Financial Liabilities: ₹7.58 lakhs
  • Other Current Liabilities: ₹69.85 lakhs
  • Current Tax Liabilities: ₹20.69 lakhs

Cash Flow Statement

Half Year Ended September 30, 2026

  • Cash Flow from Operating Activities: ₹45.12 lakhs
  • Cash Flow from Investing Activities: ₹0.00 lakhs
  • Cash Flow from Financing Activities: (₹41.11) lakhs
  • Net Increase in Cash: ₹4.01 lakhs
  • Cash at Beginning: ₹10.14 lakhs
  • Cash at End: ₹14.15 lakhs (comprising Cash in Hand: ₹0.00, Balances with Banks: ₹14.15 lakhs)

Ownership Update

During the period under review, SAR Televenture Limited acquired 2,13,51,740 Equity Shares pursuant to a Share Purchase Agreement dated March 03, 2026, and further acquired 910 Equity Shares through an Open Offer dated March 16, 2026, at a price of ₹2.50 per Equity Share. This aggregated their shareholding to 70.17%, acquiring a controlling/substantial equity stake in the company.

Business Segment

The Company is engaged in the business of telecom and communication equipment, including cables, optical fiber systems, and networking hardware, with only one reporting segment as per IND AS 108.

Additional Information

  • The figures for the quarter ended September 30, 2026 are balancing figures between the half-year results and the published unaudited figures for the quarter ended June 30, 2026
  • Previous period figures have been regrouped/reclassified wherever necessary
  • The extract of the Unaudited Financial Results shall be published in newspapers in accordance with Regulation 47 of the SEBI (LODR) Regulations