Board Meeting Details

The board meeting was held on November 10, 2026, commencing at 11:30 AM and concluding at 1:30 PM. The meeting intimation was dated October 14, 2026.

Financial Results Overview

The company submitted both standalone and consolidated unaudited financial results including Statement of Profit and Loss, Segment Results, Cash Flow Statement, and the Limited Review Report from statutory auditors M/s. NRD Associates dated November 10, 2026.

Standalone Financial Performance (Rs. in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹2181.25
  • Other income: ₹89.41
  • Total income: ₹2270.66
  • Total expenses: ₹2227.99
  • Profit before tax: ₹42.67
  • Tax expense: ₹(-4.36) [deferred tax]
  • Net profit: ₹47.03
  • Total comprehensive income: ₹58.37
  • Basic EPS: ₹0.93

Comparative Quarter Performance:

  • Q2 FY26 (Sep 30, 2025): Net loss of ₹187.48 lakhs
  • Q1 FY27 (Jun 30, 2026): Net loss of ₹39.45 lakhs

Year-to-Date Performance (Apr-Sep 2026):

  • Revenue: ₹3761.99
  • Net profit: ₹7.58
  • Basic EPS: ₹0.15

Segment-wise Performance (Standalone)

Engineering Division:

  • Q2 FY27 revenue: ₹477.75 lakhs
  • Q2 FY27 segment result: Profit of ₹10.37 lakhs (improved from loss of ₹30.53 lakhs in Q1 FY27)

Textile Division:

  • Q2 FY27 revenue: ₹1703.72 lakhs
  • Q2 FY27 segment result: Profit of ₹18.00 lakhs (improved from loss of ₹47.84 lakhs in Q1 FY27)

Balance Sheet Position (Standalone as of Sep 30, 2026)

  • Total assets: ₹6569.62 lakhs
  • Property, plant and equipment: ₹3151.94 lakhs
  • Inventories: ₹1947.70 lakhs
  • Total equity: ₹977.43 lakhs
  • Equity share capital: ₹507.19 lakhs (face value ₹10 per share)
  • Borrowings: ₹2248.53 lakhs (non-current) + ₹1325.22 lakhs (current)

Consolidated Financial Results

Includes associate company M/s Veejay Sales and Services Limited (no subsidiaries)

Quarter Ended September 30, 2026:

  • Share of profit from associate: ₹14.62 lakhs
  • Net profit: ₹47.03 lakhs (same as standalone)
  • Total comprehensive income: ₹72.50 lakhs

Cash Flow Statement (Standalone)

For period ended September 30, 2026:

  • Net cash used in operations: ₹(172.76) lakhs
  • Net cash used in investing: ₹(5.77) lakhs
  • Net cash from financing: ₹171.05 lakhs
  • Net increase in cash: ₹1.53 lakhs

Audit Status

The statutory auditors, M/s. NRD Associates, issued an unmodified review opinion for both standalone and consolidated financial results dated November 10, 2026. The review was conducted in accordance with SRE 2410 issued by ICAI.

Capital Structure

Paid-up equity share capital remains unchanged at ₹507.19 lakhs (face value ₹10 per share) across all periods presented.