Key Decisions and Financial Results

1. Unaudited Financial Results for Q1 FY27 (Quarter ended June 30, 2026):

  • The Board considered and approved the unaudited standalone financial results.
  • Statutory Auditors PPKG & Co Chartered Accountants, Hyderabad, conducted a limited review and expressed an unmodified conclusion.
  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS).

Financial Performance (₹ in lakhs):

  • Total Income: ₹105.32 lakhs
  • Total Expenses: ₹85.21 lakhs
  • Profit Before Tax: ₹11.66 lakhs
  • Profit After Tax: ₹11.66 lakhs
  • Earnings Per Share (Basic and Diluted): ₹0.10

Balance Sheet Highlights as of June 30, 2026 (₹ in lakhs):

  • Total Assets: ₹1,682.64
  • Share Capital: ₹1,158.29
  • Other Equity: ₹342.49
  • Current Liabilities: ₹181.80
  • Inventories: ₹216.87
  • Trade Receivables: ₹161.03
  • Cash and Cash Equivalents: ₹82.19

Cash Flow Statement (₹ in lakhs):

  • Net Cash from Operating Activities: (₹105.09)
  • Net Cash from Investing Activities: (₹0.58)
  • Net Cash from Financing Activities: ₹65.49
  • Net Decrease in Cash: (₹40.17)

2. Forfeiture of Partly Paid-up Share Warrants:

  • The Board approved forfeiture of 7,80,001 partly paid-up Convertible Share Warrants.
  • These warrants were originally allotted on a preferential basis on March 20, 2025, at an issue price of ₹20 per warrant.
  • Warrant holders had paid 25% upfront (₹5 per warrant) with balance 75% (₹15 per warrant) payable at conversion.
  • Out of total 1,00,25,000 warrants allotted, 92,44,999 were converted to equity after full payment.
  • The remaining 7,80,001 warrants were forfeited due to non-payment of balance subscription amount despite demand letters and reminder notices.
  • Forfeited amount: ₹39,00,005 (25% upfront payment retained by company).

Details of Warrant Holders and Forfeited Amounts:

  • Trupti Uday Khanapurkar: 33,334 warrants (₹1,66,670 forfeited)
  • WCA Services Private Limited: 96,667 warrants (₹4,83,335 forfeited)
  • Hitesh Surendrakumar Loonia: 2,50,000 warrants (₹12,50,000 forfeited)
  • Vibhu Maurya: 2,50,000 warrants (₹12,50,000 forfeited)
  • Mohit Loonia: 1,50,000 warrants (₹7,50,000 forfeited)

The forfeiture was conducted pursuant to terms of issue, Companies Act 2013, and SEBI (ICDR) Regulations 2018.

Additional Information

  • Company operates in a single segment (pharmaceuticals)
  • Board meeting commenced at 4:00 PM and concluded at 4:40 PM on August 7, 2026
  • Signed by Venkata Rao Sadhanala, Managing Director (DIN: 02906370)