Board Meeting Details

The Board of Directors meeting was held on Tuesday, November 10, 2026, commencing at 11:00 AM and concluding at 03:45 PM. The board considered and approved the standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2026.

Financial Results - Standalone (₹ in lakhs)

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: Nil (compared to ₹48.70 lakh in Q2 FY25)
  • Other Income: Nil (compared to ₹2.82 lakh in Q2 FY25)
  • Total Revenue: Nil (compared to ₹51.52 lakh in Q2 FY25)
  • Total Expenses: ₹13.97 lakh
  • Employee benefits expense: ₹1.13 lakh
  • Depreciation and amortization: ₹0.91 lakh
  • Other expenses: ₹11.93 lakh
  • Loss before tax: ₹13.97 lakh (compared to profit of ₹6.36 lakh in Q2 FY25)
  • Tax expense: Nil
  • Loss for the period: ₹13.97 lakh (compared to profit of ₹6.36 lakh in Q2 FY25)
  • Earnings per share (Basic & Diluted): -₹0.20 (compared to ₹0.09 in Q2 FY25)

Half Yearly Performance (H1 FY27)

  • Revenue from Operations: Nil (compared to ₹48.70 lakh in H1 FY25)
  • Other Income: Nil (compared to ₹2.82 lakh in H1 FY25)
  • Total Revenue: Nil (compared to ₹51.52 lakh in H1 FY25)
  • Total Expenses: ₹25.19 lakh
  • Employee benefits expense: ₹2.25 lakh
  • Depreciation and amortization: ₹1.83 lakh
  • Other expenses: ₹21.11 lakh
  • Loss before tax: ₹25.19 lakh (compared to loss of ₹5.07 lakh in H1 FY25)
  • Tax expense: Nil
  • Loss for the period: ₹25.19 lakh (compared to loss of ₹5.07 lakh in H1 FY25)
  • Earnings per share (Basic & Diluted): -₹0.36 (compared to -₹0.07 in H1 FY25)

Capital Structure (Standalone)

  • Paid-up Equity Share Capital: ₹708.25 lakh (unchanged)
  • Reserves: ₹713.83 lakh (decreased from ₹727.80 lakh in previous quarter)
  • Face Value per share: ₹1.00

Financial Results - Consolidated (₹ in lakhs)

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: Nil
  • Other Income: Nil
  • Total Revenue: Nil
  • Total Expenses: ₹15.73 lakh
  • Employee benefits expense: ₹1.13 lakh
  • Depreciation and amortization: ₹2.67 lakh
  • Other expenses: ₹11.93 lakh
  • Loss before tax: ₹15.73 lakh
  • Tax expense: Nil
  • Loss for the period: ₹15.73 lakh
  • Earnings per share (Basic & Diluted): -₹0.22

Half Yearly Performance (H1 FY27)

  • Revenue from Operations: Nil
  • Other Income: Nil
  • Total Revenue: Nil
  • Total Expenses: ₹28.70 lakh
  • Employee benefits expense: ₹2.25 lakh
  • Depreciation and amortization: ₹5.33 lakh
  • Other expenses: ₹21.11 lakh
  • Loss before tax: ₹28.70 lakh
  • Tax expense: Nil
  • Loss for the period: ₹28.70 lakh
  • Earnings per share (Basic & Diluted): -₹0.40

Subsidiary Information

Consolidated results include subsidiary A Pyramid Entertainment (India) Private Limited, which reported:

  • Total revenue: Nil for Q2 FY27
  • Net loss after tax: ₹1.75 lakh for Q2 FY27
  • Total comprehensive loss: ₹1.75 lakh for Q2 FY27

Management considers these results not material to the group.

Capital Structure (Consolidated)

  • Paid-up Equity Share Capital: ₹713.25 lakh
  • Reserves: ₹10.13 lakh (decreased from ₹25.86 lakh in previous quarter)
  • Face Value per share: ₹1.00

Auditor's Review

Manoj Acharya & Associates, Chartered Accountants (FRN: 114984W), issued limited review reports for both standalone and consolidated results. The review was conducted in accordance with SRE 2410 and provides moderate assurance.

Qualification Note

The auditors drew attention to non-disclosure of the impact of pending litigations on the financial position, as management did not furnish requisite information/evidence in this regard.

Balance Sheet Position (Standalone as of 30.09.2026)

  • Total Assets: ₹1,654.63 lakh (decreased from ₹1,845.77 lakh as of 31.03.2026)
  • Non-current assets: ₹749.91 lakh
  • Current assets: ₹904.72 lakh
  • Total Equity: ₹1,503.04 lakh
  • Total Liabilities: ₹151.59 lakh
  • Cash and cash equivalents: ₹1.97 lakh (significantly decreased from ₹178.90 lakh)

Cash Flow Statement (Standalone H1 FY27)

  • Net cash used in operating activities: ₹163.77 lakh
  • Net cash used in investing activities: ₹12.90 lakh
  • Net cash used in financing activities: ₹0.25 lakh
  • Net decrease in cash and cash equivalents: ₹176.93 lakh
  • Cash and cash equivalents at period end: ₹1.97 lakh