Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to SEBI LODR Regulations 30, 33, 52, 54

Date of Board Meeting / Approval: Tuesday, 4th August, 2026 (5:00 PM to 7:00 PM)

Audit Opinion: Unmodified limited review report (clean opinion)

Auditor's Comment: No material misstatements found; financial results prepared in accordance with Ind AS and SEBI regulations

Key Financial Highlights [All amounts in ₹ lakhs]

Standalone Results:

Revenue from Operations: ₹7,330.95 (Q1 FY27)

Total Income: ₹7,330.95 (Q1 FY27)

EBITDA: Not explicitly disclosed

Net Profit: ₹693.34 (Q1 FY27)

EPS: Basic ₹6.85, Diluted ₹6.85 (Q1 FY27)

Other Equity: Not explicitly disclosed

Cash and Cash Equivalents: Not explicitly disclosed

Debt: Financial costs of ₹367.17 (Q1 FY27); debt-equity ratio 0.90

YoY Comparison (Standalone):

  • Revenue from Operations: ₹7,330.95 (Q1 FY27) vs ₹32,641.46 (Q1 FY26) [Note: Significant variance suggests possible data interpretation issue]
  • Net Profit: ₹693.34 (Q1 FY27) vs ₹3,219.61 (Q1 FY26)

Consolidated Results:

Revenue from Operations: ₹7,330.95 (Q1 FY27)

Total Income: ₹7,330.95 (Q1 FY27)

EBITDA: Not explicitly disclosed

Net Profit: ₹601.14 (Q1 FY27)

  • Attributable to owners: ₹601.73
  • Attributable to non-controlling interest: (₹0.59)

EPS: Basic ₹5.94, Diluted ₹5.94 (Q1 FY27)

Other Equity: Not explicitly disclosed

Cash and Cash Equivalents: Not explicitly disclosed

Debt: Financial costs of ₹378.52 (Q1 FY27); debt-equity ratio not specified

YoY Comparison (Consolidated):

  • Revenue from Operations: ₹7,330.95 (Q1 FY27) vs ₹32,641.46 (Q1 FY26) [Note: Significant variance suggests possible data interpretation issue]
  • Net Profit: ₹601.14 (Q1 FY27) vs ₹3,635.49 (Q1 FY26)

Key Ratios (Standalone):

  • Debt-equity ratio: 0.90 (Q1 FY27) vs 0.81 (Q1 FY26)
  • Debt service coverage ratio: 2.06 (Q1 FY27) vs 8.24 (Q1 FY26)
  • Interest service coverage ratio: 3.51 (Q1 FY27) vs 13.05 (Q1 FY26)
  • Net worth: ₹12,099.53 (Q1 FY27) vs ₹11,406.19 (Q1 FY26)
  • Current ratio: 1.11 (Q1 FY27) vs 1.02 (Q1 FY26)
  • Operating margin: 16.08% (Q1 FY27) vs 13.49% (Q1 FY26)
  • Net profit margin: 9.65% (Q1 FY27) vs 10.10% (Q1 FY26)

Key Ratios (Consolidated):

  • Net worth: ₹12,220.49 (Q1 FY27) vs ₹11,618.76 (Q1 FY26)
  • Current ratio: 1.18 (Q1 FY27) vs 1.07 (Q1 FY26)
  • Operating margin: 15.71% (Q1 FY27) vs 13.70% (Q1 FY26)
  • Net profit margin: 8.30% (Q1 FY27) vs 11.26% (Q1 FY26)

Segment-wise Performance:

The company operates in three reportable segments:

1. Erection, Installation of T&D Lines, and Maintenance of Power Stations (Core segment)

  • Revenue: ₹7,186.27 lakhs
  • Segment Results: ₹1,136.51 lakhs

2. Real Estate (Viviana Life Spaces Private Limited)

  • Revenue: ₹50.80 lakhs
  • Segment Results: ₹10.25 lakhs

3. Manufacturing of Transformers (Aarsh Transformers Private Limited)

  • Revenue: ₹1.99 lakhs
  • Segment Results: (₹7.44) lakhs (loss)

Corporate Actions:

Disinvestment Approval:

  • Board approved disinvestment of entire shareholding in two subsidiaries:

1. Viviana Life Spaces Private Limited: 90% stake (Real Estate business)

2. Aarsh Transformers Private Limited: 75% stake (Transformer Manufacturing)

Rationale for Disinvestment:

  • Viviana Life Spaces: To realign business portfolio by exiting non-core real estate business
  • Aarsh Transformers: To facilitate better operational integration as transformer manufacturing will be undertaken directly

Transaction Details:

  • Viviana Life Spaces buyer: Mrs. Priyanka Richi Choksi (Promoter)
  • Aarsh Transformers buyer: Mrs. Renu Sakrani (Not related to promoter group)
  • Expected completion: On or before 31st December, 2026
  • Consideration: To be determined through definitive agreements
  • Arms-length transaction based on valuation report

Financial Impact of Subsidiaries (FY 2025-26):

  • Viviana Life Spaces:
  • Revenue: ₹1.05 lakhs (0.00% of consolidation)
  • Net worth: ₹480.01 lakhs (4.13% of consolidation)
  • Aarsh Transformers:
  • Revenue: ₹929.22 lakhs (1.75% of consolidation)
  • Net worth: (₹105.55) lakhs (-0.91% of consolidation)

Other Significant Information:

Entities in Consolidation:

  • Viviana Life Spaces Private Limited (90% subsidiary)
  • Aarsh Transformers Private Limited (75% subsidiary)

Exceptional Items:

  • Consolidated: (₹0.24) lakhs exceptional items
  • Standalone: No exceptional items

Accounting Policy:

  • No change in accounting policy affecting comparability
  • Figures regrouped/restated where necessary for current period classification

Forward-looking Guidance:

  • No specific guidance provided in the document