1. Un-audited Financial Results

The Board approved the Un-audited Financial Results (Standalone and Consolidated) of the Company for the Second Quarter and Half Year ended 30th September, 2026, of the Current Financial Year 2026-27 as recommended by the Audit Committee. The results were accompanied by a Limited Review Report from the Statutory Auditors, M/s VCA & Associates, Chartered Accountants, Vadodara.

Standalone Financial Highlights (Amount in ₹ Lakhs):

Quarter Ended 30th September 2026 (Unaudited):

  • Revenue from Operations: 861.41
  • Other Income: 2.10
  • Total Income: 863.51
  • Total Expenses: 1,444.48
  • Loss Before Tax: (580.96)
  • Tax Expense: (2.17) Current Tax; 2.74 Deferred Tax
  • Loss for the Period: (581.53)
  • Other Comprehensive Income: 8.73
  • Total Comprehensive Loss for the Period: (572.80)
  • Basic & Diluted EPS: (0.19)

Quarter Ended 30th June 2026 (Unaudited):

  • Revenue from Operations: 6,164.32
  • Profit Before Tax: 9.50
  • Profit for the Period: 18.92
  • Basic & Diluted EPS: 0.01

Quarter Ended 30th September 2025 (Unaudited):

  • Revenue from Operations: 3,342.53
  • Profit Before Tax: 9.50
  • Profit for the Period: 17.45
  • Basic & Diluted EPS: 0.01

Half Year Ended 30th September 2026 (Unaudited):

  • Revenue from Operations: 7,025.73
  • Loss Before Tax: (571.46)
  • Loss for the Period: (562.61)
  • Basic & Diluted EPS: (0.19)

Half Year Ended 30th September 2025 (Unaudited):

  • Revenue from Operations: 6,569.57
  • Profit Before Tax: 157.20
  • Profit for the Period: 129.38
  • Basic & Diluted EPS: 0.05

Year Ended 31st March 2026 (Audited):

  • Revenue from Operations: 24,690.23
  • Profit Before Tax: 283.89
  • Profit for the Period: 195.49
  • Basic & Diluted EPS: 0.07

Paid-up Equity Share Capital remained constant at 3008.17 Lakh shares (Face Value: ₹1/- each) for all periods from Q2 2026 onwards, up from 2606.94 Lakh shares in the comparable prior periods.

Consolidated Financial Highlights (Amount in ₹ Lakhs):

Quarter Ended 30th September 2026 (Unaudited):

  • Revenue from Operations: 861.41
  • Loss for the Period: (583.17)
  • Basic & Diluted EPS: (0.19)

Half Year Ended 30th September 2026 (Unaudited):

  • Revenue from Operations: 7,025.73
  • Loss for the Period: (566.18)
  • Basic & Diluted EPS: (0.19)

Consolidated results include one foreign subsidiary, Wardwizard Global PTE LTD (100% owned), which reported a total loss of ₹1.44 Lakh for the quarter ended 30.09.2026.

2. Appointment of Additional Director

The Board appointed Mr. Vishal Manharbhai Shah (DIN: 11155812) as an Additional Director in the Category of Non-Executive Independent Director, effective 07th November, 2026, based on the recommendation of the Nomination and Remuneration Committee. The appointment is for a period of five consecutive years, subject to approval by shareholders at the ensuing Annual General Meeting.

Mr. Shah is a Practicing Cost Accountant with expertise in cost and management accounting, corporate costing, statutory cost audits, financial analysis, cost optimization, profitability analysis, product costing, fixed asset and inventory valuation, and ERP/SAP advisory. He is not related to any existing director of the Company, and confirmation was provided that he is not debarred from holding the office of Director by virtue of any SEBI order or other authority.

3. Extension for Annual General Meeting

The Board approved a proposal to file an application with the Registrar of Companies (ROC) under Section 96 of the Companies Act, 2013, seeking an extension of one month for holding the 44th Annual General Meeting for the financial year 2025-26.

Auditor's Emphasis of Matter

The Statutory Auditors, VCA & Associates, drew attention to two notes in their Limited Review Report:

1. Note 6/7: Relates to a contingent liability from a Show Cause Notice dated 18th March 2023 from the Commissioner of Customs, Nhava Sheva. The notice followed an inquiry by the Directorate of Revenue Intelligence (DRI), Ahmedabad (25th-26th March 2022) and raised a demand for differential customs duty of ₹12,35,86,901/- (₹12.36 crore) plus interest and penalties. An adjudicating order was passed on 2nd February 2026 (communicated 16th February 2026). The Company filed an appeal against this order on 28th April 2026. Based on legal advice, the Company is confident of a favorable outcome and expects no material financial outflow. No provision has been made in the financial statements.

2. Note 9: Relates to the Company's business and ancillary ecosystem being impacted by headwinds from supply constraints, largely attributable to global disruptions, which have dampened market demand. Management is undertaking efforts to address the situation, including diversifying its supplier base for critical components, renegotiating terms, and arranging additional working capital facilities. The Company remains hopeful of an improvement in subsequent quarters.