Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended 30.09.2026

Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results and Director Appointments

Audit Opinion:

Unmodified opinion expressed by Statutory Auditors M/s Sankar & Moorthy, Chartered Accountants (Firm Registration No: 003575S) on the Limited Review Report.

Auditor’s Comment:

No qualifications or modifications affecting earnings quality, internal controls, or going concern were reported.

Key Financial Highlights [₹ in lakhs]:

Standalone Results:

Quarter Ended 30.09.2026:

  • Revenue from Operations: 3,084 (vs 2,941 in Q2 FY26; +4.9% YoY)
  • Total Income: 3,110
  • Net Profit: 90 (vs 55 in Q2 FY26; +63.6% YoY)
  • EPS: ₹1.06 (Basic and Diluted)

Half Year Ended 30.09.2026:

  • Revenue from Operations: 5,735 (vs 5,823 in H1 FY26; -1.5% YoY)
  • Total Income: 5,813
  • Net Profit: 116 (vs 106 in H1 FY26; +9.4% YoY)
  • EPS: ₹1.37 (Basic and Diluted)

Standalone Balance Sheet (30.09.2026):

  • Equity Share Capital: 849
  • Other Equity: 4,653
  • Total Equity: 5,502
  • Cash and Cash Equivalents: 254
  • Total Borrowings (Non-current + Current): 603 (108 + 495)

Consolidated Results:

Quarter Ended 30.09.2026:

  • Revenue from Operations: 3,089 (vs 2,992 in Q2 FY26; +3.2% YoY)
  • Total Income: 3,115
  • Net Profit: 69 (vs 19 in Q2 FY26; +263.2% YoY)
  • EPS: ₹0.82 (Basic and Diluted)

Half Year Ended 30.09.2026:

  • Revenue from Operations: 5,738 (vs 5,893 in H1 FY26; -2.6% YoY)
  • Total Income: 5,816
  • Net Profit: 39 (vs 53 in H1 FY26; -26.4% YoY)
  • EPS: ₹0.53 (Basic and Diluted)

Consolidated Balance Sheet (30.09.2026):

  • Equity Share Capital: 849
  • Other Equity: 3,576
  • Non Controlling Interest: (37)
  • Total Equity: 4,388
  • Cash and Cash Equivalents: 257
  • Total Borrowings (Non-current + Current): 858 (263 + 595)

Segment-wise Performance:

The Company and its subsidiaries are principally engaged in the business of manufacture and sale of wood-based products, which constitutes one operating segment. Disclosure requirements under Ind AS 108 are not applicable as the CODM reviews performance at an overall company level.

Corporate Actions:

Consequent to the demise of Mr P H Kurian, Independent Director, the Board appointed:

  • Shri Suresh Kozhikot as Additional Independent Director
  • Mr Salman Mayan as Additional Executive Director

Appointments are subject to shareholder approval within 3 months.

No dividends, buybacks, or other capital structure changes were declared.

Other Significant Information:

Subsidiary Update: The factory and operations of the subsidiary, Mayabandar Doors Limited, at Mysore continue to remain suspended/closed consequent to operational constraints, including financial unviability. Management has reviewed the carrying amount of its investment and concluded that no impairment provision is necessary.

Consolidation: The consolidated results include The Western India Plywoods Limited (Parent) and subsidiaries: Kohinoor Saw Mills Co.Ltd, Mayabandar Doors Limited, ERA & WIP Timber JV SDN. BHD (Malaysia), and Southern veneers and Wood Works Limited.