Board Meeting Details

The Board of Directors meeting was held on Wednesday, 4th November 2026 at the Registered Office of the Company. The meeting commenced at 04:00 p.m. and concluded at 04:30 p.m. The agenda included approval of Un-audited Financial Results along with Limited Review Report issued by the Statutory Auditors.

Financial Results (Quarter Ended September 30, 2026)

  • Total Income: ₹1.63 lakhs (comprising Other Income only; Revenue from Operations: nil)
  • Total Expenses: ₹70.91 lakhs
  • Loss before exceptional items and tax: ₹(69.28) lakhs
  • Exceptional Items: Nil
  • Tax Expense: ₹3.55 lakhs (Deferred tax)
  • Net Loss for the quarter: ₹(72.83) lakhs
  • Basic and Diluted EPS: ₹(0.45)
  • Other Comprehensive Income: ₹(182.22) lakhs (Net of tax)
  • Total Comprehensive Loss: ₹(255.05) lakhs

Financial Results (Half Year Ended September 30, 2026)

  • Total Income: ₹7.62 lakhs (comprising Other Income only; Revenue from Operations: nil)
  • Total Expenses: ₹237.16 lakhs
  • Loss before exceptional items and tax: ₹(229.54) lakhs
  • Exceptional Items: Nil
  • Tax Expense: ₹5.01 lakhs (Deferred tax)
  • Net Loss for the half year: ₹(234.55) lakhs
  • Basic and Diluted EPS: ₹(1.46)
  • Other Comprehensive Income: ₹(182.22) lakhs (Net of tax)
  • Total Comprehensive Loss: ₹(416.77) lakhs

Balance Sheet Highlights (as at September 30, 2026)

  • Total Assets: ₹6,697.86 lakhs (Previous: ₹6,262.09 lakhs as at March 31, 2026)
  • Non-current Assets: ₹1,492.85 lakhs
  • Current Assets: ₹5,153.74 lakhs (including Inventories: ₹4,763.04 lakhs)
  • Equity: ₹956.27 lakhs (Equity Share Capital: ₹1,603.00 lakhs; Other Equity: ₹(646.73) lakhs)
  • Non-current Liabilities: ₹2,333.12 lakhs (including Borrowings: ₹2,215.76 lakhs)
  • Current Liabilities: ₹3,408.48 lakhs (including Borrowings: ₹2,096.32 lakhs)

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net cash used in operating activities: ₹(597.77) lakhs
  • Net cash used in investing activities: ₹(5.73) lakhs
  • Net cash from financing activities: ₹602.67 lakhs (mainly from short-term and long-term borrowings)
  • Net change in cash and cash equivalents: ₹(0.83) lakhs
  • Cash and cash equivalents at end of period: ₹2.89 lakhs

Significant Developments

During the quarter ended September 30, 2026, the Company officially commenced the "Yash Atelier" real estate project after receiving RERA registration on September 9, 2026. This approval authorizes the start of sales, marketing, and development activities, with all related project costs and revenues recognized in accordance with Ind AS.

Auditor's Review

The financial results were subjected to a limited review by the statutory auditors, Shah & Shah Chartered Accountants (Firm Registration Number 131527W). Based on their review, nothing has come to their attention that causes them to believe that the statement contains any material misstatement.

Additional Information

  • The company operates in a single segment: Construction and Infrastructure
  • Paid-up equity share capital remains unchanged at ₹1,603.00 lakhs (face value ₹10 per share)
  • The results are available on the BSE Limited website (www.bseindia.com/corporates)