Key Business Transactions

1. Financial Results Approval: The Board considered and approved the Unaudited Standalone Financial Results for the Half Year ended September 30, 2026, along with the Statement of Assets and Liabilities and Cash Flow Statement for the same period. The financial results were reviewed by the auditors, NBT and Co Chartered Accountants, who issued a limited review report.

2. Management Appointment: The Board approved the appointment of Mrs. Krupa Mayankkumar Gandhi (ICSI Membership No. A82371) as the Company Secretary and Compliance Officer of the Company with effect from November 13, 2026.

Financial Performance Highlights (Half Year Ended September 30, 2026)

  • Revenue from Operations: Rs 137.04 crore
  • Other Income: Rs 3.62 crore
  • Total Income: Rs 140.66 crore
  • Profit Before Tax: Rs 8.18 crore
  • Net Profit After Tax: Rs 6.30 crore
  • Basic and Diluted EPS: Rs 2.73

Comparative Financial Performance

| Period | Revenue (Rs crore) | Net Profit (Rs crore) | EPS (Rs) |

| H1 FY27 (Sep 30, 2026) | 137.04 | 6.30 | 2.73 |

| H1 FY26 (Sep 30, 2025) | 191.15 | 7.25 | 4.83 |

| Full Year FY26 (Mar 31, 2026) | 269.39 | 12.53 | 7.94 |

Financial Position (As at September 30, 2026)

  • Share Capital: Rs 23.08 crore (unchanged from March 31, 2026)
  • Reserves and Surplus: Rs 96.37 crore (increased from Rs 90.08 crore)
  • Total Borrowings: Rs 69.81 crore (Long-term: Rs 31.19 crore; Short-term: Rs 38.62 crore)
  • Total Assets: Rs 221.12 crore

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

  • Net Cash from Operating Activities: Rs 33.32 crore
  • Net Cash used in Investing Activities: Rs (4.74) crore
  • Net Cash used in Financing Activities: Rs (29.61) crore
  • Net decrease in Cash: Rs (1.03) crore
  • Cash and Bank Balances at end: Rs 5.00 crore

Key Notes to Financial Results

  • The company completed an Initial Public Offering (IPO) of 80,79,600 equity shares of face value Rs 10 each with a premium of Rs 100 per share, aggregating to Rs 88.87 crore. Shares were allotted on February 23, 2026.
  • Basic and diluted EPS for the half year ended September 30, 2026, is calculated based on 2,30,79,600 equity shares.
  • The company operates in a single business segment and one geographical segment.
  • There were no investor complaints pending as of September 30, 2026.
  • IND AS compliance is not applicable as the company is listed on the BSE SME platform.

Management Appointment Details

  • Name: Mrs. Krupa Mayankkumar Gandhi
  • Position: Company Secretary and Compliance Officer
  • Effective Date: November 13, 2026
  • Qualifications: Associate Member of the Institute of Company Secretaries of India (ICSI)
  • Experience: Expertise in corporate and secretarial compliance, regulatory matters for listed and unlisted companies, corporate governance, and statutory compliances.

Meeting Details

The Board meeting commenced at 12:15 PM and concluded at 3:00 PM on November 13, 2026.