Key Quantitative Figures

Standalone Financial Results (Q2 FY27):

  • Revenue from Operations: ₹686.92 lakh
  • Other Income: ₹47.40 lakh
  • Total Income: ₹734.32 lakh
  • Total Expenses: ₹668.12 lakh
  • Profit Before Tax: ₹66.20 lakh
  • Net Profit for Period: ₹66.20 lakh
  • Basic EPS: ₹0.60
  • Diluted EPS: ₹0.60

Standalone Financial Results (H1 FY27):

  • Revenue from Operations: ₹1,309.95 lakh
  • Other Income: ₹75.29 lakh
  • Total Income: ₹1,385.24 lakh
  • Total Expenses: ₹1,278.00 lakh
  • Profit Before Tax: ₹107.24 lakh
  • Net Profit for Period: ₹107.24 lakh
  • Basic EPS: ₹0.98
  • Diluted EPS: ₹0.98

Consolidated Financial Results (Q2 FY27):

  • Revenue from Operations: ₹1,032.86 lakh
  • Other Income: ₹42.10 lakh
  • Total Income: ₹1,074.95 lakh
  • Total Expenses: ₹946.16 lakh
  • Profit Before Tax: ₹128.79 lakh
  • Total Tax Expenses: ₹24.33 lakh
  • Net Profit for Period: ₹104.47 lakh
  • Net Profit Attributable to Owners: ₹94.02 lakh
  • Net Profit Attributable to Non-Controlling Interest: ₹10.45 lakh
  • Basic EPS: ₹0.86
  • Diluted EPS: ₹0.86

Consolidated Financial Results (H1 FY27):

  • Revenue from Operations: ₹2,327.79 lakh
  • Other Income: ₹80.19 lakh
  • Total Income: ₹2,407.98 lakh
  • Total Expenses: ₹2,186.75 lakh
  • Profit Before Tax: ₹221.23 lakh
  • Total Tax Expenses: ₹24.33 lakh
  • Net Profit for Period: ₹196.91 lakh
  • Net Profit Attributable to Owners: ₹177.22 lakh
  • Net Profit Attributable to Non-Controlling Interest: ₹19.69 lakh
  • Basic EPS: ₹1.61
  • Diluted EPS: ₹1.61

ESOP Grant Details

  • Number of options granted: 142,066 stock options
  • Total shares covered: 142,066 equity shares
  • Exercise price: ₹10 (Face Value)
  • Vesting schedule: Graded manner over 3 years
  • Exercise period: Any time after vesting but before completion of 5 years from grant date
  • Scheme compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

Dates of Action

  • Board Meeting Date: 03rd November 2026
  • Meeting Time: 03:00 PM to 05:50 PM
  • Financial Period: Quarter and Half Year Ended 30th September 2026
  • Auditor Report Date: 03.11.2026

Parties Involved

  • Subsidiary: VEM Plastic Moulding Private Limited (contributed revenue of ₹359.76 lakh for Q2 and ₹1,041.87 lakh for H1)
  • Statutory Auditor: Girish L. Shethia, Chartered Accountant (Membership No. 044607)
  • Managing Director: Mahesh Ratilal Shah (DIN: 00217516)

Financial Impact

Financial results show improved performance compared to previous periods with increased revenue and profitability both on standalone and consolidated basis.

Capital Structure Impact

ESOP grant of 142,066 options represents potential dilution of approximately 1.29% of current paid-up equity share capital of 1,097.57 lakh shares (face value ₹10 each).

Auditor Findings

Limited review report by statutory auditor Girish L. Shethia states: \"Nothing has come to my attention that causes me to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards (IND AS) has not disclosed the information required to be disclosed... or that it contains any material misstatement.\"