Board approves Q2/H1 results; YAN & CO. named Secretarial Auditor
Board meeting on 4 Nov 2026 approved the standalone unaudited results for the quarter and half year ended 30 Sept 2026, with the Statement of Assets and Liabilities and Cash Flow Statement.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.00 | 0.00 | — | 0.00 | — |
| Total income | 38.04 | 5,459.16 | −99.3% | 15.98 | +138% |
| Profit before tax | 7.21 | 5,439.01 | −99.9% | (3.67) | — |
| Profit after tax | 7.21 | 5,439.01 | −99.9% | (3.67) | — |
| Total comprehensive income | 7.21 | 5,439.01 | −99.9% | -3.67 | — |
| Basic EPS | 0.11 | 85.12 | −99.9% | (0.06) | — |
- Total income YoY change
- Year ago 5,459.16 (−99.3%)
- Profit after tax (latest)
- 7.21 Lakhs; Year ago 5,439.01 (−99.9%); Prev qtr (3.67)
- Period
- Quarter ended 30.09.2026 Unaudited
Also decided at the meeting
- Appointed M/s. YAN & CO., Practising Company Secretary, as Secretarial Auditor w.e.f. 4th November, 2026 till the ensuing AGM, filling casual vacancy from resignation of M/s. V. N. Vasani & Associates.
Auditor's review
Conclusion: Unmodified
Notes to the results
- There are no reportable segments.
What the board decided
- Approved the Standalone Unaudited Financial Results for the quarter and half year ended 30 September 2026, along with the Statement of Assets and Liabilities and the Cash Flow Statement.
- Took on record the Limited Review Report of the statutory auditors, S P V P & Co LLP, on these results.
- Appointed M/s. YAN & CO., Practising Company Secretary, as Secretarial Auditor with effect from 4 November 2026, to fill the casual vacancy caused by the resignation of M/s. V. N. Vasani & Associates, until the conclusion of the ensuing Annual General Meeting.
- The meeting ran from 4:00 P.M. to 4:35 P.M.
The auditor's conclusion
The limited review report records a clean conclusion: nothing came to the auditors' attention that causes them to believe the statement has not disclosed the information required to be disclosed or contains any material misstatement. A review is not an audit - the auditors state it provides less assurance than an audit and that they do not express an audit opinion. The results are standalone and unaudited.
Results at a glance (standalone, unaudited, Rs. in lakh)
- Total income: 38.04 for the quarter and 54.02 for the half year, against 5,459.16 and 5,459.41 in the quarter and half year ended 30 September 2025.
- Within that, "Other Income" is 38.04 for the quarter; the line "Revenue from operations" is printed at 0.00.
- Total expenses: 30.83 for the quarter and 50.48 for the half year, against 20.15 and 38.00 a year earlier.
- Profit after tax: 7.21 for the quarter and 3.54 for the half year, against 5,439.01 and 5,421.41 a year earlier.
- Earnings per share (basic, not annualised): 0.11 for the quarter and 0.06 for the half year.
- The preceding quarter (ended 30 June 2026) showed a loss after tax of 3.67.
Balance sheet and cash flow
- Total assets: 5,128.64 as at 30 September 2026, against 5,389.05 as at 31 March 2026.
- Investments: 3,317.39, against 3,757.34.
- Net cash used in operating activities: 603.47 for the half year.
- Closing cash and cash equivalents: 17.38, against 18.03.
- Paid-up equity share capital: 63.90, face value Rs. 10 per share.
Why the year-on-year numbers look so different
The half-year profit after tax of 3.54 sits against 5,421.41 in the same half of the previous year. The cash flow statement for the year ended 31 March 2026 shows sale proceeds from property, plant and equipment of 5,597.74 and a net gain on sale/discard of assets of 5,431.41, so the earlier period's profit may reflect a large one-off rather than day-to-day operations.
Points a reader can take away
- The latest quarter's income is shown as "Other Income" of 38.04, with "Revenue from operations" printed at nil.
- The review conclusion is clean, which speaks to the disclosure quality of these unaudited numbers, not to future earnings.
- The Secretarial Auditor appointment follows a resignation and runs until the conclusion of the ensuing Annual General Meeting.
- These are half-year figures, a six-month snapshot rather than a full year.
Also from Ajwa Fun World & Resort
Secretarial Auditor appointed to fill casual vacancy from 4th November 2026
4 Nov 2026
Board meeting on 4 November 2026 to consider September-quarter results and new secretarial auditor
29 Oct 2026
Secretarial Auditor resigns with immediate effect; cites pre-occupation with other assignments
17 Oct 2026
More numbers
- Total expenses, quarter ended 30.09.2026 (Rs. in lacs)30.83
- Profit after tax, half year ended 30.09.2026 (Rs. in lacs)3.54
- Paid-up equity share capital (Rs. in lacs)63.90
- Total assets as at 30.09.2026 (Rs. in lacs)5,128.64
- Net cash used in operating activities, half year (Rs. in lacs)(603.47)
- Total income, latest quarter38.04 (In Lacs)
- Total income, year-ago quarter5,459.16 (In Lacs)
- Total income, previous quarter15.98 (In Lacs)
- Total comprehensive income, latest quarter7.21 (In Lacs)
- Total comprehensive income, year-ago quarter5,439.01 (In Lacs)
- Total comprehensive income, previous quarter-3.67 (In Lacs)
- Profit after tax, latest quarter7.21 (In Lacs)
- Profit after tax, year-ago quarter5,439.01 (In Lacs)
- Profit after tax, previous quarter(3.67) (In Lacs)
- Revenue from operations, latest quarter0.00 (In Lacs)
- Revenue from operations, year-ago quarter0.00 (In Lacs)
- Revenue from operations, previous quarter0.00 (In Lacs)
- Profit before tax, latest quarter7.21 (In Lacs)
- Profit before tax, year-ago quarter5,439.01 (In Lacs)
- Profit before tax, previous quarter(3.67) (In Lacs)
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