Board approves Un-Audited results for Q2 & H1 ended 30 Sept 2026; no deviation in preference issue proceeds

Board of Directors met on 07 October 2026 and approved the Un-Audited Financial Results for the quarter and half year ended 30 September 2026, with the statutory auditor's Limited Review Report.

Wed 7 Oct 2026

Revenue from operations (Q2 FY26, ₹ lakhs)

78,488.42

Loss after tax (Q2 FY26, ₹ lakhs)

(10,672.25)

EPS (basic and diluted)

(0.17)

What the board meeting decided

• The Board of Directors met on Wednesday, 07 October 2026 and considered and approved the Un-Audited Financial Results for the quarter and half year ended 30 September 2026.
• The results were reviewed by the Audit Committee and approved by the Board, and the statutory auditor's Limited Review Report on them is enclosed with the update.

Preference share issue

• The company has issued 5,00,00,00,000 Non-Convertible Preference shares amounting to Rs 5,00,00,00,000/- (Rupees Five Hundred Crore only).
• The Board, upon review and recommendation of the Audit Committee, noted and confirmed that there is no deviation or variation in the utilisation of the proceeds of this issue from the objects stated in the Explanatory Statement to the notice of the General Meeting / Offer Document.

The quarter in figures (figures as printed, ₹ in lakhs)

• Revenue from operations: 78,488.42
• Total expenses: 89,160.67
• Loss for the period after tax: (10,672.25)
• Earnings per share (basic and diluted): (0.17)
• Paid up equity share capital: 62,748.00

Cash flow

• Net cash used in operating activities for the half year ended 30.09.2026: (101,392.58) (₹ in lakhs).

In the auditor's Limited Review Report

• The report is from VRSK & Associates, Chartered Accountants, and is a review, not an audit; it gives moderate assurance and does not express an audit opinion.
• It states that, subject to the matter given in Emphasis of Matter, the accompanying statement of unaudited standalone financial results has not been prepared in accordance with applicable accounting standards, i.e. IND AS.
• It also states that nothing came to the auditor's attention which causes it to believe the statement contains any material misstatement, except that interest on loan given and taken is not provided.

Reading it plainly

• The confirmation that there is no deviation or variation in the use of the preference share proceeds is the compliance part of this update.
• The quarter ended 30 September 2026 shows an after-tax loss of (10,672.25) in ₹ lakhs, and the auditor's report carries an emphasis-of-matter remark; these sit alongside the figures listed above.

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