Board approves Q2/H1 results; Deepak Uphale appointed Additional Director, Busurothu re-appointed
Appointment of Mr. Deepak Uphale as Additional Director (Non-Executive Independent) for five consecutive years, effective from allotment of DIN, subject to shareholder approval.
By ScoutQuest · · 2 min read
- H1 FY27 Total Income (₹ in Lacs)
- 1.65
- H1 FY27 Net Loss After Tax (₹ in Lacs)
- (5.99)
- Plant Operating Status
- plant is currently not in operation
The update is the outcome of a board meeting held on October 21, 2026. It covers two things: the company's unaudited financial results for the quarter and half year ended September 30, 2026, and changes in the board of directors.
Board changes
- Mr. Deepak Uphale was appointed as an Additional Director in the capacity of Non-Executive Independent Director, for a term of five consecutive years with effect from the date of allotment of DIN, subject to the approval of the shareholders.
- Mr. Vibheeshana Rao Busurothu (DIN: 09435439) was re-appointed as a Non-Executive Independent Director for a second term of five consecutive years, from December 14, 2026 to December 13, 2031, subject to the approval of the shareholders.
- Both are stated to be not related to any Director or Key Managerial Personnel, and not debarred from holding the office of director by virtue of any SEBI order or any other such authority.
Financial results (₹ in Lacs)
- Revenue from operations is shown as nil for the quarter and half year. Total income for the half year is 1.65, all of it from other income.
- Total expenses for the half year were 7.64, and net loss after tax was (5.99) for the half year and (2.90) for the quarter.
- In the same half year a year earlier, net loss after tax was (4.29); for that quarter it was (2.94).
- Earnings per share of ₹ 10 each (not annualised) was (0.27) for the half year and (0.13) for the quarter.
- Paid-up equity share capital was 220.84 and reserves excluding revaluation reserve (1,526.16) as at September 30, 2026.
- Non-current borrowings were 1,123.28 and current borrowings 200.00.
- Net cash used in operating activities for the half year was (18.19), against (14.50) in the same period a year earlier.
Operating status
- A note to the results states that the company's plant is currently not in operation.
- The statutory auditors, Bhogilal C. Shah & Co., conducted a limited review of the results and stated that nothing had come to their attention that caused them to believe the statement was not prepared in accordance with the applicable accounting standards.
What this means for a reader
- The management change keeps the board's independent director positions filled, with one new face and one member continuing for a fresh term. Both appointments need shareholder approval to take effect for the full term.
- The results show a company with no operating revenue in the period and an ongoing net loss, while its plant is stated to be not in operation. The loss for the half year is larger than the loss reported in the same half year a year earlier.
Also from Andhra Pradesh Tanneries
Board approves unaudited Q2 results, two independent director appointments; plant not in operation
21 Oct 2026
Board meeting on 21 October 2026 to approve unaudited results for quarter and half year ended 30.09.2026
11 Oct 2026
More numbers
- Net loss after tax, quarter ended Sep 30, 2026 (₹ in Lacs)(2.90)
- Net loss after tax, half year ended Sep 30, 2026 (₹ in Lacs)(5.99)
- Total income, half year ended Sep 30, 2026 (₹ in Lacs)1.65
- Net loss after tax, half year ended Sep 30, 2025 (₹ in Lacs)(4.29)
- Paid-up equity share capital (₹ in Lacs)220.84
- Reserves excluding Revaluation Reserve (₹ in Lacs)(1,526.16)
- Non-current borrowings (₹ in Lacs)1,123.28
- Term of independent director appointment / re-appointmentfive consecutive years
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