APAndhra Pradesh Tanneries509367Quarterly results

Board approves unaudited Q2 results, two independent director appointments; plant not in operation

Board approved unaudited results for the quarter and half year ended September 30, 2026.

By ScoutQuest · Wed 21 Oct 2026, 7:30 PM IST · 2 min read

Total Income QoQ Change

Prev qtr 0.90 (−16.7%)

Period

Sep 30, 2026

What the board decided

• Approved the unaudited financial results for the quarter and half year ended September 30, 2026, reviewed by the Audit Committee and the statutory auditors, Bhogilal C. Shah & Co.
• Approved the appointment of Mr. Deepak Uphale 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 shareholders.
• Approved the re-appointment of Mr. Vibheeshana Rao Busurothu 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 shareholders.

Both directors 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.

Auditor's conclusion

The limited review report states that nothing has come to the auditors' attention that causes them to believe the statement is not prepared in accordance with applicable accounting standards, or that it contains any material misstatement. A limited review provides moderate assurance; it is not a full audit.

The numbers (₹ in Lacs)

• Revenue from operations for the quarter ended September 30, 2026: nil.
• Total income 0.75 and Total expenses 3.65 for the quarter.
• Profit/(Loss) after tax (2.90) for the quarter and (5.99) for the half year, i.e. losses at both levels.
• For the year ended March 31, 2026: Total income 5.52 and Profit/(Loss) after tax (14.50).
• Paid-up equity share capital: 220.84.

The operating status

One of the notes to the results states that the company's plant is currently not in operation. With Revenue from operations nil in the quarter, the Total income of 0.75 comes from other income.

What changes on the board

• Mr. Uphale comes in as a new Additional Director in a Non-Executive Independent capacity, for five consecutive years from the date of DIN allotment; his brief profile is given as B.Com, with experience as a property advisor.
• Mr. Busurothu continues for a second term of five consecutive years, running December 14, 2026 to December 13, 2031.
• Both appointments are subject to the approval of shareholders.

How to read it

The board cleared three things in one meeting: the quarter and half-year numbers, a new independent director, and a second term for an existing independent director. The results show no operating revenue in the quarter and a loss at both quarter and half-year level, with a note stating that the plant is not in operation. The auditor's limited review did not flag any material misstatement.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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