Board approves unaudited Q2 and H1 FY27 results; auditor draws attention to four matters
Board approved unaudited results for the quarter and half year ended September 30, 2026 with the auditors' Limited Review Report; no interim dividend recommended.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | Prev qtr |
|---|---|---|---|
| Revenue from operations | 101.19 | — | — |
| Total income | 101.73 | — | — |
| Profit before tax | 54.63 | (25.82) | (49.83) |
| Profit after tax | 52.83 | (25.82) | (51.62) |
| Total comprehensive income | 52.83 | (25.82) | (51.62) |
| Basic EPS | 1.53 | (0.75) | (1.49) |
- Period
- 30-Sep-26
Auditor's review
Conclusion: Qualified
- Conclusion is stated 'subject to the possible effects of the matters described in paragraph 4'.
- Unclaimed dividend of Rs 1.42 Lakh required to be transferred to IEPF (Note 5).
- Non-satisfaction of charges registered with ROC in favour of ICICI Bank, though squared off and no dues certificate obtained (Note 6).
- Alteration of authorised share capital and change of name/shifting of registered office approved by shareholders but not given effect due to non-update with ROC (Notes 7, 8).
Notes to the results
- Company entered SPA to acquire 100% of Oniv Beverages Private Limited for consideration not exceeding INR 5.00 Crores via share swap; Rs. 1189.94 lacs paid towards its working capital.
- Business purchase agreement with Integra Essentia Limited; advance of INR 332.50 lacs paid against total capital commitment of Rs 3325 Lakhs.
- Members approved change of name to 'Ebravea Beverages Limited' and shifting of registered office from West Bengal to Delhi; statutory updates/approvals pending.
- Authorised share capital increase from ₹700 Lakhs to ₹3500 Lakhs approved; Form SH-7 update with ROC in process.
What the board approved
The board met on October 15, 2026 and approved the company's unaudited financial results for the quarter and half year ended September 30, 2026, together with the Limited Review Report of the statutory auditors. No interim dividend has been recommended for the quarter and half year ended September 30, 2026.
The headline numbers
Figures below are as printed in the statement of unaudited financial results, where amounts are stated in Rs. in Lakhs.
- Revenue from Operations, quarter ended 30-Sep-26: 101.19
- Profit/(loss) for the period, quarter ended 30-Sep-26: 52.83
- Profit/(loss) for the period, half year ended 30-Sep-26: 1.21
- Profit/(loss) for the period, half year ended 30-Sep-25: (35.07)
What the auditor's review says
The auditors performed a review, not an audit, so the assurance is moderate and no audit opinion is expressed. Their conclusion is that nothing has come to their attention that causes them to believe the statement contains any material misstatement. Alongside that, they draw attention to four matters:
- Unclaimed dividend of Rs 1.42 Lakh is required to be transferred to the Investor Education and Protection Fund, and the same is under process.
- Charges registered with the Registrar of Companies in favour of ICICI Bank have since been squared off, and a no dues certificate has been obtained from the lender, but the satisfaction of the charge is yet to be updated.
- The alteration of the authorised share capital, approved by the shareholders, has not been given effect for want of update the necessary documents with the Registrar of Companies; the company says the delay is procedural and has made an adequate provision.
- The change of the company's name and the shifting of its registered office from West Bengal to Delhi, approved by the shareholders, are not complete, as the required statutory updates and approvals are still in process.
Other points in the notes
- The company has entered into a Share Purchase Agreement to acquire 100% equity shares of Oniv Beverages Private Limited for a total consideration not exceeding INR 5.00 Crores, payable by issue or allotment of the company's equity shares within fiscal 2026-27. As part of the SPA, Rs. 1189.94 lacs has been paid towards working capital.
- During the financial year 2025-26 the company entered into a business purchase agreement with Integra Essentia Limited and paid an advance of INR 332.50 lacs against the total capital commitment in that agreement.
- No investor complaints were received during the half year and quarter ended September 30, 2026.
How to read this
- This is a results update along with corporate notes, not an event such as an order win or a fund raise.
- The quarter and half year figures come from an unaudited statement that has been reviewed by the statutory auditors; the comparable half year a year earlier was a loss.
- The four auditor attention points relate to pending updates and updates with regulators, including two corporate actions that shareholders have already approved but which are not yet given effect.
- The two agreements mentioned relate to expansion: one is proposed to be paid for in shares, the other already involves an advance paid.
Also from Carnation Industries
Board meeting on 15 October 2026 to consider and approve unaudited results for the quarter ended September 30, 2026
10 Oct 2026
More numbers
- Revenue from Operations, quarter ended 30-Sep-26101.19 (Rs. in Lakhs)
- Profit/(loss) for the period, quarter ended 30-Sep-2652.83 (Rs. in Lakhs)
- Profit/(loss) for the period, half year ended 30-Sep-261.21 (Rs. in Lakhs)
- Profit/(loss) for the period, half year ended 30-Sep-25(35.07) (Rs. in Lakhs)
- Unclaimed dividend required to be transferred to IEPFRs 1.42 Lakh
- Consideration for 100% equity shares of Oniv Beverages Private LimitedINR 5.00 Crores
- Paid towards working capital as part of the SPARs. 1189.94 lacs
- Advance paid under business purchase agreement with Integra Essentia LtdINR 332.50 lacs
- Total income, latest quarter101.73 (Rs. in Lakhs)
- Total income, year-ago quarter- (Rs. in Lakhs)
- Total income, previous quarter- (Rs. in Lakhs)
- Total comprehensive income, latest quarter52.83 (Rs. in Lakhs)
- Total comprehensive income, year-ago quarter(25.82) (Rs. in Lakhs)
- Total comprehensive income, previous quarter(51.62) (Rs. in Lakhs)
- Profit after tax, latest quarter52.83 (Rs. in Lakhs)
- Profit after tax, year-ago quarter(25.82) (Rs. in Lakhs)
- Profit after tax, previous quarter(51.62) (Rs. in Lakhs)
- Revenue from operations, latest quarter101.19 (Rs. in Lakhs)
- Profit before tax, latest quarter54.63 (Rs. in Lakhs)
- Profit before tax, year-ago quarter(25.82) (Rs. in Lakhs)
- Profit before tax, previous quarter(49.83) (Rs. in Lakhs)
- Revenue from operations, year-ago quarter-
- Revenue from operations, previous quarter-
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