Board approves unaudited Q2 and H1 FY27 results; appoints secretarial and internal auditors
Board meeting held on 5th November 2026.
By ScoutQuest · · 2 min read
- Loss before tax (Q2 FY27)
- Rs. 216.25 lakh in the quarter
- Loss before tax (H1 FY27)
- Rs. 57.92 lakh in the half year
- Going concern note
- net worth has eroded; accounts prepared on going concern basis on comfort from Promoters and Associates
What the board approved
The board met on 5th November 2026 and approved and took on record
- The unaudited financial results for the quarter and half year ended 30th September 2026.
- The Limited Review Report of the Statutory Auditors for the same period.
- The appointment of Purwar & Purwar Associates LLP, Practising Company Secretaries, as Secretarial Auditor for the Financial Year 2026-27.
- The appointment of Mrs. Swara Vayangankar as Internal Auditor for the Financial Year 2026-27.
Results, in figures (Rs. in lakh)
- Loss before tax for the quarter ended 30th September 2026: (216.25).
- Loss before tax for the same quarter a year earlier: (1,532.66).
- Half year ended 30th September 2026: total income of 311.70 and a loss before tax of (57.92).
- Half year ended 30th September 2025: a profit before tax of 91.61.
- Basic earnings per share for the quarter (not annualised): (0.90).
Read together, the company moved from a profit in the first half of last year to a loss in the first half of this year, while the quarterly loss was smaller than the loss in the same quarter a year earlier.
The going concern comment
A management comment in the results states that the net worth of the company has eroded, and that the financial statements have been prepared on the basis of going concern in view of comfort received from the Promoters and their Associates that they will continue to support the company financially and keep exploring investment opportunities. This is a stated material uncertainty over going concern, and it sits alongside the reported loss.
Balance sheet position as at 30th September 2026 (Rs. in lakh)
- Other equity: (2,442.40), that is, negative.
- Borrowings: 10,747.29.
The negative other equity is the accounting reflection of the eroded net worth referred to in the board's note.
What the company does
The company reports a single reportable business segment, described as investment and dealing in shares and securities, with operations located in India. Its revenue line is made up of profit or loss on sale of investments, including fair value changes, and dividend income. That structure means the results follow the gains or losses booked on the investment portfolio, so a single quarter can swing sharply in either direction.
Points to weigh
- The quarter and the half year were loss-making, with the half year swinging from a profit in the comparable period last year.
- Net worth is negative on the balance sheet, and the board's own comment relies on promoter and associate support for the going concern basis.
- The auditor appointments are routine annual items for FY 2026-27.
- The quarterly loss is smaller than the loss reported in the same quarter a year earlier.
Also from Kiduja India
Internal Auditor and Secretarial Auditor appointed for FY 2026-27; Q2 and H1 results approved
5 Nov 2026
Board approves Q2 loss of Rs. 216.25 lakh, going-concern note; appoints auditors for FY 2026-27
5 Nov 2026
Standalone results for the quarter Ended 30-09-2026 Unaudited
5 Nov 2026
More numbers
- Loss before tax, quarter ended 30-09-2026 (Rs. in lakh)(216.25)
- Loss before tax, quarter ended 30-09-2025 (Rs. in lakh)(1,532.66)
- Total income, half year ended 30-09-2026 (Rs. in lakh)311.70
- Loss before tax, half year ended 30-09-2026 (Rs. in lakh)(57.92)
- Profit before tax, half year ended 30-09-2025 (Rs. in lakh)91.61
- Basic (not annualised) EPS, quarter ended 30-09-2026(0.90)
- Other equity as at 30-09-2026 (Rs. in lakh)(2,442.40)
- Borrowings as at 30-09-2026 (Rs. in lakh)10,747.29
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