Board approves non-binding term sheet for proposed joint venture with Certoplast Holding GmbH
The board approved a non-binding term sheet with Certoplast Holding GmbH to set up a proposed joint venture in India for manufacturing of tapes.
By ScoutQuest · · 2 min read
- JV Counterparty
- Certoplast Holding GmbH
- JV Purpose
- set up a proposed joint venture in India for manufacturing of tapes
- Agreement Status
- non-binding term sheet; subject to signing of definitive agreements, receipt of applicable statutory approvals and completion of customary…
Two decisions came out of the same board meeting: the quarterly numbers, and a step towards a new joint venture.
The proposed joint venture
- The board approved the execution of a non-binding term sheet with Certoplast Holding GmbH.
- The term sheet is for setting up a joint venture in India for manufacturing of tapes.
- It is subject to signing of definitive agreements, receipt of applicable statutory approvals and completion of customary conditions precedent.
- Because the term sheet is described as non-binding, the venture takes shape only as those steps are completed.
The results
All amounts below are in Rs. million.
- Standalone revenue from operations for the quarter ended 30 September 2026 was Rs. 2,399.18, against Rs. 1,221.99 in the same quarter a year earlier.
- Standalone revenue from operations for the half year was Rs. 4,830.18.
- Standalone profit for the quarter was Rs. 331.58, with basic earnings per share of Rs. 3.16.
- On a consolidated basis, revenue from operations for the quarter was Rs. 2,509.43 and profit for the quarter was Rs. 405.97, with basic earnings per share of Rs. 3.87.
How the numbers were approved
- The results were approved on the recommendation of the Audit Committee, along with the Limited Review Report, which carries an unmodified opinion.
- The consolidated statement includes wholly owned subsidiaries Kusumgar Middle East FZ-LLC, Engineered Coated Fabric Private Limited, Kusumgar Advanced Materials Private Limited and Kusumgar Aerospace Private Limited.
What to keep in mind
- The figures are unaudited and cover the quarter and half year ended 30 September 2026.
- The joint venture item is at the term sheet stage; the update's own words are "non-binding", and it lists definitive agreements, statutory approvals and customary conditions as the steps that follow.
Also from Kusumgar
Kusumgar Q2 FY27: revenue up 81% YoY to ₹2,509 Mn, PAT up 272%
5 Nov 2026
Board clears Q2/H1 results with unmodified review, Certoplast JV term sheet
5 Nov 2026
Board meeting on November 5 to approve Q2 and H1 results
30 Oct 2026
More numbers
- Standalone revenue from operations, quarter ended 30 Sep 2026 (Rs. million)2,399.18
- Standalone revenue from operations, quarter ended 30 Sep 2025 (Rs. million)1,221.99
- Standalone revenue from operations, half year ended 30 Sep 2026 (Rs. million)4,830.18
- Standalone profit for the quarter (Rs. million)331.58
- Standalone basic EPS for the quarter (Rs.)3.16
- Consolidated revenue from operations, quarter ended 30 Sep 2026 (Rs. million)2,509.43
- Consolidated profit for the quarter (Rs. million)405.97
- Consolidated basic EPS for the quarter (Rs.)3.87
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