MEMsafe Equipments544695Quarterly results

Board approves unaudited Q2 and H1 results; auditor's review conclusion unmodified

Board met on 30.10.2026, 11:30 A.M. to 12:10 P.M.

By ScoutQuest · Fri 30 Oct 2026, 12:35 PM IST · 2 min read

Q2 Revenue from Operations

Rs. 4,037.94 Lacs, against 2,629.08 Lacs a year earlier

Q2 Net Profit

848.71 Lacs, against 546.09 Lacs a year earlier

H1 Revenue from Operations

7,216.62 Lacs, against 4,901.08 Lacs a year earlier

Board meeting outcome

• The Board met on 30 October 2026 and approved the unaudited standalone financial results for the quarter and half year ended 30 September 2026, after the Audit Committee reviewed them.
• The trading window for dealing in the company's securities by designated persons opens on Monday, 02 November 2026.

Auditor's review conclusion

• The statutory auditor, V. K. Kila & Co., Chartered Accountants, carried out a limited review (not a full audit) and concluded that nothing came to its attention that causes it to believe the statement contains a material misstatement or omits any required disclosure.
• That is an unmodified conclusion. A limited review gives moderate assurance and is not an audit opinion.
• The company notes that the comparative figures for the quarter ended 30 September 2025 were not audited or reviewed by the statutory auditors, and that management has exercised due diligence on them.

Quarter at a glance (standalone, Amount in Lacs)

• Revenue from operations: 4,037.94, against 2,629.08 in the quarter ended 30 September 2025.
• Net profit for the period: 848.71, against 546.09.
• The company operates in a single segment, manufacturing aluminium and steel scaffolding and FRP ladders.

Half year (standalone, Amount in Lacs)

• Revenue from operations: 7,216.62 for the half year, against 4,901.08 a year earlier.

Where the IPO money stands

• Total issue proceeds: 5,412.00 (Amount in Rs. Lakhs).
• 740.84 Lacs remained unutilised as at 30 September 2026 and was temporarily parked in fixed deposits with ICICI Bank.
• The objects include a new manufacturing facility, equipment for rental purposes, working capital, general corporate purposes and issue expenses. The company states utilisation is in line with the prospectus objects, with no material deviation or variation requiring disclosure.

What this means for a retail reader

• The headline event is a routine quarterly result approval, but the numbers show the direction of travel: revenue from operations and net profit for the quarter are both higher than the same quarter a year earlier, on a standalone basis.
• The auditor's unmodified review conclusion means the reviewed numbers did not throw up a red flag in the limited review.
• The IPO-proceeds table shows how much of the raised money has actually been spent and how much is still sitting in fixed deposits, which is useful for tracking whether the stated expansion plans are moving.
• All figures above are standalone; the update does not present consolidated numbers in this statement.

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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