Board approved unaudited results for Q2 and half year ended 30th September 2026
Board on 22nd October 2026 approved the unaudited financial results for the second quarter and half year ended 30th September 2026; the Statutory Auditor's Limited Review Report is enclosed.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Total income | 0.42 | 0.75 | −44% | 2.29 | −81.7% |
| Profit before tax | (6.09) | (4.24) | −43.6% | (2.59) | −135% |
| Profit after tax | (6.09) | (4.24) | −43.6% | (2.59) | −135% |
| Total comprehensive income | (6.15) | (4.24) | −45% | (2.59) | −137% |
| Basic EPS | (3.05) | (2.12) | −43.9% | (1.30) | −135% |
- Total income (year ago)
- 0.75 (−44%)
- Period
- Quarter Ended 30.09.2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- On 18th September, 2026 the Company intimated BSE of the proposed sale of 1,47,043 shares (73.52%), the entire promoter holding, to the proposed Acquirer; Board also proposed a preferential issue.
- Acquirer made a public announcement (18th Sept 2026) and detailed public statement (22nd Sept 2026) for an open offer under SEBI SAST Regs; SEBI approval awaited; no impact on results.
- There are no reportable segments as per Ind AS 108.
What the board approved
The Board of Directors met on 22nd October 2026 from 04:00 PM to 04:25 PM (IST) and approved the Unaudited Financial Results of the Company for the second quarter and half year ended 30th September 2026. The Limited Review Report of the Statutory Auditor on these results is enclosed with the update, and the Company stated it would publish an extract of the unaudited results.
Results for the quarter and half year (₹ in lakh, as printed)
- 'Revenue from operations' is printed as '-' (nil) for the quarter and half year, both this year and last year.
- 'Other income': ₹ 0.42 lakh for the quarter against ₹ 2.29 lakh a year earlier; ₹ 0.75 lakh for the half year against ₹ 2.71 lakh.
- 'Total income': ₹ 0.42 lakh against ₹ 2.29 lakh for the quarter; ₹ 0.75 lakh against ₹ 2.71 lakh for the half year.
- 'Total expenses': ₹ 6.51 lakh against ₹ 4.88 lakh for the quarter; ₹ 4.99 lakh against ₹ 11.39 lakh for the half year.
- 'Profit/(Loss) after tax': ₹ (6.09) lakh against ₹ (2.59) lakh for the quarter; ₹ (8.68) lakh against ₹ (7.88) lakh for the half year.
- 'Earnings per share' (basic, ₹ 10/- each): ₹ (3.05) against ₹ (1.30) for the quarter; ₹ (4.34) against ₹ (3.54) for the half year.
- Paid up share capital is ₹ 20.00 lakh, with 200,000 shares of ₹ 10/- each fully paid.
Balance sheet as at 30th September 2026 (₹ in lakh)
- Total assets: ₹ 33.67 lakh, against ₹ 217.26 lakh as at 31st March 2026.
- Total shareholder's funds: ₹ 29.69 lakh, against ₹ 212.44 lakh.
- Total current assets: ₹ 30.67 lakh, against ₹ 214.26 lakh.
- Total current liabilities: ₹ 1.39 lakh, against ₹ 1.00 lakh.
Cash flow for the half year (₹ in lakh)
- Net cash used in operating activities: ₹ (13.26) lakh, against ₹ 4.13 lakh generated in the same half last year.
- Net cash generated from investing activities: ₹ (19.58) lakh, against ₹ 14.50 lakh.
- Cash and cash equivalents at the end of the period: ₹ 2.99 lakh, against ₹ 19.40 lakh.
Proposed change in ownership
A note to the results records that on 18th September 2026 the Company informed BSE of the proposed sale of 1,47,043 shares (73.52%), the entire holding of the existing Promoters and Promoters Group, to a proposed Acquirer. The Board on 18th September 2026 also approved, subject to approval of the members, a preferential issue to the said acquirer and other investors. A public announcement was made on 18th September 2026 and a detailed public statement on 22nd September 2026 for an open offer under Regulation 3(1) and Regulation 4 of the SEBI SAST Regulations, 2011; the approval of SEBI and such other approvals as may be required are awaited. The Company states that these transactions have no impact on the financial results for the quarter and half year ended 30th September 2026.
What a retail investor may take away
The quarter's numbers are driven almost entirely by other income, since 'Revenue from operations' is nil, and the Company reported a loss at the 'Profit/(Loss) after tax' line. Alongside the results, the update sets out a proposed transfer of the promoters' entire 73.52% holding to a proposed acquirer, coupled with an open offer that is awaiting approvals.
Also from Oseaspre Consultants
Board meeting on 22 October 2026 to approve unaudited results for quarter and half year ended 30 September 2026
16 Oct 2026
Notice of EGM on 30 October 2026: authorised capital increase and Rs. 2,40,00,000 preferential issue
8 Oct 2026
Draft Letter of Offer shared for open offer at Rs. 48 per share with change in control
29 Sep 2026
More numbers
- Total expenses, quarter ended 30.09.20266.51 lakh
- Profit/(Loss) after tax, half year ended 30.09.2026(8.68) lakh
- Total assets as at 30.09.202633.67 lakh
- Cash and cash equivalents at end of period2.99 lakh
- Promoter shares proposed to be sold1,47,043 shares
- Promoter holding proposed to be sold73.52%
- Total income, latest quarter0.42 (₹ in Lakh)
- Total income, year-ago quarter0.75 (₹ in Lakh)
- Total income, previous quarter2.29 (₹ in Lakh)
- Total comprehensive income, latest quarter(6.15) (₹ in Lakh)
- Total comprehensive income, year-ago quarter(4.24) (₹ in Lakh)
- Total comprehensive income, previous quarter(2.59) (₹ in Lakh)
- Profit after tax, latest quarter(6.09) (₹ in Lakh)
- Profit after tax, year-ago quarter(4.24) (₹ in Lakh)
- Profit after tax, previous quarter(2.59) (₹ in Lakh)
- Profit before tax, latest quarter(6.09) (₹ in Lakh)
- Profit before tax, year-ago quarter(4.24) (₹ in Lakh)
- Profit before tax, previous quarter(2.59) (₹ in Lakh)
- Revenue from operations, latest quarter-
- Revenue from operations, year-ago quarter-
- Revenue from operations, previous quarter-
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