Praveg531637Quarterly results

Board approved September quarter results; Company Secretary replaced; consolidated loss Rs. 2,013.38 lakh

Board meeting on Nov 3, 2026 approved unaudited Q2/H1 FY27 results.

By ScoutQuest · Tue 3 Nov 2026, 5:16 PM IST · 2 min read

Consolidated revenue (quarter): Rs. 4,374.73 lakh in the quarter
Consolidated loss (quarter): loss Rs. 2,013.38 lakh
Consolidated loss (half year): half year loss was Rs. 3,336.82 lakh

This update is the outcome of the board meeting held on November 3, 2026, which began at 12:30 p.m. and concluded at 03:55 p.m. Besides a change in Key Managerial Personnel, the board approved the company's September quarter results.

What the board approved

The Unaudited Financial Results (Consolidated and Standalone) for the quarter and half year ended September 30, 2026, as recommended by the Audit Committee.
The Limited Review Reports issued by the statutory auditors, KPSJ & Associates LLP, on those results.
The results were reviewed by the Audit Committee and approved by the Board in their respective meetings held on November 3, 2026.

The numbers (consolidated, Rs. in lakh)

Revenue from operations for the quarter ended September 30, 2026 was 4,374.73, against 3,750.28 in the same quarter a year earlier.
Total income for the quarter was 4,425.38; for the half year it was 9,046.45.
Loss for the quarter was 2,013.38, and the loss for the half year was 3,336.82.
Basic earnings per share was -7.70 for the quarter and -12.76 for the half year.
Total assets as at September 30, 2026 stood at 68,594.66, against 71,550.01 as at March 31, 2026.
Segment revenue for the quarter: Event, Exhibitions & Hospitality 2,773.05 and Advertisement 1,601.68.
Segment result for the quarter: Event, Exhibitions & Hospitality -1,853.56 and Advertisement 186.56.

Management change

Mr. Mukeshkumar Sohanram Chaudhary resigned from the post of Company Secretary & Compliance Officer and Key Managerial Personnel, with effect from the close of business hours on November 3, 2026.
Based on the recommendation of the Nomination and Remuneration Committee, the board approved the appointment of Himalay Amardas Dudharejiya as Company Secretary & Compliance Officer, Senior Management Personnel designated as Key Managerial Personnel and Nodal Officer, with effect from November 3, 2026.
The Key Managerial Personnel authorised to determine materiality of an event or information and make disclosures to the stock exchange(s) are Mr. Vishnukumar Vitthaldas Patel (Chairman & Managing Director), Mr. Dharmendra Manilal Soni (Chief Financial Officer) and Mr. Himalay Amardas Dudharejiya (Company Secretary & Compliance Officer).

Also stated in the notes

During the period, the company intimated the exchange about conversion of an Unsecured Inter Corporate Loan of Jhaveri Credits and Capital Limited into 8,33,700 equity shares, and the issue of 11,00,000 convertible warrants to the Promoter and Promoter Group on a preferential basis. This is pending with BSE for In-principle Approval.

How a retail reader can use this

The results are the main quantitative part: the company reported a loss at both the quarter and half-year level on a consolidated basis, and revenue for the quarter was higher than the same quarter a year earlier.
The Company Secretary change is a senior management development; the company has named a replacement on the same date and listed the officers authorised to make exchange disclosures.
The auditor's review is a limited review, which gives moderate assurance and is not a full audit opinion.

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