Q2 results approved, IPO monitoring report noted, Company Secretary change announced
Board meeting on November 05, 2026 approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, along with the auditors' limited review reports.
By ScoutQuest · · 2 min read
- Results period
- quarter and half year ended September 30, 2026
- Monitoring agency report
- CARE Ratings for the quarter ended September 30, 2026
- Company Secretary change
- Nikhil Kumar resigned effective close of November 05, 2026; Anil Kumar appointed from November 06, 2026
The Board of Directors met on November 05, 2026 and the outcome covers four items.
What the Board did
- Approved the unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2026, along with the limited review reports of the statutory auditors.
- Took note of the Monitoring Agency Report for the quarter ended September 30, 2026, issued by CARE Ratings Limited, the monitoring agency appointed to track utilisation of the company's Initial Public Offering (IPO) proceeds.
- Took note of the resignation of Mr. Nikhil Kumar (Membership No. A48353) as Company Secretary and Compliance Officer, effective from the close of business hours of November 05, 2026.
- Approved the appointment of Mr. Anil Kumar (Membership Number F8023) as Company Secretary and Compliance Officer (Key Managerial Personnel), with effect from November 06, 2026.
What the review report adds
The limited review report is issued by B S R & Co. LLP, Chartered Accountants. It states that the interim financial information of four subsidiaries included in the consolidated statement was reviewed by other auditors, and the firm's conclusion relies on those reports.
- Those four subsidiaries reflect total assets (before consolidation adjustments) of Rs. 883.89 million as at September 30, 2026.
- Their total revenues (before consolidation adjustments) were Rs. 195.63 million for the quarter ended September 30, 2026 and Rs. 380.98 million for the period from April 01, 2026 to September 30, 2026.
- Total net profit after tax for that period was Rs. 5.22 million, and net cash inflow for the period was Rs. 17.39 million.
- One more subsidiary's interim financial information was not reviewed; it reflects total assets of Rs. 6.06 million.
- The review conclusion is not modified in respect of these matters, and the parent's management has stated that this information is not material to the Group.
What it means for a retail investor
- The two main items are the approval of the September-quarter results and the note recording the monitoring agency's report on how IPO money was used.
- A limited review is narrower than a full audit: the auditors give a conclusion on the numbers rather than an audit opinion.
- The Company Secretary and Compliance Officer change is a key managerial personnel change; the outgoing officer's term ended at the close of November 05, 2026 and the new appointment took effect the next day.
Points to keep in mind
- The subsidiary figures above are stated before consolidation adjustments, so they describe those entities and not the group's consolidated revenue or profit.
- The monitoring agency report and the resignation letter are referenced as separate annexures to the same disclosure.
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More numbers
- Total assets of four subsidiaries reviewed by other auditorsRs. 883.89 million
- Total revenues of those subsidiaries for the quarterRs. 195.63 million
- Total revenues of those subsidiaries for April-September 2026Rs. 380.98 million
- Total net profit after tax of those subsidiaries for April-September 2026Rs. 5.22 million
- Net cash inflow of those subsidiaries for April-September 2026Rs. 17.39 million
- Total assets of the additional subsidiary not reviewedRs. 6.06 million
- Number of subsidiaries whose interim financials were reviewed by other auditorsfour
- Number of further subsidiaries whose interim financials were not reviewedone
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