Board approves Q2/H1 results, higher HDFC Bank guarantee, Mumbai property sale and Ahmedabad lease
Unaudited standalone and consolidated Q2/H1 FY27 results with the auditors' Limited Review Report; standalone 'Total income' for H1 was 67.28 (Rs.
By ScoutQuest · · 3 min read
- H1 standalone Total income
- 67.28 (Rs. In Lakhs) vs 120.77 a year earlier
- H1 standalone Profit/(Loss) for the period
- (31.29) vs 53.69 a year earlier
- Corporate guarantee for Dryfruit Factory LLP
- raised by ₹68 lakh to ₹5.68 crore
Results at a glance
The board approved the unaudited integrated financial results (standalone and consolidated) for the quarter and half year ended September 30, 2026, along with the Limited Review Report of the statutory auditors, M/s. Y B Desai & Associates. The figures below are the standalone ones, printed in Rs. In Lakhs.
- Half year ended September 30, 2026: 'Total income' 67.28; 'Profit/(Loss) for the period' (31.29).
- Half year ended September 30, 2025: 'Total income' 120.77; 'Profit for the period' 53.69.
Read plainly, standalone income was lower in the latest half and the period ended in a loss, where the year-earlier half was profitable.
Corporate guarantee raised
- The existing corporate guarantee given in favour of HDFC Bank for Dryfruit Factory LLP, a Material Subsidiary of the company, has been enhanced by an additional ₹68 lakh.
- The aggregate corporate guarantee now stands at ₹5.68 crore.
- The update describes this as a contingent liability: there is no immediate financial impact beyond disclosure in the financial statements, and exposure would arise only if Dryfruit Factory LLP is unable to meet its repayment obligations to the lender.
- The promoter, promoter group and group companies have no interest in the transaction, and it has been issued on an arm's length basis.
Mumbai property to be sold
- The immovable property at B-1109, Kanakia Wall Street, Chakala, Andheri-Kurla Road, Andheri (East), Mumbai, is to be sold.
- Consideration expected: not exceeding ₹5 crore.
- Buyer: M/s. Glorious Sales LLP, which does not belong to the promoter, promoter group or group companies. The company states the transaction is not a related party transaction.
- The agreement for sale is proposed to be executed on or before March 31, 2027, and the sale is expected to be completed on or before March 31, 2027.
- The managing director has been authorised to execute the documents and complete the formalities.
Ahmedabad property leased to the subsidiary
- The property at 27, Soham Industrial Park, Bareja-Dholka-Mahijada Road, Village Mahijada, Ahmedabad, is to be leased to Dryfruit Factory LLP, a Material Subsidiary.
- Expected rental income: not exceeding ₹3,00,000/- per month.
- Purpose: to facilitate cashew processing/manufacturing operations and/or use as a commercial office by the subsidiary.
- The lease agreement is proposed to be executed on or before December 31, 2026, subject to mutually agreed terms and conditions.
- This one is a related party transaction, stated to be at arm's length and approved by the Audit Committee and the Board. The company says this transaction is not expected to have any adverse impact on its business operations or financial position.
- The whole-time director and CFO has been authorised to execute the documents.
Auditor review
The statutory auditors have conducted a limited review of the results for the quarter ended September 30, 2026, and the Audit Committee reviewed and the Board approved the results at the meeting held on November 05, 2026.
What a retail reader may weigh
- The guarantee is a contingent liability sitting with the listed entity for a subsidiary's bank facilities; it costs nothing today but is a claim that can arise later.
- The property sale and the lease are both proposed, not completed; the company itself has set the execution and completion dates.
- The buyer of the Mumbai property is outside the promoter group, while the lessee of the Ahmedabad property is a material subsidiary, so the lease is a related party transaction.
- Cash flow from the sale, when it happens, is a one-time item; the lease is a recurring monthly rental income as per the stated expectation.
Also from Span Divergent
Income Tax Appellate Authority Quashes Assessment Order; ~₹64.15 lakh Disallowances Set Aside
5 Nov 2026
Board approves leasing of immovable property to material subsidiary Dryfruit Factory LLP
5 Nov 2026
Board approves sale of Mumbai immovable property; consideration not to exceed ₹5 crore
5 Nov 2026
More numbers
- Additional corporate guarantee for Dryfruit Factory LLP (HDFC Bank)₹68,00,000/-
- Aggregate corporate guarantee after enhancement₹5,68,00,000/-
- Expected consideration from Mumbai property sale (not exceeding)₹5,00,00,000/-
- Expected monthly lease rental from Ahmedabad property (not exceeding)₹3,00,000/-
- Standalone Total income, half year ended September 30, 2026 (Rs. In Lakhs)67.28
- Standalone Profit/(Loss) for the period, half year ended September 30, 2026 (Rs. In Lakhs)(31.29)
- Standalone Total income, half year ended September 30, 2025 (Rs. In Lakhs)120.77
- Standalone Profit for the period, half year ended September 30, 2025 (Rs. In Lakhs)53.69
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