Board approves unaudited Q2 and half-year results; auditor's review finds no material misstatement
Board meeting on 22 October 2026 approved the unaudited results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Total income | 0.31 | 0.68 | −54.4% | 2.20 | −85.9% |
| Profit before tax | (6.22) | (2.30) | −170% | (2.57) | −142% |
| Profit after tax | (6.22) | (2.30) | −170% | (2.57) | −142% |
| Total comprehensive income | (6.22) | (2.30) | −170% | (2.57) | −142% |
| Basic EPS | (3.11) | (1.15) | −170% | (1.28) | −143% |
- Total income
- Latest 0.31; Year ago 0.68 (−54.4%); Prev qtr 2.20 (−85.9%)
- Profit after tax
- Latest (6.22); Year ago (2.30) (−170%); Prev qtr (2.57) (−142%)
- Period
- 30.09.2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- On 18th September, 2026 the Company intimated BSE of proposed sale of 1,46,293 Shares (73.15%), the entire promoter holding, to the proposed Acquirer; Board proposed preferential issue subject to member approval.
- Acquirer made public announcement on 18th September, 2026 and detailed public statement on 22nd September, 2026 for open offer under SEBI SAST Regulations; approvals awaited; no impact on results.
What the board approved
The Board of Directors met on 22 October 2026 and approved the company's unaudited financial results for the second quarter and half year ended 30 September 2026, together with the statutory auditor's limited review report. The results are the company's standalone statements, in ₹ lakh as printed.
The numbers (standalone, ₹ in lakh)
- Total Income for the half year ended 30 September 2026: 2.51
- Profit/(Loss) after tax for the half year: (8.79)
- Total Income for the quarter ended 30 September 2026: 0.31
- Profit/(Loss) after tax for the quarter: (6.22)
Figures in brackets are losses. 'Revenue from operations' is shown with a dash for every period printed, and the income recognised sits under 'Other Income'. In simple words, the company did not book sales revenue in these periods and the money coming in is non-operating income, while costs such as employee benefits and other expenses took the result into a loss.
On the balance sheet, Cash and cash equivalents were 1.34 lakh as at 30 September 2026, against 202.95 lakh as at 31 March 2026.
What the auditor said
The auditor carried out a limited review, which is narrower in scope than a full audit. The conclusion is unmodified: nothing came to their attention that causes them to believe the statement has any material misstatement or does not disclose what the regulations require. That is the standard clean review conclusion.
The ownership change recorded in the notes
- On 18 September 2026 the company intimated BSE about the proposed sale of 1,46,293 shares, being 73.15%, the entire holding of the existing promoters and promoter group, to a proposed acquirer.
- The board also proposed, on 18 September 2026, subject to approval of the members, a preferential issue to that acquirer and other investors.
- The acquirer made a public announcement on 18 September 2026 and a detailed public statement on 22 September 2026 for an open offer under regulations 3(1) and 4 of the SEBI SAST Regulations, subject to approvals.
- The company states these transactions have no impact on the financial results for the quarter and half year ended 30 September 2026.
How a retail investor might read this
The results themselves are a small, non-operating income base with a loss after tax for both the quarter and the half year. The more consequential item is the proposed transfer of a 73.15% stake to a new acquirer along with an open offer, because a change of this size can change who controls the company. The update keeps that transaction separate from the earnings, noting it does not affect the reported results for the period.
Also from Technojet Consultants
Board meeting on 22 October 2026 to consider and approve unaudited results for Q2/H1 FY27
16 Oct 2026
EGM on 30 Oct 2026 to consider 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
30 Sep 2026
More numbers
- Total Income, half year ended 30 September 2026 (₹ in lakh)2.51
- Profit/(Loss) after tax, half year ended 30 September 2026 (₹ in lakh)(8.79)
- Shares proposed to be sold by promoters and promoter group1,46,293
- Promoter holding proposed to be sold as % of company73.15%
- Cash and cash equivalents as at 30 September 2026 (₹ in lakh)1.34
- Cash and cash equivalents as at 31 March 2026 (₹ in lakh)202.95
- Total income, latest quarter0.31 (₹ in Lakh)
- Total income, year-ago quarter0.68 (₹ in Lakh)
- Total income, previous quarter2.20 (₹ in Lakh)
- Total comprehensive income, latest quarter(6.22) (₹ in Lakh)
- Total comprehensive income, year-ago quarter(2.30) (₹ in Lakh)
- Total comprehensive income, previous quarter(2.57) (₹ in Lakh)
- Profit after tax, latest quarter(6.22) (₹ in Lakh)
- Profit after tax, year-ago quarter(2.30) (₹ in Lakh)
- Profit after tax, previous quarter(2.57) (₹ in Lakh)
- Profit before tax, latest quarter(6.22) (₹ in Lakh)
- Profit before tax, year-ago quarter(2.30) (₹ in Lakh)
- Profit before tax, previous quarter(2.57) (₹ in Lakh)
- Revenue from operations, latest quarter-
- Revenue from operations, year-ago quarter-
- Revenue from operations, previous quarter-
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