Board approves unaudited results for quarter and half year ended 30 September 2026

Board considered and approved the unaudited financial results for the quarter and half year ended 30 September 2026.

Wed 7 Oct 2026

Quarter revenue from operations

82,800.00 (₹ in lakhs)

Quarter total expenses

82,803.71 (₹ in lakhs)

Quarter loss after tax

3.71 (₹ in lakhs)

Board meeting and what it approved

• The board of directors met on Wednesday, 07 October 2026, from 4:30 P.M. to 5:00 P.M. at the registered office at I-460, 4th Floor, Titanium City, Near Sachin Tower, Anand Nagar Road, Satellite, Manekbag, Ahmedabad.
• The board considered and approved the unaudited financial results for the quarter and half year ended 30 September 2026, along with the Limited Review Report of the statutory auditor. The results were reviewed by the Audit Committee before approval.

Quarter and half year figures (₹ in lakhs)

• Revenue from operations: 82,800.00 for the quarter, against 3.16 in the previous quarter, 5.22 in the corresponding quarter of the previous year, and 82,803.16 for the half year.
• Total expenses: 82,803.71 for the quarter and 82,810.64 for the half year.
• Loss for the period after tax: 3.71 for the quarter and 7.48 for the half year.
• Earnings per share (basic and diluted, face value Rs. 10/- per share): 0.04 for the quarter and 0.07 for the half year, reflecting the loss.

Asset and liability position (₹ in lakhs), as at 30.09.2026 against as at 31.03.2026

• Total assets: 65,678.43 against 250,686.59.
• Inventories: 64,942.03 against 16,342.03.
• Non-current borrowings: 65,000.00 against 250,000.00.
• Cash and cash equivalents: 4.55 against 6.66.
• Total equity: 676.76 against 684.24.
• Paid up equity share capital: 1,026.90 in both periods, comprising shares of face value Rs. 10/- each.

Cash flow (₹ in lakhs) for the half year ended 30.09.2026

• Net cash from operating activities: (48,608.72).
• Net cash from investing activities: 233,606.61.
• Net cash from financing activities: (185,000.00), which includes repayment of borrowings of 185,000.00.
• Net decrease in cash and cash equivalents: (2.11); cash and cash equivalents at the end of the period 4.55.

What the auditor's review says

• The Limited Review Report is issued by VRSK & Associates, Chartered Accountants, dated 07 October 2026. The report states that a review gives less assurance than an audit.
• Under an emphasis of matter, the report notes that the accompanying statement of unaudited standalone financial results has not been prepared in accordance with applicable accounting standards i.e. IND AS, and that interest on loan given is not provided.

Other business at the meeting

• The board discussed compliance of Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and is of the view that it is not applicable to the company, as the company has not issued any share by way of public issue, rights issue, preferential issue, etc. A certificate signed by the Managing Director to this effect is enclosed with the update.

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