Pursuant to Regulation 33 and Para A of Part A of Schedule III read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, this is to inform you ....
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The Board approved standalone and consolidated unaudited financial results for Q2 FY26 and H1 FY26 on 14 November 2025. Standalone revenue from operations dropped sharply to Rs 8.00 lakhs in Q2 (vs Rs 69.04 lakhs in Q2 FY25, down ~88%) and Rs 42.50 lakhs in H1 (vs Rs 110.85 lakhs, down ~62%), mainly from steel trading weakness. Despite the revenue fall, standalone profit after tax rose to Rs 5.96 lakhs in Q2 and Rs 11.77 lakhs in H1 (vs Rs 5.69 lakhs in H1 FY25, more than doubling) on lower expenses and other income. Consolidated numbers looked stronger, with Q2 revenue of Rs 449.00 lakhs and H1 PAT of Rs 17.71 lakhs, supported by a new subsidiary in trading of software/electronics/IT products. The statutory auditor issued an unmodified limited review report.
Mixed picture for shareholders: standalone core revenue is shrinking fast, but profitability is holding up through cost control; consolidated growth from the new IT trading subsidiary provides diversification, though operating cashflows remain negative.