Outcome of the Meeting of Board of Directors held on Friday, 14th November, 2025 at 04:00 P.M.
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By the next day the stock moved 6.1 pts less than Nifty Microcap 250 and 5.1 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved unaudited financial results for the quarter and half year ended September 30, 2025. Revenue from operations stood at ₹30.44 lakhs in Q2 FY26 versus nil in the year-ago quarter, with total income of ₹53.75 lakhs. Profit after tax for Q2 was ₹16.40 lakhs (vs ₹22.93 lakhs last year, lower due to current tax of ₹5.77 lakhs), while H1 FY26 PAT rose to ₹33.62 lakhs from ₹30.97 lakhs, an 8.6% increase. Total income for H1 FY26 grew about 60% YoY to ₹84.33 lakhs. Statutory auditor Bilimoria Mehta & Co issued an unqualified limited review report. The balance sheet shows the company is essentially an investment entity, with ₹1,820.91 lakhs parked in investments out of total assets of ₹1,872.68 lakhs, and it remains virtually debt-free with borrowings of just ₹16.58 lakhs.
For shareholders, results indicate stable profitability driven mostly by investment income (interest, dividends, fair value gains) rather than core steel operations. Operating cashflow was negative at ₹(11.36) lakhs, though this is normal for an investment-heavy entity where the main inflows are classified under investing activities. Limited real operating revenue keeps near-term growth outlook modest.