Please find attached Outcome of Board meeting
Price
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Awaiting price reaction for this filing.
The Board approved H1 FY26 results with the auditor (R T Jain & Co LLP) issuing an unqualified limited review report. On a consolidated basis, revenue from operations grew ~29% year-on-year to ₹745.59 lakhs (from ₹576.07 lakhs), while the net loss narrowed sharply to ₹11.22 lakhs from ₹96.80 lakhs in H1 FY25. Standalone revenue rose ~22% to ₹32.62 lakhs and standalone profit after tax was ₹16.44 lakhs versus ₹13.60 lakhs, with EPS of ₹0.40. However, standalone operating cash flow turned negative at ₹(21.33) lakhs versus positive ₹9.09 lakhs in the prior period, mainly due to a ₹58.37 lakh increase in short-term loans and advances. The company also incorporated a new 99.99% subsidiary, Sancode Semi Pvt Ltd, on September 22, 2025, and had earlier approved the allotment of 11.11 lakh convertible warrants at ₹54 each (including ₹44 premium).
Mixed picture for shareholders: consolidated revenue growth of ~29% and sharply reduced losses are encouraging, but the company remains loss-making at the consolidated level and standalone operations are burning cash. Investors should watch whether the new subsidiary and warrant-driven capital raise translate into sustained profitability.