Outcome of Board Meeting with Financials for period ended September 30, 2025
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The Board approved unaudited standalone financial results for the quarter and half year ended 30 September 2025. The company reported zero revenue from operations for all periods presented, with total income of Rs. 6.74 lakhs in Q2 FY26 (vs Rs. 11.20 lakhs in Q2 FY25) coming entirely from 'other income'. Total expenses fell sharply to Rs. 5.38 lakhs (vs Rs. 36.20 lakhs in Q2 FY25), mainly because other expenses dropped from Rs. 35.57 lakhs to Rs. 4.78 lakhs. This led to a profit after tax of Rs. 1.06 lakhs in Q2 FY26, a swing from a loss of Rs. 25 lakhs in Q2 FY25. H1 FY26 PAT stood at Rs. 4.18 lakhs versus a loss of Rs. 24.76 lakhs in H1 FY25. The auditor issued a clean (unqualified) limited review report.
The company shows no operating business activity — its core oil extraction operations are generating zero revenue, and profits are coming solely from other income (likely interest on cash) and lower expenses. Shareholders should view the return to profitability with caution as it is driven by cost normalisation, not a revival of core business.