Outcome of the Board Meeting
Price
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The board approved unaudited financial results for Q2 and H1 FY26 (ended Sep 30, 2025). Revenue from operations surged to Rs. 574 lakhs in Q2 from a negative Rs. 25.74 lakhs a year ago, with H1 revenue at Rs. 680.25 lakhs. The company swung to a profit after tax of Rs. 252.83 lakhs in Q2 (vs a Rs. 58.40 lakh loss earlier), taking H1 PAT to Rs. 260.87 lakhs. EPS for Q2 stood at Rs. 2.22. Operating cash flow turned sharply positive at Rs. 471.95 lakhs, and cash balance rose to Rs. 187.81 lakhs. Separately, the board approved allotment of 2 lakh fully convertible warrants at Rs. 10 each to promoter Ms. Vijay Lakshmi Praturi, with Rs. 7.5 lakh (25%) received upfront.
Strong operational turnaround with both IT and Aquaculture segments contributing positively, though balance sheet still carries negative other equity of Rs. (1,318) lakhs indicating past accumulated losses. The small promoter warrant infusion (Rs. 7.5 lakh upfront) is symbolic confidence but not materially significant; dilution risk exists if warrants convert within 18 months.