Impact Events

Shah Metacorp: No deviation in preferential issue fund use for Q2 FY27
Shah Metacorp Ltd has confirmed that there was no deviation or variation in the use of proceeds from its preferential issue of equity shares (via warrants) to Ms. Mona Shah for the quarter ended September 30, 2026. The funds raised, amounting to ₹1554.3 Lacs (₹15.54 Crore), were utilized as per the objects approved by the shareholders. The company allotted equity shares to Ms. Mona Shah on July 16, September 10, and September 16, 2026, pursuant to the exercise of rights attached to convertible warrants. A statement detailing the use of funds was reviewed by the Audit Committee and approved by the Board of Directors on November 14, 2026. The company has also made this information available on its website.

Oscar Global Ltd Board Approves Unaudited Financial Results
Oscar Global Ltd announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors also approved alterations to the company's Memorandum of Association to include activities related to travel, tourism, and hospitality. Significant management changes were noted, including the appointment of new Whole-Time Director and CFO, Shashank Srivastava, and several Non-Executive Directors. The resignations of the entire existing Board of Directors and Key Managerial Personnel were accepted to facilitate a complete handover.

Sancode Technologies Declares Half-Yearly Unaudited Financial Results
Sancode Technologies Ltd announced the outcome of its Board Meeting held on November 14, 2026. The Board of Directors approved the Standalone and Consolidated Unaudited Financial Statements for the half-year ended September 30, 2026. The Limited Review Report from the statutory auditors, M/S R T Jain & Co. LLP, was also submitted. The meeting commenced at 8:00 PM and concluded at 8:30 PM.

Toyam Sports Ltd: Unaudited Financial Results for Q2 FY27 Declared
Toyam Sports Limited announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results along with the Limited Review Report and Related Party Disclosure on a consolidated basis for the half-year ended September 30, 2026. The company primarily operates in the Sports Promotion business with no separate reportable segments as per Ind AS 108. The statutory auditors have expressed a modified audit conclusion on the results.

RDB Real Estate Constructions declares Un-audited Financial Results
RDB Real Estate Constructions Ltd announced its Un-audited Financial Results for the quarter and half-year ended September 30, 2026. The Board of Directors approved the standalone and consolidated results during a meeting held on November 14, 2026. A limited review report from the statutory auditor was also provided. The meeting commenced at 4:30 PM and concluded at 10:00 PM.

Kaiser Corp Board Meeting Adjourned to Nov 18 for Unaudited Results
Kaiser Corporation Ltd's Board Meeting, originally scheduled for November 14, 2026, to approve unaudited financial results for the quarter and half-year ended September 30, 2026, has been adjourned. The adjournment is to November 18, 2026, to allow management to gather additional information and clarifications on certain accounting and financial matters. The meeting will reconvene to finalize and approve the results.

Arihant Foundations Q2 FY27 Revenue ₹135.49 Cr, EBITDA ₹43.76 Cr
Arihant Foundations & Housing Ltd announced its unaudited standalone and consolidated financial results for the quarter ended September 30, 2026. Revenue for Q2 FY27 stood at ₹135.49 Crores, a 50% year-on-year increase, while EBITDA rose to ₹43.76 Crores, with margins expanding to 32.3%. For the first half of FY27, revenue reached ₹271.66 Crores (up 55% YoY) and EBITDA was ₹81.99 Crores (up 73% YoY). The company reported pre-sales of ₹194 Crores during the quarter, with 1.60 lakh sq. ft. sold and collections of ₹78 Crores. Management expressed optimism about the development pipeline, with several large residential projects nearing approval and expected launches within the current financial year, positioning the company for sustained growth.

Sancode swings to ₹0.17 Cr consolidated PAT YoY as ₹100+ Cr raise funds OSAT pivot
Sancode Technologies' consolidated half-year (Apr-Sep 2026) results, approved by the board on Nov 14, 2026, show a swing to profit: consolidated PAT of ₹0.17 Cr versus a ₹0.11 Cr loss in the year-ago half (H1 FY26), on revenue up 5.4% YoY to ₹7.86 Cr from ₹7.46 Cr. The stock carries zero analyst coverage (confirmed via market-data search), so there is no street estimate to beat or miss, and the company has no prior guidance on record — this print is judged against its own trend only. The standalone (parent-only) numbers tell a different story: standalone PAT fell 68.6% YoY to ₹0.052 Cr from ₹0.164 Cr, since the parent is largely a holding entity with just ₹0.12 Cr of operating revenue and most of its income from investments (₹0.23 Cr other income). The improvement is entirely a consolidated/subsidiary-level story, not visible standalone. The margin turnaround is real but thin. Consolidated net margin improved to 2.16% from -1.5% YoY, and segment operating profit turned to a ₹0.078 Cr operating profit from an operating loss a year ago, implying a margin near breakeven (~1%) against -3.96% in H1 FY26. The core Technology Advisory Services segment did the work — ₹7.89 Cr revenue and a ₹0.13 Cr segment result — while the new Semiconductor (OSAT) segment stayed pre-revenue with a ₹0.053 Cr segment loss, having already absorbed ₹4.72 Cr of capex this half. Sequentially, momentum eased: against the preceding half (H2 FY26, Oct 2025-Mar 2026: revenue ₹8.30 Cr, PBT ₹0.76 Cr), H1 FY27 revenue slipped 5.4% and PBT fell roughly 71% to ₹0.18 Cr — the YoY turnaround narrative rests on a weak year-ago base more than on accelerating current performance. The more consequential development this half sits on the balance sheet, not the P&L: consolidated total assets jumped to ₹126.22 Cr from ₹10.36 Cr as of March 2026, funded by ₹41.65 Cr of securities premium and ₹63.99 Cr of CCPS proceeds raised by subsidiary Sancode Semi Private Limited from outside investors (now carried as ₹63.36 Cr minority interest), with ₹100 Cr parked in fixed deposits of over 12 months. That capital build lines up with the OSAT push: after this period ended, Sancode acquired 100% of Cirtek Electronics Corp (Oct 23, 2026), North Star Fund took an 8.94% stake in the company (Oct 6, 2026), and a new CEO was appointed for the OSAT facility (Oct 12, 2026) — none of which feeds into these September 30 financials but all of which explain why the capital was raised this half. Management's filing is limited to the board-outcome cover letter; no separate press release or commentary on the quarter's drivers was issued, so there is no management framing to reconcile against the numbers.

Kaiser Corp Board Meeting Adjourned to Nov 18 for Financial Results
Kaiser Corporation Ltd has informed BSE that its Board of Directors meeting, initially scheduled for November 14, 2026, to approve the unaudited financial results for the quarter and half-year ended September 30, 2026, has been adjourned. The adjournment is to allow management to gather additional information, supporting details, and clarifications on certain accounting and financial matters. The meeting will now continue on November 18, 2026, to finalize and approve the financial results.

Hero Motors consol PAT up 62% YoY to ₹18 Cr as NPM rebounds to 4.9%, beats preview
Hero Motors' second quarter as a listed company shows a sharp recovery from the margin-credibility scare of its IPO-quarter debut. Consolidated PAT (net profit for the period, before minority split) came in at ₹18.02 Cr, up 62.3% YoY (₹11.10 Cr) and 88.3% QoQ (₹9.57 Cr), on consolidated revenue of ₹364.79 Cr, up 21.3% YoY and 14.2% QoQ. There is no public analyst consensus for this stock — thin post-IPO coverage per our own pre-result preview — so the print cannot be graded against Street numbers; measured against our own pre-result watch (revenue ~₹325 Cr, PAT ₹12-15 Cr), the quarter cleared both markers. Management has issued no formal guidance or outlook on record, and this filing carries no separate press release or MD&A commentary beyond the regulatory outcome letter — so there is nothing from management to grade the print against either. The margin story is the real headline: consolidated NPM recovered to 4.87% from 3.62% a year ago and 2.97% last quarter (the figure that spooked the Street after the debut print), while segment-level operating margin (segment result/revenue) rose to 9.44% from 9.07% YoY and 8.38% QoQ. Both segments grew — Powertrain Solutions revenue +21.4% YoY to ₹197.8 Cr with its segment profit nearly doubling (+68.0% YoY) to ₹28.4 Cr, and Alloys & Metallics revenue +23.6% YoY to ₹186.0 Cr with segment profit +22.3% to ₹11.0 Cr — so the margin recovery is broad-based rather than a single-segment mix shift. Basis note: standalone (parent-only) PAT of ₹23.75 Cr, up 48.8% YoY, is materially ahead of the consolidated figure and grew slower YoY (48.8% vs 62.3%) because six subsidiaries (including the Thai unit) together lost ₹4.53 Cr this quarter versus a smaller drag a year ago — readers comparing the two PAT numbers elsewhere should expect this gap. On corporate activity, the Board approved a fresh investment of up to ₹14 Cr in wholly-owned Hero Motors Thai Ltd (equity and/or loan) to fund its ongoing business, continuing the inorganic/subsidiary-funding push flagged in the IPO prospectus; separately, a CARE Ratings report tracked utilisation of the ₹561.99 Cr allocated net IPO proceeds, of which only ₹216.84 Cr has been deployed so far (₹189.84 Cr debt repayment, ₹27 Cr toward inorganic growth), leaving ₹345.15 Cr still unutilised and parked in deposits/bank balances — this shows up on the balance sheet as a large jump in bank balances and investments. Equity capital also rose to ₹454.22 Cr (from ₹358.34 Cr) on the IPO issue, CCPS conversion (2.10 Cr shares) and ESOP exercises, diluting per-share metrics even as absolute profit grew.

RDB Real Estate: No Deviation in Preferential Issue Fund Utilization
RDB Real Estate Constructions Ltd has submitted its fifth Monitoring Agency Report for the quarter and half-year ended September 30, 2026. The report, issued by Brickwork Ratings India Private Limited, confirms no deviation in the utilization of funds raised through a preferential issue of share warrants, which aggregated to ₹97.84 Crore. The utilization of these funds was reviewed by the Audit Committee and the Board of Directors. The company has also made this report available on its website.

Toyam Sports Board Approves Q2 FY27 Financial Results
Toyam Sports Limited's Board of Directors convened on November 14, 2026, to approve the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. The board also reviewed the Limited Review Report and Related Party Disclosures for the same period. The company is primarily engaged in Sports Promotion with no separate reportable segments.

Avro India: No Deviation in Fund Utilization for Q2 FY27
Avro India Limited has confirmed that there has been no deviation or variation in the utilization of funds raised through a preferential issue of warrants. The statement pertains to the quarter ended September 30, 2026. The company received ₹101.25 lakh upon conversion of warrants, with some warrants lapsing due to non-receipt of balance payments. The Audit Committee has reviewed and approved the nil deviation statement. Funds raised were intended for capacity expansion, working capital, and brand visibility enhancement.

Arcee Industries Declares Q2 FY27 Unaudited Results
Arcee Industries Ltd announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported total income of ₹830.78 Lakhs for the quarter, a significant increase from ₹0.39 Lakhs in the same period last year. Expenses for the quarter stood at ₹790.77 Lakhs. The company posted a profit before tax of ₹40.01 Lakhs for the quarter, compared to a loss of ₹17.79 Lakhs in the prior year's quarter. Basic EPS for the quarter was ₹0.78. The results were approved by the Board of Directors on November 14, 2026, following a limited review by the statutory auditors.

Arihant Foundations: No Deviation in Issue Proceeds Utilization
Arihant Foundations & Housing Ltd has filed its Monitoring Agent Report for the quarter ended September 30, 2026. ICRA Limited, the monitoring agency, has confirmed that there has been no deviation in the utilization of the issue proceeds from the stated objects of the issue. The total net proceeds of ₹108.60 Crore (₹65.55 Crore from Equity shares and ₹43.05 Crore from warrants) have been utilized in line with the objects. The report was reviewed by the Audit Committee and taken on record by the Board of Directors.












