Darjeeling Industries Ltd’s board has approved the receipt of the 4th tranche of consideration for the preferential allotment of warrants. The decision was taken to facilitate the completion of the funding process associated with the warrant issuance.

Board Approval Details

The approval authorizes the company to receive the specific installment from the allottees. This tranche is part of the overall consideration agreed upon for the preferential allotment.

Transaction Context

The preferential allotment of warrants is a mechanism for the company to raise capital. The receipt of the 4th tranche marks a step in the disbursement schedule of these funds.

Darjeeling Industries Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹169.87 lakh compared to a net loss of ₹26.69 lakh in the previous year. The company's revenue from operations surged to ₹445.92 lakh for FY26, a significant increase from ₹91.01 lakh in FY25. The turnaround was driven by a substantial increase in total income, which rose to ₹511.37 lakh in FY26 from ₹91.01 lakh in the preceding year. The board approved the audited standalone financial results at a meeting held on May 27, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company posted a net profit of ₹7.09 lakh, with revenue from operations at ₹74.69 lakh. In the corresponding quarter of the previous year, the company had reported a net loss of ₹42.17 lakh. The basic earnings per share (EPS) for FY26 stood at ₹3.83, compared to a loss of ₹0.88 in the previous year.

Operational Highlights and Corporate Actions

The company incorporated a subsidiary, Novva Defence Iinds Limited, on January 30, 2026, though business operations had not commenced as of the reporting date. Consequently, the preparation of consolidated financial statements was not applicable. Darjeeling Industries also appointed M/s. Jitendra Parmar & Associates as its Secretarial Auditor for FY26.

Fund Utilization

The company raised funds through a preferential issue of convertible warrants. According to the statement on deviation or variation, there was no deviation in the utilization of funds raised. Proceeds were utilized for meeting working capital requirements and general corporate purposes. The company received ₹226.80 lakh on October 20, 2025, and ₹379.51 lakh on January 21, 2026, as part of the warrant conversions.