Longspur International Ventures reported a net profit of ₹15.68 lakh for the quarter ended June 30, 2026, returning to profitability after a loss in the preceding quarter. Revenue from operations for Q1FY26 stood at ₹75 lakh, compared to ₹65 lakh in the corresponding quarter of the previous year. The board approved the unaudited standalone financial results and the limited review report during its meeting held on July 10, 2026.

The company’s total income for the quarter was ₹75 lakh, while total expenses amounted to ₹53.77 lakh. Profit before tax for the period was ₹21.23 lakh, with tax expenses recorded at ₹5.55 lakh. The basic and diluted earnings per share (EPS) for the quarter were reported at ₹0.11.

Financial Performance Summary

The board meeting was originally scheduled for July 6, 2026, but was rescheduled to July 10 due to heavy rainfall in Mumbai causing travel disruptions. The meeting concluded at 5:00 P.M. The trading window for the company remains closed until 48 hours after the financial results become generally available information.

A K Kocchar & Associates, Chartered Accountants, performed the limited review of the unaudited financial results. The report confirms that the results were prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34). The company has a single reportable segment, and therefore, segment reporting is not applicable.

Longspur International Ventures has secured in-principle approval from BSE to issue 2,03,50,000 equity shares via a preferential allotment to promoters and non-promoters. The shares, carrying a face value of Rs. 10 each, will be issued at a price of Rs. 10 per share. This capital raise is subject to the company fulfilling all regulatory requirements before the shares can be listed.

The exchange granted the approval on June 12, 2026, under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE clarified that this in-principle nod does not constitute approval for listing and that the company must separately comply with all necessary formalities. The issuance must adhere to the provisions of the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

BSE has mandated specific internal controls to monitor trades executed by the proposed allottees. The company is required to obtain an undertaking from allottees confirming they will not engage in intra-day trading or sell any shares in the company until the allotment date. The onus of verifying this compliance lies solely with Longspur International Ventures.

Following the allotment of securities, the company must submit a listing application without delay. According to SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, the application for listing must be made within twenty days from the date of allotment. Failure to comply with this timeline will result in penalties as specified in the circular.

The exchange reserves the right to withdraw the in-principle approval if any information provided is found to be incomplete, incorrect, or misleading. Longspur International Ventures must also ensure that all statutory approvals required for the issue are obtained before proceeding with the allotment.