Clenon Enterprises Limited (formerly known as G.R. Cables Limited) has announced its unaudited financial results for the third quarter of FY 2025-26 ended December 31, 2025. The Board of Directors approved these results during their meeting held on February 14, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q3 FY26 Financial Performance

The company demonstrated significant operational progress during the quarter, reporting revenue from operations of ₹185.19 lakhs compared to no revenue recorded in the corresponding quarter of the previous year. Despite this revenue generation, the company posted a net loss of ₹59.17 lakhs for Q3 FY26.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Clenon Enterprises reported total income of ₹324.75 lakhs, comprising ₹323.93 lakhs from operations and ₹0.81 lakhs from other income. This represents a substantial increase from ₹195.71 lakhs total income recorded in the corresponding nine-month period of the previous year.

Expense Structure and Operational Details

The company's expense structure for Q3 FY26 included purchase of traded goods amounting to ₹184.69 lakhs, other expenses of ₹153.25 lakhs, finance costs of ₹5.93 lakhs, changes in inventory of ₹3.08 lakhs, employee benefits expense of ₹0.54 lakhs, and depreciation of ₹50.12 lakhs.

Share Capital and Equity Information

The company's paid-up equity share capital stood at ₹1,094.03 lakhs as of December 31, 2025, compared to ₹861.53 lakhs in the previous year. During the quarter, the company completed a preferential allotment of 23,25,000 equity shares of face value ₹10 each to strategic investors at ₹10 per share, pursuant to NCLT Order dated March 24, 2023.

Earnings Per Share and Board Meeting Details

The basic and diluted earnings per share for Q3 FY26 were both negative at ₹0.24, compared to negative ₹0.60 in Q3 FY25. For the nine-month period, the earnings per share stood at negative ₹1.64. The Board meeting commenced at 17:00 P.M. (IST) and concluded at 17:45 P.M. (IST) on February 14, 2026.

Regulatory Compliance

The financial results have been prepared in accordance with Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013. The results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The statutory auditors have completed the limited review as required under Regulation 33 of SEBI regulations.

Clenon Enterprises Limited has announced the incorporation of a wholly owned subsidiary, Clenon Properties Private Limited, marking the company's strategic expansion into the real estate and logistics sector. The subsidiary was incorporated on January 9, 2026, with the certificate of incorporation issued on January 13, 2026.

Corporate Structure and Capitalization

The newly formed subsidiary has been established with a clear capital structure designed to support its real estate operations.

Shareholding Pattern

Clenon Enterprises Limited holds a dominant position in the subsidiary with significant ownership stake.

Business Objectives and Operations

Clenon Properties Private Limited will operate in the real estate and logistics industry, focusing on comprehensive property development and management services. The subsidiary's business objectives include:

• Acquiring, purchasing, leasing, and developing real estate properties
• Constructing and operating warehouses and logistics parks
• Managing industrial parks and commercial complexes
• Operating godowns, cold storage facilities, and terminals
• Developing infrastructure facilities and transportation hubs

Regulatory Compliance

The incorporation has been completed in compliance with SEBI regulations, specifically under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that this wholly owned subsidiary constitutes a related party transaction due to common directorship and ownership structure. All future transactions with the subsidiary will be conducted on an arm's length basis to ensure regulatory compliance.

Strategic Implications

The formation of Clenon Properties Private Limited represents Clenon Enterprises Limited's diversification strategy beyond its traditional business operations. The subsidiary is yet to commence business operations, with no turnover recorded as of the incorporation date. This expansion into real estate and logistics sectors positions the company to capitalize on opportunities in property development and infrastructure management.