Panjon Limited announced its unaudited financial results for the quarter ended 31st December, 2025, during a board meeting held on 13th February, 2026. The company reported steady financial performance alongside significant corporate actions regarding convertible warrants.

Financial Performance for Q3 FY26

The company's financial results for the third quarter showed consistent operational performance across key metrics:

The company maintained profitability with a net profit of ₹21.61 lakhs for the quarter, compared to ₹22.44 lakhs in the previous quarter and ₹19.96 lakhs in the corresponding quarter of the previous year. Revenue from operations stood at ₹1413.89 lakhs, showing growth compared to the same period last year.

Expense Breakdown and Operational Metrics

Major expense categories for the quarter included purchase of stock-in-trade at ₹1019.35 lakhs, other expenses at ₹148.25 lakhs, and cost of materials consumed at ₹118.52 lakhs. Employee benefit expenses totaled ₹81.91 lakhs, while operating expenditure was ₹16.66 lakhs.

Convertible Warrants Cancellation

The board addressed a significant corporate action involving Mr. Jay Kothari's convertible warrants. Originally allotted 25,63,532 convertible warrants on 2nd February, 2024, Mr. Kothari had exercised a portion of these warrants in two tranches:

• 8,10,826 warrants converted to equity shares on 21st March, 2024
• 8,55,000 warrants converted to equity shares on 28th June, 2024

The remaining 8,97,706 convertible warrants were not exercised within the stipulated time period and consequently lapsed. In accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the company forfeited 25% of the warrant subscription amount.

Board Meeting Details and Compliance

The board meeting commenced at 4:00 PM and concluded at 7:00 PM on 13th February, 2026, at the company's registered office. The meeting was conducted in compliance with Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The financial results were reviewed by the audit committee and received limited review certification from Goyal Parul & Co., Chartered Accountants. The company reported no investor complaints during the quarter, maintaining a clean record with nil pending, received, or unresolved complaints.

Panjon Limited , a company listed on the Bombay Stock Exchange (BSE: 526345), has announced its unaudited financial results for the second quarter and six months ended September 30, 2025. The company has shown signs of improvement in its financial performance, with a notable reduction in net loss compared to the previous quarter.

Key Financial Highlights

Improved Financial Performance

Panjon Limited reported a significant reduction in its net loss for Q2 FY2026. The company's net loss stood at ₹2.24 crore, compared to a net loss of ₹4.96 crore in the previous quarter. This improvement indicates the company's efforts in managing its expenses and potentially increasing its operational efficiency.

Revenue Growth

The company's revenue from operations for Q2 FY2026 was reported at ₹1.49 crore. This represents a substantial increase from the previous quarter's revenue of ₹0.64 crore. The growth in revenue suggests a possible uptick in the company's business activities or improved market conditions.

Half-Yearly Performance

For the six months ended September 30, 2025, Panjon Limited's cumulative revenue from operations reached ₹2.13 crore. The company reported a net loss of ₹3.19 crore for this period, reflecting the combined results of both quarters.

Liquidity Position

As of September 30, 2025, Panjon Limited's cash and cash equivalents stood at ₹0.33 crore, showing a decrease from ₹0.44 crore reported in the previous quarter. This reduction in cash reserves may be attributed to various factors such as operational expenses, investments, or debt servicing.

Corporate Governance

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in a meeting held on November 13, 2025. The company has prepared these results in accordance with Indian Accounting Standards, demonstrating its commitment to maintaining transparency and adhering to regulatory requirements.

Stable Equity Structure

Panjon Limited's paid-up equity share capital remains unchanged at ₹17.19 crore, indicating no recent changes in the company's equity structure.

While Panjon Limited continues to face challenges, as evidenced by the reported losses, the reduction in net loss and increase in revenue suggest that the company may be on a path towards improved financial health. Investors and stakeholders will likely keep a close watch on the company's performance in the coming quarters to assess if this trend of improvement continues.