Photoquip India Reports Q2 FY2026 Results: Significant Changes in Borrowings and Cash Position

Photoquip India Limited , a company known for its photographic and imaging equipment, has released its unaudited financial results for the second quarter and six months ended September 30, 2025. The results, approved by the Board of Directors on November 12, 2025, reveal notable changes in the company's financial position.

Key Financial Highlights

Cash Position: The company's cash and cash equivalents saw a significant decrease, dropping from Rs. 40.96 lakhs in March 2025 to Rs. 19.02 lakhs in September 2025, representing a reduction of over 53%.
Borrowings:
- Non-current borrowings increased substantially from Rs. 467.86 lakhs to Rs. 785.37 lakhs, a rise of about 68%.
- Current borrowings, however, decreased from Rs. 414.68 lakhs to Rs. 88.11 lakhs, a reduction of approximately 79%.
Equity: The equity share capital remained stable at Rs. 600.08 lakhs.

Balance Sheet Overview

To provide a clearer picture of Photoquip India's financial position, here's a snapshot of key balance sheet items:

Balance Sheet Item	March 2025 (Rs. Crore)	March 2024 (Rs. Crore)	YoY Change
Current Assets	7.60	9.60	-20.83%
Fixed Assets	9.00	8.80	2.27%
Total Assets	19.30	21.10	-8.53%
Current Liabilities	6.30	7.90	-20.25%
Non-Current Liabilities	4.90	5.60	-12.50%
Total Equity	8.00	7.70	3.90%

Audit and Review Process

The financial results underwent a thorough review process:

The Audit Committee reviewed the results.
Statutory auditors, FP Associates, provided a limited review report.

This financial update offers insights into Photoquip India's current financial standing, highlighting significant changes in its borrowing structure and cash position. The increase in non-current borrowings alongside a decrease in current borrowings suggests a shift in the company's debt profile, potentially indicating a focus on long-term financial planning.

Investors and stakeholders may want to keep a close eye on how these changes in borrowings and cash position impact the company's operations and financial strategy in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+12.62%	+5.86%	-8.04%	-22.04%	-33.48%	+85.32%

Photoquip India Limited , a company listed on the Bombay Stock Exchange (BSE: 526588), recently held its 33rd Annual General Meeting (AGM) and made significant appointments to strengthen its corporate governance structure. The shareholders approved two key appointments during their meeting on September 30, demonstrating the company's commitment to enhancing its leadership and compliance capabilities.

New Independent Director Appointed

Mr. Bharat Karsandas Thakkar has been appointed as an Additional Non-Executive Independent Director for a five-year term. With over a decade of business experience, Thakkar's appointment is expected to bring valuable insights to Photoquip India's board. His extensive background aligns with the company's goal of maintaining a diverse and experienced leadership team.

Secretarial Auditor Engaged for Extended Term

The shareholders approved the engagement of M/s. HRU & Associates as the company's Secretarial Auditor for a five-year period. This term will extend until the Annual General Meeting in the financial year 2030-31. HRU & Associates, a practicing company secretary firm registered with the Institute of Company Secretaries of India (ICSI) under COP No: 20259, brings significant expertise in secretarial and legal compliances. Their experience spans various regulatory areas, including matters related to the Companies Act, SEBI regulations, and stock exchange requirements.

33rd AGM Proceedings

The 33rd AGM of Photoquip India Limited was held on September 30, at the company's premises in Mumbai. The meeting, which began at 9:30 AM and concluded at 10:00 AM, addressed several important matters:

Adoption of financial statements for the year ended March 31
Re-appointment of Mr. Dhaval J Soni (DIN: 00751362) as a director
Regularization of Mr. Bharat K Thakkar as a non-executive independent director
Appointment of HRU & Associates as Secretarial Auditor

The company provided e-voting facilities through the National Securities Depository Limited (NSDL) platform to ensure shareholder participation. M/s. HRU & Associates was appointed as the scrutinizer for the remote e-voting process.

Management's Address

During the AGM, Mr. Pulin Soni, Executive Director of Photoquip India, delivered a welcome speech to the shareholders. He provided insights into the company's business activities, operations, and financial performance. The management also addressed queries raised by shareholders during the meeting.

Compliance and Transparency

In line with regulatory requirements, Photoquip India has announced that the voting results from the AGM, along with the Scrutinizer's Report, will be disclosed within 48 hours at the company's registered office and on its website ( www.photoquip.com ). The results will also be communicated to the BSE Limited, ensuring transparency and compliance with listing obligations.

These developments at Photoquip India Limited reflect the company's focus on maintaining strong corporate governance practices and engaging with its shareholders. The new appointments and the successful conduct of the AGM demonstrate the company's commitment to transparency, compliance, and strategic growth.