Durlax Top Surface Limited Reports Quarterly Results, Confirms Zero Deviation in Proceeds Utilization
Durlax Top Surface Limited released its quarterly unaudited standalone financial results and confirmed the status of proceeds related to various capital raising initiatives. The company's Board of Directors held a meeting on August 14, 2026, reviewing the performance for the quarter ended June 30, 2026.The results were reviewed by the Audit Committee. Furthermore, the management confirmed that there are no deviations or variations in the use of proceeds from both the Rights Issue dated February 9, 2026 (and its Addendum dated February 16, 2026) and the Preferential Issue of Warrants dated June 18, 2026.
Financial Performance Highlights
The company's unaudited standalone financial results for the quarter ending June 30, 2026, show key performance indicators compared to previous periods.| Particulars | Q Ended 30.06.2026 (Unaudited) | Q Ended 31.03.2026 (Audited) | Q Ended 30.06.2025 (Unaudited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operation | 5,390 | 7,681 | 2,958.68 | 18,455.35 |
| Other Income | 334.43 | 213.08 | - | - |
| Total Revenue | 5,724.43 | 7,894.26 | 2,961.99 | 18,687.53 |
| Cost of Materials Consumed | 5,425.41 | 4,816.87 | 2,603.86 | 14,446.76 |
| Changes in Inventories | 562.03 | 110.00 | 218.24 | 265.24 |
| Employee Benefit Expenses | 172.65 | 94.00 | 49.48 | 358.57 |
| Finance Costs | 128.04 | 118.75 | 103.46 | 54.00 |
| Depreciation and Amortization Expenses | 106.40 | 69.75 | 61.36 | 246.49 |
| Other Expenses | 291.11 | 493.83 | 181.93 | 113.00 |
| Profit/Loss Before Exceptional Items, Prior Period & Tax | 371.93 | 1,172.85 | 180.14 | 1,780.78 |
Corporate Financing Updates and Utilization
The company confirmed several key financial activities involving capital markets and fund utilization across different issues.Preferential Issue of Warrants
During the quarter ended June 30, 2026, Durlax Top Surface Limited allotted 103,15,790 Fully Convertible Warrants on a preferential basis at an issue price of 247.50 per warrant. This allotment aggregated to 24,900.00 lakhs. The company received 25% of the issue price, totaling 21,225.00 lakhs, at the time of allotment. The balance 75% is payable upon exercise or conversion into equity shares from the date of allotment. As of June 30, 2026, these warrants have not been converted into equity shares; the amount received was recorded as "Money Received Against Share Warrants."Rights Issue Proceeds
In previous years, the company completed a Rights Issue of 1,23,04,497 fully paid-up equity shares with a face value of Rs 210/- each at an issue price of Rs 240/- per share (including a securities premium of Rs 230/- per share), raising 249.22 Crores on the rights basis during March 2026.The utilization of funds raised through this Rights Issue, reported in lakhs, is detailed below:
| Purpose | Amount to be Utilised Upto June | Unutilised Balance |
|---|---|---|
| Capital Expenditure for New Machinery and Civil and Mechanical works | 1,300.00 | Nil |
| Working Capital | 120,000.00 | - |
| Launch of TRUDO® Aasa Premium Collection | 55,000.00 | B |
| General Corporate Purposes | 12180.00 | B |
| Issue Expenses | 350.00 | B |
Funds Utilization for Offerings
Regarding a specific fund raising through an offer (mode and date are not specified), the company confirmed that all funds utilized correspond to the objects raised, with no deviations noted across various investment categories:| Original Object | Original Allocation (Rs. Lakhs) | Funds Utilized Till June 2026 (Rs. Lakhs) | Deviation/Variation for the Quarter |
|---|---|---|---|
| To acquire and invest in Sanitaryware Business | 1,450 | 19 | Nil |
| To invest in Launching of new Product (DLZINC) | 1,650 | Nil | Nil |
| To Expand and deepen existing Product line (TRUDO - ASA Laminates) | 1,450 | Nil | Nil |
DURLAX Stock Price Movement
Durlax Top Surface Limited shares surged in the post-market session, settling at ₹67.95 today after climbing sharply by 11.67%. The stock closed off a volatile day having traded 682,000 shares and trading within an intraday range defined by a low of ₹59.45 and a high of ₹72.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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