Key Quantitative Figures

  • Revenue from Operations: ₹1,380.25 lakh (Q1 FY26) vs ₹1,561.22 lakh (Q1 FY25)
  • Total Income: ₹1,398.37 lakh (Q1 FY26) vs ₹1,580.00 lakh (Q1 FY25)
  • Net Loss: ₹128.51 lakh (Q1 FY26) vs ₹351.66 lakh (Q1 FY25)
  • Basic and Diluted EPS: -₹0.08 (Q1 FY26) vs -₹0.22 (Q1 FY25)
  • Paid-up Equity Share Capital: ₹1,602.74 lakh (face value ₹10 each)
  • Accumulated Losses: ₹16,375.79 lakh as of June 30, 2025

Dates of Action

  • CIRP initiation date: August 3, 2023 (NCLT order dated July 28, 2023)
  • Board meeting date: September 11, 2026 (2:00 PM to 3:50 PM)
  • Quarter ended: June 30, 2025

Parties Involved

  • Resolution Professional: Mr. Deepak Maini (IBBI/IPA-001/IP-P00676/2017-2018/11149)
  • Financial Creditor: Canara Bank
  • Regulatory Authority: Hon'ble National Company Law Tribunal, Delhi Bench
  • Auditors: Kumar Pramod & Associates

Financial and Operational Impact

  • The company continues to operate under CIRP with board powers suspended
  • Accumulated losses have completely eroded the net worth of the company
  • The going concern assumption is significantly challenged due to continuous losses

Auditor's Limited Review Report

Kumar Pramod & Associates conducted a limited review and issued significant qualifications:

  • Financial statements not prepared in accordance with Ind AS 34
  • Fixed assets register not available - values taken at book value from previous years
  • Inventory quantitative details not available - values taken at book value from previous years
  • Bank confirmations, investment confirmations, and loan account reconciliations not available
  • Tax matters (Income Tax, TDS, GST) contingent liabilities cannot be ascertained
  • Pending litigations not independently verified
  • Unable to obtain sufficient appropriate audit evidence due to the CIRP status

The auditors do not express an opinion on the financial statements due to these limitations.

Additional Notes

  • No separate reporting segments as per Ind-AS 108
  • Figures rounded to nearest rupees in lakhs
  • Previous period figures regrouped/reclassified where necessary
  • Results available on company website (www.cmilimited.in) and stock exchanges