Board Meeting Details

The Board Meeting was held on Saturday, August 8, 2026, from 4:00 PM to 5:00 PM at the registered office in Mumbai.

Key Resolutions Approved

1. Unaudited Standalone Financial Results: Approved the unaudited standalone financial results for the quarter ended June 30, 2026, along with the Limited Review Report from statutory auditors Lipika and Associates.

2. Director Appointment/Regularization: Approved the appointment/regularization of Mrs. Kattakota Satyabati Devi (DIN: 11586438) as Director (Non-Executive) subject to shareholder approval in the ensuing Annual General Meeting.

3. Director Resignation and Designation Change: Noted the resignation of Mrs. Kattakota Satyabati Devi from the post of Whole-Time Director effective closing of business hours on August 8, 2026, and change in her designation to Non-Executive Director.

4. Registered Office Shift: Deferred the decision on shifting the registered office from one state to another for business purposes.

5. Capital Reduction: Approved reduction of share capital by 99% due to accumulated business losses, subject to shareholder approval in the ensuing AGM. Key details:

  • Accumulated losses as of March 31, 2026: ₹12,95,40,119
  • Proposed reduction of 99% of fully paid-up share capital and 14,700 partly paid-up shares
  • Security Premium: ₹4,32,85,000
  • General Reserves: ₹1,23,18,111
  • Capital Reserves: ₹26,94,600
  • Post-reduction capital: 59,360 fully paid-up equity shares of ₹10 each aggregating ₹5,93,600
  • Losses will be set off against company capital

6. Regulatory Compliance: Approved making necessary applications to stock exchanges under Regulation 37 of SEBI (LODR) Regulations, 2015 if necessary.

7. Auditor Certificate: Approved the auditor certificate received from M/s Lipika & Associates for the purpose of reduction of share capital.

8. Valuation Report: Approved the valuation report received from Mr. Bhavesh Rathod, IBBI Registered Valuer (IBBI/RV/06/2019/10708) dated August 8, 2026.

9. Board Report and MD&A: Approved the Board's Report with Annexure and Management Discussion and Analysis for the 45th Annual General Meeting.

10. AGM Notice: Approved the notice convening the 45th Annual General Meeting scheduled for Friday, September 11, 2026, at 3:00 PM through Video Conferencing or Other Audio Visual Means.

11. Share Transfer Book Closure: The Register of Beneficial Owners/Register of Members and Share Transfer Books will remain closed from September 5, 2026, to September 11, 2026 (both days inclusive). Cut-off date for determining members eligible to vote: September 4, 2026. E-voting facility will be provided through CDSL platform.

12. Scrutinizer Appointment: Appointed Mr. Suprabhat Chakraborty from M/s. Suprabhat & Co., Practicing Company Secretaries, Kolkata (Membership No.: A41030, Certificate of Practice No.: 15878) as Scrutinizer for e-voting.

Financial Results for Quarter Ended June 30, 2026

  • Revenue from operations: ₹0
  • Other Income: ₹0
  • Total Income: ₹0
  • Employee benefits expense: ₹0.40 lakh
  • Other expenses: ₹3.05 lakh
  • Total Expenses: ₹3.45 lakh
  • Loss before tax: ₹3.45 lakh
  • Tax expense: ₹0
  • Loss for the period: ₹3.45 lakh
  • Total Comprehensive Income: ₹(3.45) lakh
  • Paid-up Equity Share Capital: ₹593.60 lakh (Face Value ₹10 per share)
  • Basic EPS: (₹0.06)
  • Diluted EPS: (₹0.06)

Investor Complaints

  • Received during quarter: 1
  • Disposed of during quarter: 1
  • Remaining unresolved: NIL

Director Profile (Mrs. Kattakota Satyabati Devi)

  • Bachelor's degree with expertise in management field
  • No relationship with other directors on board
  • Originally appointed as additional director on March 6, 2026
  • Resigned due to personal reasons and other professional engagements