63 Moons Q1 Net Loss ₹4.76 Crore on NSEL Write-off

The Board of Directors meeting was held on August 12, 2026, commencing at 2:30 PM and concluding at 4:00 PM. The meeting approved:

Unaudited Financial Results (Standalone and Consolidated) along with Limited Review Report for quarter ended June 30, 2026
Notice for the 38th Annual General Meeting scheduled for September 23, 2026

Quarter Ended June 30, 2026:

Revenue from Operations: ₹3,611.90
Other Income: ₹3,501.08
Total Income: ₹7,112.98
Total Expenses: ₹5,212.36
Profit before Exceptional Items: ₹1,900.62
Exceptional Items: ₹(1,500.00) [Investment in subsidiary written off/expected credit loss]
Profit before Tax: ₹400.62
Tax Expense: ₹85.74
Net Profit from Continuing Operations: ₹314.88
Total Comprehensive Income: ₹318.42
EPS: ₹0.68 (Face Value ₹2 per share)

Comparative Figures:

Quarter Ended June 30, 2026:

Standalone Exceptional Items:

Investment in subsidiary written off/expected credit loss: ₹(1,500.00) in Q1 FY27
Similar write-offs of ₹(750.00) in Q1 FY26 and ₹(3,000.00) in FY26

Consolidated Exceptional Items:

Board approved participation in Scheme of Arrangement between NSEL and specified creditors on February 18, 2025
Settlement amount of ₹1,950 crore to settle claims of approximately ₹4,610 crore from 5,682 creditors
Scheme approved by 92.81% creditors by number and 91.35% by value
NCLT sanctioned scheme on November 28, 2025; NCLAT and Supreme Court dismissed challenges
Company taking steps to implement the scheme

Bombay High Court interim order restricts dividend distribution pending disposal of Notice of Motion
Aggregating ₹9,307.86 lakhs of unpaid dividends from FY2014-15, 2016-17 to 2020-21, 2022-23 to 2024-25
Board proposed final dividend of ₹2 per share for FY2025-26, subject to approvals

1. Civil Suits: Multiple suits in Bombay High Court related to NSEL payment default

2. FIR/EOW: Economic Offences Wing investigation and chargesheets

3. CBI: Charge-sheets filed based on complaints from PEC Ltd & MMTC Ltd

4. ED: Assets attached under PMLA; prosecution complaint filed

5. SFIO: Complaint filed under IPC and Companies Act; proceedings stayed

6. MPID Act: State government attached company assets; applications for release pending

Investment of ₹30,000 lakhs in Yes Bank Perpetual AT-1 Bonds
₹10,000 lakhs impaired and written off in earlier years as exceptional item
Bombay High Court quashed administrator's write-down decision; matter reserved for order in Supreme Court

Investment of ₹20,000 lakhs in IL&FS Transportation Networks Ltd NCDs
₹13,557.10 lakhs impaired till March 31, 2025
Received interim distribution of ₹7,228.49 lakhs total; carrying amount ₹870.06 lakhs

Statutory auditors issued qualified conclusions on both standalone and consolidated results due to:

Ongoing NSEL-related legal matters at various stages of adjudication/investigation
Uncertainty regarding outcome of multiple cases with EOW, CBI, ED, SFIO, and courts
Inability to comment on consequential impact on financial results

Consolidated results include financials of multiple subsidiaries:

Reviewed by auditors: 3 domestic subsidiaries with revenue ₹11,598.70 lakhs, net loss ₹(5,022.25) lakhs
Management certified: 4 domestic subsidiaries, 4 foreign subsidiaries, 1 associate with net loss ₹(387) lakhs

Proposed final dividend of ₹2 per share for FY2025-26, subject to:

38th Annual General Meeting scheduled for Wednesday, September 23, 2026, through Video Conferencing/Other Audio-Visual means.