Board Meeting Details

The Board of Directors meeting was held on Wednesday, May 27th, 2026, commencing at 02:00 PM and concluding at 04:00 PM.

Key Approvals and Outcomes

The Board considered and approved the following items:

1. Audited Standalone Financial Results: Approved the audited standalone financial results along with the Limited Review Report for the quarter and year ended March 31, 2026 (Annexure-I).

2. Certificate of Non-Applicability: Approved a certificate confirming the non-applicability of Regulation 32 of SEBI LODR, as no public issue proceeds were raised during the reporting period (Annexure-II).

3. Auditor Declaration: Approved a declaration pursuant to Regulation 33(3)(d) confirming that the statutory auditors, M/s Asha & Associates, issued an audit report with an unmodified opinion on the audited financial results (Annexure-III).

4. Internal Auditor Appointment: Appointed M/s Chandni Singla & Associates, Chartered Accountants, as the Internal Auditor of the Company for the Financial Year 2026-27 (Annexure-IV).

5. Compliance Certificate: Approved a certificate pursuant to Regulation 33(2) signed by the Managing Director & CFO, confirming the financial results do not contain any false or misleading statements (Annexure-V).

6. Director Appointment: Appointed Mrs. Payal Sharma (DIN: 07190616) as a Non-Executive Independent Director (additional director category) of the Company, effective May 27, 2026 (Annexure-VI).

7. Committee Re-constitution: Re-constituted the Audit Committee, Nomination & Remuneration Committee, and Stakeholder Relationship Committee (Annexure-VII).

Detailed Financial Results (Annexure-I)

The audited standalone financial results for the quarter ended (QE) and year ended (YE) March 31, 2026, are as follows (Amount in ₹ Millions except EPS):

| Particulars | QE 31-Mar-26 (Audited) | QE 31-Dec-25 (Un-Audited) | QE 31-Mar-25 (Audited) | YE 31-Mar-26 (Audited) | YE 31-Mar-25 (Audited) |

| Revenue from operations | - | - | - | - | - |

| Other Income | - | - | 0.04 | - | 0.04 |

| Total Revenue (I+II) | - | - | 0.04 | - | 0.04 |

| Expenses | | | | | |

| Employee benefits expense | 0.14 | 0.32 | 0.19 | 0.28 | 0.46 |

| Other expenses | 0.16 | 0.92 | 0.13 | 0.74 | 5.54 |

| Total Expenses | 0.30 | 1.24 | 0.32 | 1.02 | 6.00 |

| Profit/(Loss) Before Tax (III-IV) | (0.30) | (1.24) | (0.28) | (1.02) | (5.96) |

| Tax Expense (Deferred Tax) | - | - | - | (0.58) | (0.67) |

| Net Profit/(Loss) for the period | (0.30) | (1.24) | (0.28) | (1.60) | (6.63) |

| Paid-up equity share capital (Face value ₹10) | 91.61 | 91.61 | 91.61 | 91.61 | 91.61 |

| Earnings Per Share (₹) (Basic & Diluted) | (0.03) | (0.14) | (0.03) | (0.17) | (0.72) |

Statement of Assets and Liabilities as of March 31 (₹ Millions)

| Particulars | 31.03.2026 (Audited) | 31.03.2025 (Audited) |

| ASSETS | | |

| Property, Plant & Equipment | 9.69 | 9.69 |

| Financial Assets (Loans) | 57.74 | 57.74 |

| Deferred Tax Assets | 1.74 | 2.32 |

| Total Non-current assets | 69.17 | 69.75 |

| Cash and Cash Equivalents | 0.08 | 0.11 |

| Trade Receivable | 54.75 | 54.75 |

| Other Current Assets | 0.53 | 0.53 |

| Total Current assets | 55.36 | 55.39 |

| TOTAL ASSETS | 124.53 | 125.14 |

| EQUITY AND LIABILITIES | | |

| Equity Share Capital | 91.61 | 91.61 |

| Other Equity | (12.26) | (10.66) |

| Total Equity | 79.35 | 80.95 |

| Trade Payables | 28.85 | 27.89 |

| Total Non-current liabilities | 28.85 | 27.89 |

| Other current Liabilities | 16.33 | 16.30 |

| Total Current liabilities | 16.33 | 16.30 |

| TOTAL EQUITY AND LIABILITIES | 124.53 | 125.14 |

Cash Flow Statement for the Year Ended March 31 (₹ Millions)

| Particulars | 31.03.2026 (Audited) | 31.03.2025 (Audited) |

| Net Profit before Taxation | (1.02) | (5.97) |

| Adjustment For (Increase)/decrease in Current Liabilities | 0.99 | 5.86 |

| Cash Generated from Operation | 0.99 | 5.86 |

| NET CASH FROM OPERATING ACTIVITIES (A) | (0.03) | (0.11) |

| NET CASH FROM INVESTING ACTIVITIES (B) | - | - |

| NET CASH FROM FINANCING ACTIVITIES (C) | - | - |

| Net Changes in Cash & Cash Equivalents (A+B+C) | (0.03) | (0.11) |

| Opening balance of Cash & Cash Equivalents | 0.11 | 0.22 |

| Closing Balance of Cash & Cash Equivalents | 0.08 | 0.11 |

Notes to Financial Results

1. The financial results are prepared in accordance with Indian Accounting Standards (Ind-AS).

2. The results were reviewed by the Audit Committee and approved by the Board on May 27, 2026. The auditors' report contains no qualifications.

3. There were no exceptional or extraordinary items for the period.

4. Previous quarter figures have been re-grouped/re-arranged where necessary.

5. No material adjustments were made pertaining to earlier periods.

6. The statement is prepared as per Regulation 33 of SEBI LODR.

7. No business activities were carried out, assets were not put to use, and therefore no provision for depreciation was created.

Annexure-II: Non-Applicability of Regulation 32

The company confirmed that no public issue proceeds were raised from an IPO, FPO, Rights Issue, or Preferential Issue during the quarter or year ended March 31, 2026. Therefore, a statement of deviation under Regulation 32 is not applicable.

Annexure-III: Auditor Declaration

A declaration was made pursuant to Regulation 33(3)(d) confirming that the statutory auditors, M/s Asha & Associates (FRN: 024773N), issued an audit report with an unmodified opinion on the audited financial results.

Annexure-IV: Internal Auditor Appointment

M/s Chandni Singla & Associates, a firm of chartered accountants, was appointed as the Internal Auditor for FY 2026-27. The appointment date is May 27, 2026. The disclosure states there is no relationship between the directors and the audit firm.

Annexure-V: Management Certification

The Managing Director & CFO certified pursuant to Regulation 33(2) that the audited standalone financial results for the quarter and year ended March 31, 2026, do not contain any false or misleading statements or figures and do not omit any material fact.

Annexure-VI: Director Appointment (Mrs. Payal Sharma)

  • Name: Mrs. Payal Sharma
  • DIN: 07190616
  • Date of Appointment: May 27, 2026
  • Category: Non-Executive Independent Director (Additional Director)
  • Profile: A Practicing Company Secretary and Fellow Member of ICSI with over 18 years of experience in secretarial, legal, business advisory, and compliance services. She holds a B.Com and LL.B.
  • Disclosures: No relationships between directors were disclosed. The requirement to list other directorships was noted as not applicable.

Annexure-VII: Committee Re-constitution

The composition of the key board committees was re-constituted as follows:

  • Audit Committee: Mr. Ramanuj Murlinarayan Darak (Chairperson, Independent Director), Mrs. Payal Sharma (Member, Independent Director), Mr. Rohan Mohan Agarwal (Member, Executive Director).
  • Nomination & Remuneration Committee: Mr. Ramanuj Murlinarayan Darak (Chairperson, Independent Director), Mrs. Payal Sharma (Member, Independent Director), Mrs. Anubha Chauhan (Member, Independent Director).
  • Stakeholder Relationship Committee: Mr. Ramanuj Murlinarayan Darak (Chairperson, Independent Director), Mrs. Payal Sharma (Member, Independent Director), Mr. Rohan Mohan Agarwal (Member, Executive Director).

Signatories and Contacts

  • The disclosure was signed by Nidhika Bharti, Company Secretary & Compliance Officer.
  • The financial statements and certificates were signed by Rohan Mohan Agarwal, Managing Director & CFO (DIN: 08592184).
  • The auditor's report was signed by CA Asha Taneja (Membership No. 096107) for Asha & Associates (Firm Regn. No. 024773N).