Key Decisions Approved

1. Audited Financial Results (Consolidated and Standalone) for the quarter and financial year ended March 31, 2026

2. Appointment of DPNC Global as Internal Auditor for the financial year 2026-27

Meeting Details

The Board meeting commenced at 03:00 PM and concluded at 05:35 PM on May 29, 2026.

Financial Results - Standalone (₹ in lakhs)

Quarterly Performance

  • Q4 FY26: Profit of ₹51.25 lakh (Q4 FY25: Loss of ₹223.96 lakh)
  • Q3 FY26: Loss of ₹365.59 lakh
  • Q2 FY26: Loss of ₹117.71 lakh

Annual Performance FY26

  • Total Income: ₹666.04 lakh (FY25: ₹794.62 lakh)
  • Net Loss: ₹267.13 lakh (FY25: Profit of ₹171.89 lakh)
  • EPS: Negative ₹0.87 (FY25: Positive ₹0.56)

Revenue Breakdown FY26

  • Interest Income: ₹464.73 lakh
  • Sale of Property: ₹117.00 lakh
  • Others: ₹84.31 lakh

Expenses FY26

  • Finance Costs: ₹34.64 lakh
  • Impairment on financial instruments: ₹170.80 lakh
  • Employee Benefits: ₹13.66 lakh
  • Others: ₹598.11 lakh

Financial Results - Consolidated (₹ in lakhs)

Quarterly Performance

  • Q4 FY26: Profit of ₹235.44 lakh (Q4 FY25: Loss of ₹55.63 lakh)
  • Q3 FY26: Loss of ₹303.07 lakh

Annual Performance FY26

  • Total Income: ₹1,153.76 lakh (FY25: ₹1,091.54 lakh)
  • Profit before tax: ₹223.50 lakh (FY25: ₹451.21 lakh)
  • Profit for the year: ₹142.80 lakh (FY25: ₹354.54 lakh)
  • EPS: ₹0.55 (FY25: ₹1.38)

Consolidated Revenue Breakdown FY26

  • Interest Income: ₹789.72 lakh
  • Sale of Property: ₹117.00 lakh
  • Other Income: ₹247.04 lakh

Segment-wise Performance (Standalone)

NBFC Business FY26

  • Revenue: ₹464.73 lakh
  • Segment Loss: ₹317.99 lakh
  • Assets: ₹4,519.97 lakh

Property/Share Trading FY26

  • Revenue: ₹117.00 lakh
  • Segment Profit: ₹1.20 lakh
  • Assets: ₹1,977.93 lakh

Income Tax Matters

Provisional Attachment

  • Inventory valued at ₹543.92 lakh provisionally attached by Income Tax Department in FY 2023-24 under Section 132(9B)
  • ₹115.80 lakh of inventory released against bank guarantee
  • Company restricted from transferring or creating charge on remaining attached inventory

Demand Notices Received

  • Assessment Year 2014-15: ₹206.45 lakh
  • Assessment Year 2017-18: ₹3,346.37 lakh
  • Assessment Year 2018-19: ₹2,032.61 lakh
  • Assessment Year 2019-20: ₹2,378.17 lakh
  • Assessment Year 2023-24: ₹734.89 lakh (including ₹174.89 lakh from previous year)
  • Assessment Year 2024-25: ₹98.02 lakh
  • Total demands: ₹8,856.51 lakh

Subsidiary Demand Notice

  • Ojas Suppliers Limited received demand of ₹1,343.94 lakh for AY 2017-18

Status of Demands

All demands challenged before Commissioner of Income Tax (Appeals). Company believes demands are not sustainable on merits.

Labour Code Implementation

  • New Labour Codes effective from November 21, 2025
  • Central Rules notified subsequent to year-end
  • State Rules and operational clarifications pending
  • No impact on FY26 financial results
  • Company will monitor notifications and evaluate impact in future periods

Auditor Information

  • Statutory Auditor: M/s H.N. Pradhan & Co. (FRN: 002208N)
  • Audit Report with unmodified opinion
  • Emphasis of Matter regarding income tax demands and provisional attachment

Internal Auditor Appointment

  • DPNC Global appointed as Internal Auditor for FY 2026-27
  • Profile: Multi-disciplinary consulting firm serving HNIs, UHNIs and corporates

Capital Structure

  • Paid-up equity share capital: ₹2,574.40 lakh (face value ₹10 per share)
  • Standalone other equity: ₹4,239.43 lakh
  • Consolidated other equity: ₹10,650.85 lakh

Cash Flow Highlights (Standalone)

  • Net cash from operating activities: ₹250.41 lakh
  • Net cash used in investing activities: ₹0
  • Net cash used in financing activities: ₹(109.30) lakh
  • Cash and cash equivalents at year-end: ₹152.45 lakh

Additional Information

  • Company classified as base layer NBFC
  • Figures for quarters are balancing figures between audited annual and unaudited quarterly figures