Key Quantitative Figures

  • Revenue from Operations: ₹0.00 lakhs (FY25: ₹23.90 lakhs)
  • Other Income: ₹0.02 lakhs (FY25: ₹0.13 lakhs)
  • Total Income: ₹0.02 lakhs (FY25: ₹24.03 lakhs)
  • Total Expenses: ₹16.69 lakhs (FY25: ₹32.20 lakhs)
  • Profit/(Loss) Before Tax (EBT): (₹16.67) lakhs (FY25: (₹8.17) lakhs)
  • Provision for Income Tax (Deferred): (₹4.17) lakhs (FY25: (₹13.52) lakhs)
  • Net Profit/(Loss) After Tax: (₹12.50) lakhs (FY25: ₹5.35 lakhs)
  • Basic Earnings Per Share (EPS): (₹1.42) (FY25: ₹0.61)
  • Authorised Share Capital: ₹90.00 lakhs (9,00,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹88.04 lakhs (8,80,400 equity shares of ₹10 each)
  • Total Reserves and Surplus: ₹125.82 lakhs (FY25: ₹138.32 lakhs)
  • Cash and Cash Equivalents: ₹11.11 lakhs (FY25: ₹8.49 lakhs)
  • Short-Term Borrowings (Unsecured, from Related Party): ₹5.40 lakhs
  • Trade Receivables: ₹28.19 lakhs (FY25: ₹36.55 lakhs)
  • Deferred Tax Assets (Net): ₹16.97 lakhs (FY25: ₹12.80 lakhs)

Dates of Action

  • AGM Date: June 30, 2026 (to be held through VC/OAVM)
  • Record Date (Cut-off) for AGM: June 23, 2026
  • Remote E-Voting Period: June 26, 2026 (9:00 AM) to June 29, 2026 (5:00 PM)
  • Board Meeting Dates during FY26: May 29, 2025; August 18, 2025; September 03, 2025; September 04, 2025; November 14, 2025; January 22, 2026; March 30, 2026
  • Director Change: Mr. Rajnish Pathak resigned (July 31, 2025); Mr. Gautam Verma appointed (August 18, 2025)
  • Auditor Change: M/s. Piyush Kothari & Associates resigned; M/s. Shubham D Jain & Co. appointed (March 30, 2026)
  • Registered Office Change: Effective September 3, 2025 (to A1039 & 1040, Money Plant High Street, Jagatpur Road, Near Ganesh Glory-11, Ahmedabad)

Parties Involved

  • Stock Exchange: Bombay Stock Exchange Limited (BSE)
  • Statutory Auditor: M/s. Shubham D Jain & Co., Chartered Accountants (FRN: 034807C)
  • Secretarial Auditor: M/s. SSN & Associates (Shweta Nagpal)
  • Registrar & Share Transfer Agent (RTA): KFin Technologies Limited
  • Banker: Kotak Mahindra Bank Limited
  • Scrutinizer for E-Voting: Ms. Shweta Nagpal of M/s. SSN & Associates
  • E-Voting Service Provider: National Securities Depository Limited (NSDL)

Stated Rationale and Purpose

The disclosure is made to comply with Regulation 34(1) of the SEBI LODR Regulations, 2015. The Annual Report is being submitted for the financial year and will be placed before shareholders for adoption at the 11th AGM.

The appointment of a new statutory auditor is proposed to fill the casual vacancy caused by the resignation of the previous auditor, M/s. Piyush Kothari & Associates.

Financial and Operational Impact (as disclosed)

  • The company reported a net loss of ₹12.50 lakhs for FY26, a significant decline from a net profit of ₹5.35 lakhs in FY25.
  • Revenue from operations fell to zero from ₹23.90 lakhs in the previous year.
  • The company states it operates in the immersive technology industry (AR/VR/360° content) but had no change in business operations during the year.
  • The Board does not recommend any dividend for the year to conserve resources.
  • The company had one employee as of March 31, 2026.
  • One shareholder complaint was received and resolved during the year; no complaints were pending as of March 31, 2026.

Capital Structure Impact

No changes in share capital were reported during the financial year. The authorised share capital remains ₹90.00 lakhs, and the paid-up share capital is ₹88.04 lakhs.

Cash Flow Implications

  • Net cash flow from operating activities: ₹2.78 lakhs
  • Net cash flow used in investing activities: ₹0.00
  • Net cash flow from financing activities: (₹0.16) lakhs
  • Net increase in cash and cash equivalents: ₹2.62 lakhs

Corporate Governance and Committee Details

  • Board of Directors: Mr. Roshan Kumar Rawal (Managing Director & CFO), Ms. Priti Rajubhai Jadav (Non-Executive Director), Mr. Ashish Agarwal (Independent Director), Mr. Tulsiram Rawal (Non-Executive Director), Mr. Gautam Verma (Independent Director)
  • Key Managerial Personnel (KMP): Mr. Roshan Kumar Rawal (Managing Director & CFO), Ms. Supriya Kabra (Company Secretary & Compliance Officer)
  • Audit Committee: Mr. Ashish Agrawal (Chairman), Mr. Gautam Verma (Member), Mr. Roshan Rawal (Member) - Met 3 times
  • Stakeholder's Relationship Committee: Ms. Priti Jadav (Chairperson), Mr. Ashish Agrawal (Member), Mr. Gautam Verma (Member) - Met 1 time
  • Nomination & Remuneration Committee: Mr. Gautam Verma (Chairman), Mr. Ashish Agrawal (Member), Ms. Priti Jadav (Member) - Met 1 time

Other Material Disclosures

  • The company has adopted various policies including a Risk Management Policy, Vigil Mechanism/Whistle Blower Policy, and Related Party Transaction Policy, all available on its website.
  • No fraud was reported by the auditors under Section 143(12) of the Companies Act, 2013.
  • The company confirms it has not accepted any deposits under the Companies Act, 2013.
  • All related party transactions were reported to be on an arm's length basis and in the ordinary course of business.
  • The company has not transferred any amount to the Investor Education and Protection Fund (IEPF).
  • No significant or material orders were passed by regulators or courts impacting the going concern status.