Financial Results Highlights (Rs. in Thousands)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹0
  • Other Income: ₹0.80
  • Total Revenue: ₹0.80
  • Total Expenses: ₹7,766.47
  • Profit before tax: (₹7,765.67)
  • Tax Expenses: Deferred tax credit of ₹33.88
  • Net Loss for the period: (₹7,731.79)
  • Basic EPS: (₹1.24)
  • Diluted EPS: (₹1.24)

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹1,52,079.90
  • Other Income: ₹26,925.67
  • Total Revenue: ₹1,79,005.57
  • Total Expenses: ₹1,67,355.41
  • Profit before tax: ₹11,650.16
  • Tax Expenses: Deferred tax credit of ₹33.50
  • Net Profit for the period: ₹11,683.66
  • Basic EPS: ₹1.88
  • Diluted EPS: ₹1.88

Comparative Figures (Quarter Ended September 30, 2025):

  • Revenue from operations: ₹0
  • Other Income: ₹8,814.46
  • Total Revenue: ₹8,814.46
  • Total Expenses: ₹7,507.23
  • Profit before tax: ₹1,307.23
  • Net Profit for the period: ₹1,304.93
  • Basic EPS: ₹0.21
  • Diluted EPS: ₹0.21

Segment Information

The company operates in two segments:

1. Mining and Trading of Bullion & Precious Metals

2. Real Estate & Infrastructure Development

Half Year Ended September 30, 2026:

  • Mining and Trading segment revenue: ₹1,52,079.90 thousand
  • Real Estate segment result: ₹10.00 thousand profit before tax and interest
  • Unallocated segment result: (₹1,365.69) thousand loss

Assets and Liabilities Position as at September 30, 2026

  • Total Assets: ₹7,62,846.40 thousand
  • Total Equity: ₹3,34,871.70 thousand
  • Paid-up Equity Share Capital: ₹62,257.50 thousand (Face Value ₹10 each)
  • Non-current liabilities: ₹3,24,275.20 thousand
  • Current liabilities: ₹1,03,699.50 thousand

Auditor's Qualified Review Report

Piyush J. Shah & Co., Chartered Accountants, issued a limited review report with qualified conclusion citing three main issues:

1. Accounting on Borrowings and Interest/Other Outstanding Liabilities:

  • Company obtained an unsecured loan of ₹3.51 lakh from a related party with no interest recognized
  • Outstanding liabilities of ₹758.99 lakh payable to three parties, with two undergoing Corporate Insolvency Resolution Process (CIRP) and one non-traceable
  • No interest recognized on these balances

2. Non-Receipt of Balance Confirmations:

  • Outstanding balances of ₹758.99 lakh lack balance confirmations and complete supporting reconciliations
  • Two parties under CIRP, one non-traceable
  • No claims or communications received from these parties

3. Non-Charging of Interest on Loans Granted:

  • Company granted short-term loans and advances without charging interest
  • Interest-free loan granted in contravention of Section 186(7) of Companies Act, 2013

Additional Notes

  • The financial results include a Fair Value Measurement Gain on Loans amounting to ₹26,922.95 thousand recognized under 'Other Income' in accordance with Ind AS 109
  • Interest Expense primarily attributable to present value effect/effective interest rate impact
  • Figures prepared in accordance with Indian Accounting Standards (Ind AS)
  • Results reviewed by Audit Committee and approved by Board of Directors

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net cash used in operating activities: (₹45,890.00) thousand
  • Net cash from investing activities: ₹41,000.00 thousand
  • Cash and cash equivalents at end of period: ₹1,378.47 thousand