Board Meeting Details

The Board of Directors meeting was held on Saturday, 30th May, 2026 at the Registered Office in Mumbai. The meeting commenced at 04:30 p.m. and concluded at 5:00 p.m.

Key Business Items Approved

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

2. Accepted the Report of Statutory Auditors with unmodified opinions on the Results

Financial Results Summary (₹ in lakhs)

Quarterly Performance (Q4 FY26)

  • Total Income: ₹9.01
  • Revenue from operations: ₹6.01
  • Other income: ₹3.00
  • Total Expenses: ₹43.70
  • Employee benefits expense: ₹3.18
  • Finance costs: ₹2.31
  • Depreciation and amortization: ₹7.94
  • Other expenses: ₹30.27
  • Loss before tax: ₹(34.69)
  • Tax expense: ₹(1.85) (Current tax)
  • Loss after tax: ₹(32.84)
  • Earnings per share (Basic & Diluted): ₹(0.03)

Annual Performance (FY26)

  • Total Income: ₹43.71
  • Revenue from operations: ₹37.94
  • Other income: ₹5.78
  • Total Expenses: ₹71.06
  • Purchase of stock in trade: ₹1.50
  • Employee benefits expense: ₹9.40
  • Finance costs: ₹2.31
  • Depreciation and amortization: ₹15.46
  • Other expenses: ₹42.38
  • Loss before tax: ₹(27.34)
  • Tax expense: Nil
  • Loss after tax: ₹(27.34)
  • Earnings per share (Basic & Diluted): ₹(0.03)

Comparative Figures (FY25)

  • Total Income: ₹56.10
  • Profit after tax: ₹0.82
  • EPS: ₹0.01

Balance Sheet Position (as at 31st March, 2026)

  • Total Assets: ₹216.75 lakh
  • Non-current assets: ₹78.41 lakh
  • Current assets: ₹138.34 lakh
  • Equity: Negative ₹19.00 lakh
  • Equity share capital: ₹959.40 lakh (face value ₹1 per share)
  • Other equity: Negative ₹978.40 lakh
  • Liabilities: ₹235.75 lakh
  • Non-current liabilities: ₹49.22 lakh (Borrowings)
  • Current liabilities: ₹186.53 lakh
  • Borrowings: ₹40.65 lakh
  • Trade payables: ₹140.97 lakh
  • Other financial liabilities: ₹4.91 lakh

Cash Flow Statement (FY26)

  • Net cash used in operating activities: ₹(39.40) lakh
  • Net cash used in investing activities: ₹(0.58) lakh
  • Net cash from financing activities: ₹40.12 lakh
  • Cash and cash equivalents at year-end: ₹0.57 lakh

Significant Accounting Note

The Company impaired an investment of ₹30,00,000 in a company that was struck off during 2014, booking the loss in the current year.

Management Declaration

Mahendra Pandey, Managing Director (DIN: 00157790), submitted declaration of unmodified opinion from statutory auditors as required under Regulation 33(3)(d) of SEBI Listing Regulations.