The Board approved the following items:
1. Unaudited Financial Results for Q2 and H1 FY27
The Board approved the unaudited financial results for the quarter and half year ended September 30, 2026. The financial results show:
Income Statement (₹ in Lacs):
- Quarter Ended Sep 30, 2026: Total Income of ₹0.75, Total Expenses of ₹3.65, resulting in Loss Before Tax of ₹(2.90)
- Quarter Ended Jun 30, 2026: Total Income of ₹0.90, Total Expenses of ₹3.99, resulting in Loss Before Tax of ₹(3.09)
- Quarter Ended Sep 30, 2025: Loss Before Tax of ₹(2.94)
- Half Year Ended Sep 30, 2026: Total Income of ₹1.65, Total Expenses of ₹7.64, resulting in Loss Before Tax of ₹(5.99)
- Half Year Ended Sep 30, 2025: Loss Before Tax of ₹(4.29)
- Year Ended Mar 31, 2026: Loss Before Tax of ₹(14.50)
Earnings Per Share (₹):
- Basic EPS for Q2 FY27: (0.13)
- Basic EPS for Q1 FY27: (0.14)
- Basic EPS for Q2 FY26: (0.13)
- Basic EPS for H1 FY27: (0.27)
- Basic EPS for H1 FY26: (0.19)
- Basic EPS for FY26: (0.66)
Balance Sheet (₹ in Lacs) as at Sep 30, 2026:
- Non-Current Assets: ₹10.26 (Property, Plant and Equipment: ₹9,081.18)
- Current Assets: ₹23.27 (Cash and cash equivalents: ₹6.43, Other bank balances: ₹0.06, Other Current Assets: ₹15.13, Current Tax Assets: ₹1.65)
- Total Assets: ₹33.53
- Equity: Paid-up equity share capital: ₹220.84, Reserves: ₹(1,526.16)
Notes to Financial Results:
1. Prepared in accordance with Indian Accounting Standards (Ind AS)
2. Reviewed by Audit Committee and approved by Board on October 21, 2026
3. Statutory auditors conducted limited review pursuant to Regulation 33 of SEBI LODR
4. Company's plant is currently not in operation
5. Previous quarter/year figures regrouped/restated where necessary
2. Director Appointments
Mr. Deepak Uphale: Appointed as Additional Director in the capacity of Non-Executive Independent Director for a term of five consecutive years with effect from date of allotment of DIN, subject to shareholder approval. Profile: B.COM with experience as a property advisor. Not related to any Director or Key Managerial Personnel. Not debarred from holding director office.
Mr. Vibheeshana Rao Busurothu (DIN: 09435439): Re-appointed as Non-Executive Independent Director for a second term of five consecutive years from December 14, 2026 to December 13, 2031, subject to shareholder approval. Profile: B.COM with experience in account field for more than 10 years. Not related to any Director or Key Managerial Personnel. Not debarred from holding director office.
Auditor Review
Bhogilal C. Shah & Co., Chartered Accountants (Firm Regn. No. 101424W) conducted a limited review of the financial results pursuant to Regulation 33 of SEBI LODR. Based on their review, nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.