Key Financial Results (Quarter Ended September 30, 2026)

  • Total Income: ₹830.16 lakhs
  • Revenue from Operations: ₹825.00 lakhs
  • Other Income: ₹5.16 lakhs
  • Total Expenses: ₹277.45 lakhs
  • Operational Cost: ₹163.85 lakhs
  • Employee Benefit Expenses: ₹1.66 lakhs
  • Finance Cost: ₹77.77 lakhs
  • Depreciation and amortization expenses: ₹26.44 lakhs
  • Other Expenses: ₹7.73 lakhs
  • Profit/(Loss) before Exceptional Item & Tax: ₹552.71 lakhs
  • Exceptional Loss: ₹188.52 lakhs (write-off of mortgaged property)
  • Profit before Tax: ₹364.20 lakhs
  • Tax Expenses: Nil
  • Profit after tax: ₹364.20 lakhs
  • Basic EPS: ₹0.14

Half Year Performance (Ended September 30, 2026)

  • Total Income: ₹1,681.72 lakhs
  • Profit/(Loss) before Exceptional Item & Tax: ₹978.29 lakhs
  • Exceptional Items: Net gain of ₹789.78 lakhs
  • Profit before Tax: ₹1,768.07 lakhs
  • Profit after tax: ₹1,768.07 lakhs
  • Basic EPS: ₹0.31

Exceptional Items Details

1. Current Quarter: The Company wrote off ₹188.52 lakhs representing the net book value of an immovable property mortgaged with Punjab National Bank (PNB). PNB sold the property through auction as a secured creditor, and the Company received no proceeds from the sale.

2. Previous Disclosures:

  • During the year ended March 31, 2026, the Company wrote off deposits of ₹581.59 lakhs related to extinguished income tax demands per the NCLT-approved Resolution Plan.
  • In the previous year, the Company recognized a net gain of ₹962.00 lakhs from the sale of immovable properties in Andheri as part of the Resolution Plan approved by NCLT on December 8, 2023.

Assets and Liabilities Position (As at September 30, 2026)

  • Total Assets: ₹2,588.71 lakhs
  • Non-Current Assets: ₹492.86 lakhs
  • Property, Plant and Equipment: ₹0.36 lakhs
  • Right of Use Assets: ₹457.44 lakhs
  • Other Non-Current Assets: ₹35.06 lakhs
  • Current Assets: ₹2,095.85 lakhs
  • Trade Receivables: ₹1,737.01 lakhs
  • Cash and Cash Equivalents: ₹3.49 lakhs
  • Bank Balances: ₹262.01 lakhs
  • Current Tax Assets: ₹34.89 lakhs
  • Other Current Assets: ₹58.45 lakhs
  • Total Equity and Liabilities: ₹2,588.71 lakhs
  • Total Equity: ₹221.99 lakhs
  • Equity Share Capital: ₹2,537.31 lakhs
  • Other Equity: (₹2,315.32) lakhs
  • Non-Current Liabilities: ₹380.37 lakhs (Lease Liabilities)
  • Current Liabilities: ₹1,986.35 lakhs
  • Short term Borrowings: ₹1,198.27 lakhs
  • Lease Liabilities: ₹83.65 lakhs
  • Trade Payables: ₹451.22 lakhs
  • Other Financial liabilities: ₹1.83 lakhs
  • Other Current Liabilities: ₹251.37 lakhs

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

  • Net Cash used in Operating Activities: (₹880.39) lakhs
  • Net Cash used in Investing Activities: ₹0.89 lakhs
  • Net Cash used in Financing Activities: (₹254.52) lakhs
  • Net increase in Cash and Cash equivalents: ₹0.21 lakhs
  • Closing balance of Cash and Cash equivalents: ₹3.49 lakhs

Governance and Compliance

  • Board Meeting: Held on November 14, 2026, from 15:20 P.M. to 16:00 P.M.
  • Review: Financial results reviewed by the Audit Committee and approved by the Board of Directors
  • Auditor Review: Limited review conducted by Bilimoria Mehta & Co. (FRN: 101490W) with no material misstatements identified
  • Accounting Standards: Prepared in accordance with Indian Accounting Standard 34 (Ind AS 34)
  • Segment Information: Company primarily engaged in one business segment (no separate segment disclosure)