Financial Performance Summary

Quarterly Performance (Q2 FY26 vs Q2 FY25 vs Q1 FY26)

  • Net Loss: ₹2.51 lakhs in Q2 FY26 (September 2026) compared to ₹0.96 lakhs loss in Q2 FY25 and ₹5.32 lakhs loss in Q1 FY26 (June 2026)
  • Total Revenue: Nil in Q2 FY26 (compared to nil in previous quarters)
  • Total Expenses: ₹2.51 lakhs in Q2 FY26, consisting of:
  • Employee benefits expenses: ₹1.33 lakhs
  • Other expenses: ₹1.18 lakhs
  • Earnings Per Share: Basic and diluted loss per share of (₹0.63) for Q2 FY26

Half-Yearly Performance (H1 FY26 vs H1 FY25)

  • Net Loss: ₹7.83 lakhs for H1 FY26 (April-September 2026) compared to ₹2.82 lakhs loss in H1 FY25
  • Total Revenue: Nil for H1 FY26
  • Total Expenses: ₹7.83 lakhs for H1 FY26
  • Earnings Per Share: Basic and diluted loss per share of (₹1.96) for H1 FY26

Full Year Reference (FY26 Audited)

  • Net Profit: ₹3.82 lakhs for the year ended March 31, 2026 (audited)
  • Total Revenue: ₹293.49 lakhs for FY26
  • Earnings Per Share: ₹0.95 for FY26

Auditor's Limited Review Report

K Bhavsar & Co., Chartered Accountants, issued a limited review report with the following emphasis matters:

Verification Pending

  • Trade receivables, trade payables, and all loans and advances balances are pending comprehensive verification through external confirmations and reconciliation
  • Investments lacked reliable value and supporting documents; relied on management representations

GST Compliance

  • Company did not have GSTN during the audit period
  • Alternative audit procedures involved vouching sales and purchase invoices with supporting documents

Audit Opinion

Based on their review, nothing came to their attention that causes them to believe the financial results contain any material misstatement or fail to disclose information required by Listing Regulations.

Balance Sheet Position (as at September 30, 2026)

Assets (Total: ₹380.41 lakhs)

  • Non-Current Assets: ₹226.64 lakhs (Investments: ₹226.64 lakhs)
  • Current Assets: ₹153.77 lakhs
  • Trade receivables: ₹121.61 lakhs
  • Cash and cash equivalents: ₹32.16 lakhs

Equity and Liabilities (Total: ₹380.41 lakhs)

  • Equity: ₹25.21 lakhs
  • Equity share capital: ₹40.00 lakhs
  • Other equity: (₹14.79) lakhs
  • Non-Current Liabilities: ₹150.02 lakhs (Borrowings: ₹150.02 lakhs)
  • Current Liabilities: ₹205.19 lakhs
  • Trade payables (other than micro/small enterprises): ₹200.64 lakhs
  • Other current liabilities: ₹0.55 lakhs
  • Provisions: ₹4.00 lakhs

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

  • Net Cash from Operating Activities: (₹6.98) lakhs
  • Net Cash Used in Investing Activities: Nil
  • Net Cash from Financing Activities: ₹6.98 lakhs (Increase in borrowing)
  • Net Change in Cash: Nil
  • Cash and Cash Equivalents (Opening): ₹32.16 lakhs
  • Cash and Cash Equivalents (Closing): ₹32.16 lakhs

Capital Structure

  • Paid-up Equity Share Capital: ₹40.00 lakhs (unchanged from previous periods)
  • Face Value per Equity Share: ₹10.00
  • No debt securities outstanding

Additional Information

  • The company has no reportable segments as per Ind AS requirements
  • No discontinuing operations during the period
  • No exceptional or extraordinary items reported
  • Figures for previous periods have been regrouped for comparability

Board Approval

The financial results were approved by the Board of Directors on October 14, 2026, signed by Gautam P. Sheth, Managing Director (DIN: 06748854).