ARDI ALLIANCES LIMITED

Board Meeting Details

The Board Meeting of Ardi Alliances Limited was held on Wednesday, 14th October 2026, starting at 05:15 PM and concluding at 05:50 PM. The meeting considered and approved the unaudited financial results for the quarter ended September 30, 2026, along with the Limited Review Report.

Financial Performance Highlights (Quarter Ended September 30, 2026)

  • Revenue From Operations: ₹0.00
  • Other Income: ₹0.00
  • Total Revenue (Net): ₹0.00
  • Total Expenses: ₹2.51 lakh (Operating Expenses: ₹1.18 lakh, Employee benefits expenses: ₹1.33 lakh)
  • Profit/(Loss) before tax: (₹2.51) lakh
  • Tax Expenses: ₹0.00
  • Net Profit/(Loss) for the period: (₹2.51) lakh
  • Earnings per Share (Basic & Diluted): (₹0.63)

Financial Performance Highlights (Half Year Ended September 30, 2026)

  • Revenue From Operations: ₹0.00
  • Other Income: ₹0.00
  • Total Revenue (Net): ₹0.00
  • Total Expenses: ₹7.83 lakh
  • Profit/(Loss) before tax: (₹7.83) lakh
  • Tax Expenses: ₹0.00
  • Net Profit/(Loss) for the period: (₹7.83) lakh
  • Earnings per Share (Basic & Diluted): (₹1.96)

Comparative Performance

Quarter Comparison (Q2 FY27 vs Q2 FY26):

  • Net Loss: (₹2.51) lakh vs (₹0.96) lakh
  • EPS: (₹0.63) vs (₹0.24)

Half Year Comparison (H1 FY27 vs H1 FY26):

  • Net Loss: (₹7.83) lakh vs (₹2.82) lakh
  • EPS: (₹1.96) vs (₹0.71)

Full Year Reference (FY26 Audited):

  • Revenue From Operations: ₹293.48 lakh
  • Other Income: ₹0.00
  • Total Revenue: ₹293.49 lakh
  • Net Profit: ₹3.82 lakh
  • EPS: ₹0.95

Capital Structure

  • Paid-up Equity Share Capital: ₹40.00 lakh (unchanged from previous periods)
  • Face Value of Equity Share: ₹10.00
  • Reserves: (₹14.79) lakh as of September 30, 2026 (vs (₹6.96) lakh as of March 31, 2026)

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

  • Total Assets: ₹380.41 lakh (unchanged from March 31, 2026)
  • Non-Current Assets: ₹226.64 lakh (Investments)
  • Current Assets: ₹153.77 lakh (Trade receivables: ₹121.61 lakh, Cash and cash equivalents: ₹32.16 lakh)
  • Equity: ₹25.21 lakh
  • Non-Current Liabilities: ₹150.02 lakh (Borrowings)
  • Current Liabilities: ₹205.19 lakh (Trade payables: ₹200.64 lakh, Other current liabilities: ₹0.55 lakh, Provisions: ₹4.00 lakh)

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

  • Net Cash From Operating Activities: (₹6.98) lakh
  • Net Cash Used In Investing Activities: ₹0.00
  • Net Cash From Financing Activities: ₹6.98 lakh
  • Net Increase/(Decrease) in Cash: ₹0.00
  • Cash and Cash Equivalents (Opening): ₹32.16 lakh
  • Cash and Cash Equivalents (Closing): ₹32.16 lakh

Auditor's Limited Review Report

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

1. Pending Verification: Trade receivables, trade payables, and all loans and advances (including deposits) are pending comprehensive verification through direct confirmations from external parties and reconciliation with internal records.

2. GSTN Absence: The company did not have a GSTN during the audit period, meaning revenue from goods sales requires specific GST verification. Alternative audit procedures involved vouching sales and purchase invoices with supporting documents.

3. Investment Documentation: Reliable value and supporting documents relating to investments were not presented to the auditors, who relied on management representations.

The auditor concluded that nothing has come to their attention that causes them to believe the financial results contain any material misstatement.

Additional Notes

  • The financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS)
  • There are no reportable segments as per Ind AS provisions
  • Figures for previous periods have been rearranged/regrouped for comparability
  • The results were reviewed by the Audit Committee and approved by the Board of Directors