Board Meeting Details
The Board of Directors meeting was held on Thursday, November 12, 2026, commencing at 03:00 PM and concluding at 03:40 PM.
Financial Results Approval
The Board approved the Un-Audited Standalone Financial Results for the quarter and half year ended September 30, 2026. The financial results were reviewed by the Audit Committee and approved by the Board.
Financial Performance Highlights
Quarter Ended September 30, 2026 (Unaudited):
- Revenue from operations: ₹2.24 lakh
- Total Revenue: ₹2.24 lakh
- Total Expenses: ₹9.41 lakh
- Loss before tax: ₹7.17 lakh
- Net Loss after tax: ₹7.17 lakh
- Basic and Diluted EPS: -₹0.04
- Paid-up equity share capital: ₹1,967.35 lakh (face value ₹10 per share)
Half Year Ended September 30, 2026 (Unaudited):
- Revenue from operations: ₹2.42 lakh
- Other Income: ₹2.11 lakh
- Total Revenue: ₹4.53 lakh
- Total Expenses: ₹26.34 lakh
- Loss before tax: ₹21.81 lakh
- Net Loss after tax: ₹21.81 lakh
- Basic and Diluted EPS: -₹0.11
Comparative Figures (Quarter Ended):
- September 30, 2025: Net Loss ₹22.21 lakh
- June 30, 2026: Net Loss ₹14.64 lakh
Comparative Figures (Half Year Ended):
- September 30, 2025: Net Loss ₹41.06 lakh
- March 31, 2026 (Audited): Net Loss ₹58.83 lakh
Expense Breakdown (Quarter Ended September 30, 2026)
- Employee benefit expenses: ₹3.87 lakh
- Finance Costs: ₹3.11 lakh
- Other expenses: ₹2.44 lakh
- Changes in stock: -₹0.01 lakh
Assets and Liabilities Position (as at September 30, 2026)
Total Assets: ₹1,580.93 lakh
- Non-current assets: ₹1,369.03 lakh (Property, plant and equipment: ₹1,244.45 lakh; Capital work-in-progress: ₹124.58 lakh)
- Current assets: ₹211.90 lakh (Inventories: ₹9.94 lakh; Cash and cash equivalents: ₹4.71 lakh; Loans: ₹105.85 lakh; Other financial assets: ₹26.90 lakh; Current tax assets: ₹4.27 lakh; Other current assets: ₹60.23 lakh)
Equity and Liabilities:
- Total Equity: ₹1,126.59 lakh (Equity share capital: ₹1,967.35 lakh; Other equity: -₹840.76 lakh)
- Total Liabilities: ₹454.34 lakh
- Non-current liabilities: ₹419.20 lakh (Borrowings)
- Current liabilities: ₹35.14 lakh (Other financial liabilities: ₹29.50 lakh; Other current liabilities: ₹5.64 lakh)
Cash Flow Statement (Half Year Ended September 30, 2026)
- Cash flow from operating activities: -₹20.51 lakh
- Cash flow from investing activities: -₹97.00 lakh (Purchase of property, plant and equipment: ₹35.52 lakh; Capital Work in Progress: ₹61.48 lakh)
- Cash flow from financing activities: ₹115.17 lakh (Payment/Receipts of long term borrowings)
- Net decrease in cash and cash equivalents: ₹2.34 lakh
- Closing cash and cash equivalents: ₹2.60 lakh
Reclassification Requests Consideration
The Board considered separate requests from ExpertPro Realty Private Limited and AMS Infrastructure Private Limited (currently classified as 'Promoter/Promoter Group') seeking reclassification to 'Public' category under Regulation 31A of SEBI Listing Regulations.
Key Observations by Board:
- Applicants hold approximately 5% and 9% of total voting rights respectively
- Current public shareholding stands at approximately 5%
- Minimum Public Shareholding condition not presently established
- Trading in equity shares remains suspended on BSE Limited
- Outstanding dues to SEBI, BSE Limited, and depositories under examination
- SOP fines paid under protest and Annual Listing Fees matters pending before SAT
Board Decision: Due to non-fulfillment of eligibility criteria under Regulation 31A, the Board resolved not to recommend the reclassification requests or proceed with submitting application to BSE Limited at this stage. The requests shall remain open for reconsideration when eligibility conditions are satisfied.
Auditor's Limited Review Report
Krishan Rakesh & Co., Chartered Accountants issued a limited review report stating nothing came to their attention causing belief that the financial results contain material misstatement, except for non-application of Ind AS 116 (Leases) for which no accounting adjustments were made.
Company Status
- Public shareholding: Approximately 5%
- Trading status: Suspended on BSE Limited pending listing formalities
- Company is pursuing listing approvals with BSE Limited