Key Financial Figures (Rs. in Lakhs)

For the Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from Operations: 4.25
  • Other Income: 17.41
  • Total Income: 21.66
  • Total Expenses: 101.20
  • Loss before tax: (79.54)
  • Net Loss for the period: (79.55)
  • Total Comprehensive Loss: (79.55)
  • Equity Share Capital: 62.17
  • Earnings Per Share (Basic & Diluted): (1.37)

Comparative Figures:

  • Quarter Ended March 31, 2026 (Audited): Net Loss of (23.69), EPS (0.49)
  • Quarter Ended June 30, 2025 (Unaudited): Net Loss of (44.25), EPS (0.92)
  • Year Ended March 31, 2026 (Audited): Net Loss of (173.42), EPS (3.60)

Expense Breakdown (Q1 June 2026)

  • Employee benefits expense: 11.72
  • Finance Cost: 40.03
  • Depreciation and Amortisation: 0.01
  • BSE Charges: 14.99
  • Repairs & Maintenance - Building: 11.15
  • Right Issue Expenses: 16.64
  • Other expenses: 6.66

Rights Issue Details

The Company completed a Rights Issue on April 28, 2026, allotting 13,99,415 equity shares of ₹1 each at an issue price of ₹1 per share. Total proceeds were ₹13.99 lakhs. The utilization was:

  • To meet issue-related expenses: ₹11.19 lakhs
  • General corporate purposes: ₹2.80 lakhs

This issuance increased the public shareholding from 15.29% to 34.36%, achieving compliance with minimum public shareholding requirements (Rule 19A of SCRA, 1957 and SEBI LODR Reg. 38).

Regulatory and Compliance Matters

BSE Limited had imposed fines/charges on the Company for non-compliance with minimum public shareholding requirements under SEBI LODR Regulation 38. The Company has filed an application with BSE seeking a waiver of this penalty, which is currently pending consideration.

Auditor's Review and Going Concern

The statutory auditor, CAS & Co, issued a limited review report with an unmodified opinion. However, they drew attention to Note 4, which states the Company's net worth has been fully eroded as of June 30, 2026. The Company has incurred losses and is dependent on continued financial support from its Holding Company and promoters to meet its obligations. The financial results have been prepared on a going concern basis, but this dependence indicates a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.

Other Information

The financial results were prepared in accordance with Ind AS 34 and SEBI LODR regulations. Figures for the quarter ended March 31, 2026, are balancing figures between the audited annual figures and the previously published unaudited year-to-date figures up to the third quarter.

The information has been uploaded to the company's website at https://www.apimumbai.com/investor-relations.