Board Meeting Details

The Board of Directors meeting was held on Monday, 26th October 2026, commencing at 3:30 PM IST and concluding at 4:40 PM IST.

Key Board Approvals

1. Approved the Un-Audited Financial Results of the Company for the Quarter and Half Year ended 30th September, 2026.

2. Noted the submission of an Expression of Interest by the Company for a resolution plan in respect of Planet Marathi Seller Services Private Limited under the Insolvency & Bankruptcy Code, 2016.

Financial Results Summary (Standalone)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Net Sales/Income from Operations: ₹0.02 lakhs (vs ₹713.16 lakhs in Q2 FY26)
  • Other Income: ₹47.04 lakhs (vs ₹15.45 lakhs in Q2 FY26)
  • Total Operating Income: ₹47.05 lakhs (vs ₹735.89 lakhs in Q2 FY26)
  • Total Expenses: ₹23.85 lakhs (vs ₹669.29 lakhs in Q2 FY26)
  • Profit Before Tax: ₹23.20 lakhs (vs ₹66.60 lakhs in Q2 FY26)
  • Tax Expense: ₹5.42 lakhs (₹5.33 lakhs current year + ₹0.09 lakhs deferred tax) (vs ₹16.80 lakhs in Q2 FY26)
  • Net Profit After Tax: ₹17.79 lakhs (vs ₹49.80 lakhs in Q2 FY26)
  • EPS (Basic & Diluted): ₹0.034 (vs ₹0.095 in Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Net Sales/Income from Operations: ₹0.02 lakhs (vs ₹1,494.75 lakhs in H1 FY26)
  • Other Income: ₹85.92 lakhs (vs ₹99.77 lakhs in H1 FY26)
  • Total Operating Income: ₹85.93 lakhs (vs ₹1,594.52 lakhs in H1 FY26)
  • Total Expenses: ₹48.59 lakhs (vs ₹1,510.87 lakhs in H1 FY26)
  • Profit Before Tax: ₹37.34 lakhs (vs ₹83.65 lakhs in H1 FY26)
  • Tax Expense: ₹7.60 lakhs (₹7.41 lakhs current year + ₹0.19 lakhs deferred tax) (vs ₹16.80 lakhs in H1 FY26)
  • Net Profit After Tax: ₹29.75 lakhs (vs ₹65.30 lakhs in H1 FY26)
  • EPS (Basic & Diluted): ₹0.057 (vs ₹0.124 in H1 FY26)

Capital Structure

  • Paid-up Equity Share Capital: ₹525.00 lakhs (Face Value of ₹1 each)
  • Other Equity: ₹2,244.91 lakhs (as of 30th September 2026)
  • Debt Equity Ratio: 0.00 (The Company did not have any debt)

Significant Change in Control

Consequent upon completion of the open offer under SEBI (SAST) Regulations, 2011, Mr. Gordhan P. Tanwani (Promoter) transferred 3,27,00,000 equity shares (62.29%) to Skybridge Interactive LLP (the Acquirer) on 6th October 2026. This resulted in a change in control of the Company in favor of the Acquirer. A balance of 65,00,000 equity shares (12.38%) is to be transferred as the Final Tranche in terms of the completion of terms of Closing as per Share Purchase Agreement dated 25th February 2026.

Financial Position (Standalone)

As at 30th September 2026 vs 31st March 2026

  • Total Assets: ₹2,839.81 lakhs (vs ₹2,846.24 lakhs)
  • Non-Current Assets: ₹750.33 lakhs (vs ₹545.17 lakhs)
  • Current Assets: ₹2,089.48 lakhs (vs ₹2,301.07 lakhs)
  • Cash and Cash Equivalents: ₹1,560.92 lakhs (vs ₹612.03 lakhs)
  • Total Equity: ₹2,769.91 lakhs (vs ₹2,740.17 lakhs)
  • Total Liabilities: ₹69.90 lakhs (vs ₹106.07 lakhs)

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

  • Net Cash from Operating Activities: (₹284.76) lakhs
  • Net Cash from Investing Activities: ₹1,233.65 lakhs
  • Net Cash from Financing Activities: ₹0.00
  • Net Increase in Cash and Cash Equivalents: ₹948.89 lakhs

Audit Review

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors. The Statutory Auditors, M M Nissim & Co LLP (Firm Registration Number: 107122W/W100672), issued a Limited Review Report with an unmodified opinion on these results.

Related Party Transactions (1st April 2026 to 30th September 2026)

  • Remuneration to KMP: ₹18.00 lakhs (₹3.00 lakhs to Chairman & MD, ₹9.00 lakhs to CFO, ₹6.00 lakhs to Company Secretary)
  • Sitting Fees to Directors: ₹8.70 lakhs
  • Total Transactions with Related Parties: ₹26.70 lakhs