Key Financial Figures (Standalone, in ₹ Lakhs)
Income Statement:
- Total Income: ₹72.49 (FY25: ₹48.21)
- Total Expense: ₹76.38 (FY25: ₹26.31)
- Profit Before Tax: Loss of ₹3.89 (FY25: Profit of ₹21.90)
- Current Tax Expense: ₹7.22 (FY25: ₹4.38)
- Deferred Tax Expense: ₹403.41 (FY25: Credit of ₹561.06)
- Profit After Tax: Loss of ₹414.52 (FY25: Profit of ₹578.58)
- Other Comprehensive Income (Loss): Loss of ₹1,199.50 (FY25: Gain of ₹1,253.85)
- Comprises changes in fair value of equity instruments (net of tax)
- Total Comprehensive Income (Loss): Loss of ₹1,614.02 (FY25: Gain of ₹1,832.43)
- Earnings Per Share (Basic & Diluted): Negative ₹217.38 (FY25: Positive ₹246.79)
Balance Sheet (as of March 31, 2026):
- Total Assets: ₹2,290.01 (FY25: ₹3,904.04)
- Financial Assets:
- Cash & Cash Equivalents: ₹256.06 (FY25: ₹361.88)
- Loans: ₹223.10 (FY25: ₹310.64)
- Investments: ₹1,787.34 (FY25: ₹3,206.07)
- Non-Financial Assets: ₹23.52 (FY25: ₹25.45)
- Total Liabilities: ₹76.95 (FY25: ₹77.18)
- Equity: ₹2,213.06 (FY25: ₹3,826.86)
- Equity Share Capital: ₹74.25 (Unchanged)
- Other Equity: ₹2,138.81 (FY25: ₹3,752.61)
Cash Flow Statement:
- Net Cash from Operating Activities: Negative ₹1,524.55 (FY25: Positive ₹1,773.52)
- Net Cash from Investing Activities: Negative ₹1,418.73 (FY25: Positive ₹1,746.49)
- Net Change in Cash & Equivalents: Decrease of ₹105.82 (FY25: Increase of ₹27.03)
Significant Events & Updates
Board and Management Changes:
- Appointments during FY26:
- Mr. Akshay Ratanchand Ranka (DIN:00235788) as Additional Non-Executive Director (Feb 6, 2026).
- Mrs. Ruchita Jain (DIN:11609805) as Additional Non-Executive Independent Women Director (Mar 21, 2026).
- Mrs. Shweta Jejani (DIN:07097052) as Additional Non-Executive Independent Director (Mar 30, 2026).
- Retirements during FY26:
- Mrs. Sunnet Menon (DIN:07087748) completed her tenure as Independent Director (Mar 21, 2026).
- Mr. Mahendra Kumar Sharma (DIN:005119575) completed his tenure as Independent Director (Mar 30, 2026).
AGM Business:
The 41st Annual General Meeting is scheduled for Monday, September 21, 2026, at 11:00 AM at the Registered Office in Nagpur.
Ordinary Business:
1. Adoption of audited financial statements for FY25-26.
2. Re-appointment of Mr. Monal Malji (DIN:00511813), who retires by rotation.
Special Business:
3. Appointment of Mrs. Ruchita Jain as Independent Director for a 5-year term (Mar 21, 2026 to Mar 20, 2031).
4. Appointment of Mrs. Shweta Jejani as Independent Director for a 5-year term (Mar 30, 2026 to Mar 29, 2031).
5. Appointment of Mr. Akshay Ratanchand Ranka as a Director liable to retire by rotation.
Dividend & Reserves:
- No dividend recommended for FY25-26.
- No amount transferred to General Reserve.
Capital Structure:
- No change in Authorized, Issued, Subscribed, or Paid-up Equity Share Capital during the year.
- Paid-up capital stands at ₹74.25 lakhs (742,500 equity shares of ₹10 each).
Operational Highlights:
- The company is an RBI-registered Non-Banking Financial Company (NBFC) engaged in lending.
- No material changes or commitments affecting the financial position occurred between the year-end and the report date.
- No subsidiaries, associates, or joint ventures.
- The company continued its voluntary delisting process from BSE Limited. The application for in-principle approval is under consideration by the exchange.
Regulatory & Compliance:
- Statutory Auditors: M/s. VMSS & Associates, Chartered Accountants, Kolkata (FRN:328952E). Their report is unqualified.
- Secretarial Auditors: M/s. More Daliya & Associates, Practising Company Secretaries (CP No.15581, FRN:P2018MH066400). Their report is unqualified.
- The company has adequate internal financial controls operating effectively.
- No fraud reported by auditors under Section 143(12) of the Companies Act, 2013.
- No material orders were passed by regulators, courts, or tribunals impacting the going concern status.
- The provisions relating to Corporate Social Responsibility (CSR) were not applicable.
Other Information:
- R&T Agent: M/s. Adroit Corporate Services Private Limited, Mumbai
- Bankers: Axis Bank Limited, Nagpur
- Audit Committee Composition (as of Mar 31, 2026): Ms. Ruchita Jain (Chairperson), Ms. Shweta Jejani, Mr. Akshay Ranka.
- Nomination and Remuneration Committee Composition (as of Mar 31, 2026): Ms. Ruchita Jain (Chairperson), Ms. Shweta Jejani, Mr. Akshay Ranka.