Board Meeting Details

The Board of Directors meeting was held on Thursday, August 13, 2026, at 4:00 p.m. at the Registered Office of the Company at 601, 5th Floor, Oxford Towers, opposite Leela Palace Hotel, Old Airport Road, Kodihalli, Bangalore, Karnataka, India, 560008. The meeting concluded at 5:10 p.m.

Key Decisions Approved

1. Financial Results Approval

  • Approved un-audited financial results (Standalone and Consolidated) along with Limited Review Report (Standalone and Consolidated) for the quarter ended June 30, 2026.

2. Director Re-appointment

  • Re-appointed Mr. Suryaprakasa Rao Bommisetti as an Independent Director of the Company for a second term of 5 consecutive years effective from March 7, 2027, subject to member approval in the ensuing annual general meeting.

3. Auditor Re-appointment

  • Re-appointed M/s. M.M. Reddy & Co., Chartered Accountants as statutory auditors of the company for a period of 3 years from the conclusion of the Annual General Meeting for FY 2025-26 to the Annual General Meeting for FY 2028-29, subject to member approval.

4. Annual General Meeting

  • Scheduled the Annual General Meeting for FY 2025-26 on Friday, September 18, 2026, at 11:00 a.m. through Video Conference/other Audio-visual means (OAVM).

Financial Results (Amount in ₹ lakhs)

Standalone Performance (Quarter ended June 30, 2026)

  • Revenue from Operations: ₹298.51 (vs. ₹75.74 in Q1 FY26)
  • Total Income: ₹298.51 (vs. ₹75.74 in Q1 FY26)
  • Total Expenses: ₹334.19 (vs. ₹102.59 in Q1 FY26)
  • Loss before tax: ₹(35.68) (vs. ₹(26.85) loss in Q1 FY26)
  • Net Loss: ₹(35.68) (vs. ₹(26.85) loss in Q1 FY26)
  • Basic EPS: ₹(0.20) (vs. ₹(0.22) in Q1 FY26)
  • Paid-up equity share capital: ₹1,797.19 (Face value ₹10 per share)

Consolidated Performance (Quarter ended June 30, 2026)

  • Revenue from Operations: ₹2,395.26 (vs. ₹810.37 in Q1 FY26)
  • Total Income: ₹2,395.29 (vs. ₹810.37 in Q1 FY26)
  • Total Expenses: ₹2,302.80 (vs. ₹806.82 in Q1 FY26)
  • Profit before tax: ₹92.49 (vs. ₹3.55 in Q1 FY26)
  • Net Profit: ₹68.44 (vs. ₹2.47 in Q1 FY26)
  • Basic EPS: ₹0.11 (vs. ₹0.02 in Q1 FY26)
  • Paid-up equity share capital: ₹1,797.19 (Face value ₹10 per share)

Director Profile

Mr. Suryaprakasa Rao Bommisetti has over 31 years of experience in banking, auditing, finance, and consultancy. He worked for 5½ years in a bank handling audits, compliance, MIS reporting, statutory audit coordination, corporate advances, NPAs, and recovery matters. His expertise covers Banks, Ind AS, and Public Finance & Government Accounting.

Auditor Profile

M/s. M.M. Reddy & Co., Chartered Accountants is a partnership firm established on September 22, 2003, with offices across Telangana, Andhra Pradesh, and Karnataka, and associate presence in Dubai, Singapore, and Hong Kong. The firm has 9 partners and a team of 30+ professionals offering specialized expertise in audit, taxation, advisory, forensic audits, and information systems.

Limited Review Reports

M/s. M.M. Reddy & Co. issued limited review reports for both standalone and consolidated financial results, stating that nothing has come to their attention that causes them to believe the statements contain any material misstatement.