Key Quantitative Figures

Financial Results for Year Ended March 31, 2026:

  • Revenue from Operations: ₹121.57 lakh
  • Total Income: ₹122.09 lakh
  • Total Expenses: ₹715.94 lakh
  • Loss before tax: ₹593.85 lakh
  • Net Loss for the year: ₹592.88 lakh
  • Basic Earnings Per Share (EPS): (₹0.51)
  • Paid-up Equity Share Capital: ₹1,166.00 lakh

Balance Sheet Position as at March 31, 2026:

  • Total Assets: ₹8,304.49 lakh
  • Financial Assets: ₹7,888.38 lakh (includes Loans: ₹3,885.04 lakh; Investments: ₹3,973.74 lakh)
  • Non-Financial Assets: ₹416.11 lakh
  • Financial Liabilities: ₹7,255.93 lakh (includes Borrowings: ₹7,246.47 lakh)
  • Total Equity: ₹760.55 lakh
  • Other Equity: (₹405.45) lakh

Cash Flow for Year Ended March 31, 2026:

  • Net Cash Used in Operating Activities: (₹3,030.77) lakh
  • Net Cash Used in Investing Activities: (₹3,815.51) lakh
  • Net Cash Generated from Financing Activities: ₹6,850.66 lakh
  • Net Increase in Cash & Cash Equivalents: ₹4.37 lakh
  • Cash & Cash Equivalents at year-end: ₹29.60 lakh

Dates of Action

  • Board Meeting Date: May 27, 2026 (commenced 4:30 PM, concluded 6:00 PM)
  • Shareholders' Meeting Date: March 19, 2026 (approved fund-raising)
  • First Tranche Board Approval: March 21, 2026
  • Authority Letter to Mr. Shahzaib Nawaz: April 13, 2026
  • Financial Year End: March 31, 2026

Parties Involved

Lenders for Fund-raising:

  • First Tranche Lenders (₹300 crore approved):
  • Intrum Global Private Limited (full commitment)
  • Intrum Wealth Management Private Limited (full commitment)
  • Regenci Wealth Management & Advisory Private Limited (full commitment)
  • Blackburg Asset Management Private Limited (full commitment)
  • Samarohi Traders Private Limited (partial commitment)
  • Aadrika Texturing & Fabrics Private Limited (no disbursement)
  • Second Tranche Lenders (₹250 crore):
  • Intrum Global Private Limited
  • Intrum Wealth Management Private Limited
  • Titanium Unlisted Assets Private Limited
  • GSL24 Realtors Private Limited
  • International Credits Limited

Company Officials:

  • Mahendra Kumar Sharda (Managing Director, DIN: 00053042)
  • Shahzaib Nawaz (Authorized for fund-raising activities)

Auditors:

  • GHR & Co., Chartered Accountants (FRN: 132149W)
  • CA Hardik C Bhalara (Partner, Mem. No. 136909)

Financial and Operational Impact

Fund-raising Status:

  • Shareholders approved aggregate fund raise of up to ₹1,000 Crores with option of conversion into equity
  • First Tranche: ₹300 Crores approved, partial commitments received
  • Second Tranche: ₹250 Crores planned, ₹220 Crores raised as of date
  • No equity shares issued or allotted at this stage

Auditor Qualifications:

  • Overdue loans outstanding for more than 90 days: ₹2,76,65,485/-
  • Cumulative outstanding interest: ₹55,41,648/-
  • Disputed statutory dues: ₹52,13,120/-
  • Income Tax demand of ₹51,22,020/- for AY 2022-23 (response filed)
  • Income Tax demand of ₹45,320/- for AY 2020-21 (no action taken)

Capital Structure Impact:

  • No change in paid-up equity share capital (remains ₹1,166.00 lakh)
  • Fund-raising involves option to convert loans into equity shares in future

Forward-looking Information

  • Fund-raising exercise is ongoing and may be raised in multiple tranches
  • Funds from remaining lenders may be raised in future
  • No specific guidance or management commentary provided beyond factual updates

Additional Information

  • The company's principal business activity is giving loans
  • The company has obtained registration under section 45IA of Reserve Bank of India Act, 1934
  • Statutory auditors resigned during the year due to pre-occupation (no specific issues raised)
  • No pending litigations affecting financial position
  • No long-term contracts with material foreseeable losses
  • No dividends declared or paid during the year