INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM FINANCIAL RESULTS

Auditor's Review

CRBS & Associates LLP (FRN No: 0029575/8000038) conducted a review of the interim financial results in accordance with Standard on Review Engagements (SRE) 2410 issued by the Institute of Chartered Accountants of India. The review provides moderate assurance that the statement is free from material misstatement. The auditor concluded that nothing came to their attention that causes them to believe the statement has not disclosed required information or contains material misstatements.

Financial Results (Quarter Ended 30.06.2025)

All figures in ₹ lakh except EPS:

Income Statement:

  • Other Income: ₹1.80
  • Total Revenue: ₹1.80 (consisting entirely of other income as Revenue From Operations was nil)
  • Employees Benefits Expenses: ₹0.75
  • Other Expenses: ₹0.84
  • Total Expenses: ₹1.59
  • Profit Before Tax: ₹0.21
  • Tax Expense: Nil
  • Net Profit After Tax: ₹0.21
  • Total Comprehensive Income: ₹0.21
  • Earnings Per Share (Basic and diluted): ₹0.02

Comparative Figures:

  • Q1 FY24 (30.06.2024): Net Loss of ₹27.24 lakh, EPS of (₹1.98)
  • Q4 FY24 (31.03.2025): Net Profit of ₹1.41 lakh, EPS of ₹0.10
  • Full Year FY24 (31.03.2024): Net Loss of ₹26.94 lakh, EPS of (₹1.96)

Balance Sheet Information:

  • Paid-up equity share capital: ₹137.50 lakh (Face value ₹10 per share)
  • Cash and cash equivalents: ₹25.62
  • Bank balances other than cash: ₹76.02
  • Other current assets: ₹1.39
  • Total Current Assets: ₹103.03
  • Total Assets: ₹104.03
  • Total Equity: ₹49.54

Approval and Review Process

The unaudited results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 17.07.2025. The Statutory Auditors carried out a limited review of the financial results as required under Regulation 33 of SEBI LODR Regulations.

Notes to Financial Results

1. Figures of the previous quarter have been regrouped and reclassified to conform to the classification of the current period where necessary.

2. Figures for the quarter ended March 31, 2025 are balancing figures between audited full financial year figures and year-to-date figures up to the third quarter.