Financial Performance (FY 2025-26)

Revenue from Operations: ₹0

Other Income: ₹466.94 thousand (primarily interest income)

Total Income: ₹466.94 thousand

Total Expenses: ₹908.44 thousand

Employee Benefits Expenses: ₹307.00 thousand

Finance Costs: ₹6.09 thousand (bank charges)

Other Expenses: ₹595.35 thousand (includes audit fees ₹100k, professional charges ₹377.5k)

Loss Before Tax: ₹(441.50) thousand

Tax Expense: ₹0

Loss After Tax: ₹(441.50) thousand

Earnings Per Share: Basic and Diluted ₹(0.32)

Comparison with Previous Year:

  • FY 2024-25 Loss: ₹(2,693.39) thousand
  • Reduction in loss: ₹2,251.89 thousand (83.6% improvement)

Key Financial Position (as at 31st March 2026)

Equity Share Capital: ₹13,750.00 thousand (13,75,000 shares of ₹10 each)

Other Equity (Retained Earnings): ₹(9,257.78) thousand

Total Equity: ₹4,492.22 thousand

Investments: ₹100.00 thousand (ACS Technologies Ltd, quoted equity)

Cash and Cash Equivalents: ₹2,934.12 thousand

Loans (Current): ₹1,500.00 thousand (to Ashok B. Katamg for general business purpose)

Other Current Assets: ₹71.50 thousand

Current Liabilities: ₹113.40 thousand

Annual General Meeting Details

32nd AGM Date: Thursday, 3rd September 2026

Time: 10:30 AM

Mode: Video Conferencing/Other Audio-Visual Means

Venue: Deemed to be Registered Office at Chennai

Ordinary Business:

1. Adoption of audited financial statements for year ended 31st March 2026

2. Re-appointment of Mr. Roop Chand Betala (DIN: 02128251) as Director retiring by rotation

Special Business:

3. Shifting of Registered Office from Tamil Nadu to Maharashtra (Special Resolution)

  • From: No. 20, General Muthiah Mudali Street, Ramlakhan Chambers, Room No. 105, 1st Floor, Sowcarpet, Chennai, Tamil Nadu - 600001
  • To: 4D, Calcot House, Tamarind Lane, Fort, Mumbai - 400023

4. Alteration of Clause II of Memorandum of Association (Special Resolution)

5. Re-appointment of Ms. Purvi Amit Thapar (DIN: 08808563) as Independent Director for second term of 5 years from 1st April 2026 to 31st March 2031 (Special Resolution)

Board and Management Details

Board of Directors (as on 31st March 2026):

  • Mr. Roop Chand Betala (Chairman and Managing Director)
  • Mrs. Purvi Amit Thapar (Independent Director)
  • Mr. Manoj Cherian Samuel (Independent Director)
  • Mr. Vikul Chander (Independent Director)

Key Managerial Personnel:

  • Chief Financial Officer: Mr. Pranav Brahmbhatt
  • Company Secretary & Compliance Officer: Ms. Seema Birla (resigned w.e.f 31st July 2026)
  • Company Secretary & Compliance Officer: Ms. Kinjal Nirmal Vyas (appointed w.e.f 1st August 2026)

Auditors:

  • Statutory Auditors: M/s. CRBS & Associates LLP, Chartered Accountants
  • Secretarial Auditors: M/s. Priya Shah & Associates, Practising Company Secretaries

Regulatory and Compliance Status

Listing Status: Equity shares listed on BSE Limited. Trading remains suspended. Application for revocation of suspension is under consideration by BSE.

Secretarial Audit Observations:

  • Internal Auditor not appointed during FY 2025-26
  • Independent Directors' Databank registration not renewed
  • Annual Listing Fees to BSE not paid
  • Structured Digital Database not implemented for insider trading compliance
  • Non-compliance with Section 186 of Companies Act regarding loan limits
  • Partial non-compliance with SEBI LODR Regulations 46 & 47

Statutory Auditor's Emphasis of Matter:

The auditors emphasized the uncertainty regarding the company's ability to continue as a going concern as it had no business income during the financial year.

Important Dates

Register of Members Closure: 28th August 2026 to 3rd September 2026 (both days inclusive)

Remote e-Voting Period: 31st August 2026 (9:00 AM) to 2nd September 2026 (5:00 PM)

Cut-off Date for Voting Rights: 28th August 2026

Dividend and Reserves

No dividend recommended for FY 2025-26 due to losses. No amount transferred to reserves.

Corporate Actions

No change in share capital during the year. No material changes in the nature of business.

Related Party Transactions

Transactions with related parties were in ordinary course of business at arm's length. Total remuneration paid to Key Managerial Personnel: ₹216 thousand to Ms. Seema Birla.

Other Significant Information

  • Company has 3 permanent employees
  • No fraud reported by statutory auditors
  • No significant material orders passed by regulators/courts
  • No corporate social responsibility obligations
  • No deposits accepted from public
  • No subsidiary, associate or joint venture companies