Board Meeting Details

The meeting commenced at 1:00 PM and concluded at 3:00 PM on 27th May, 2026. The Board approved:

1. Standalone Annual Audited Financial Results for Financial Year 2025-2026 along with Auditor Report

2. A Declaration on Auditors Report with unmodified opinion for Audited Financial Results for FY 2025-2026

Financial Results Overview

For the Year Ended 31st March, 2026 (Audited):

  • Revenue from operations: ₹79.18 lakh (vs. ₹50.02 lakh in FY2025)
  • Other income: ₹31.46 lakh (vs. ₹30.06 lakh in FY2025)
  • Total revenue: ₹110.64 lakh (vs. ₹80.08 lakh in FY2025)
  • Total expenses: ₹106.36 lakh (vs. ₹79.27 lakh in FY2025)
  • Profit before tax: ₹4.27 lakh (vs. ₹0.81 lakh in FY2025)
  • Tax expense: ₹1.01 lakh (vs. ₹0.22 lakh in FY2025)
  • Net profit: ₹3.26 lakh (vs. ₹0.59 lakh in FY2025)
  • Basic & Diluted EPS: ₹0.11 (vs. ₹0.02 in FY2025)
  • Paid-up equity share capital: ₹300.11 lakh (unchanged)

For the Half Year Ended 31st March, 2026 (Audited):

  • Revenue from operations: ₹(21.61) lakh (negative)
  • Other income: ₹21.85 lakh
  • Total revenue: ₹0.24 lakh
  • Total expenses: ₹12.95 lakh
  • Loss before tax: ₹(12.72) lakh
  • Net loss: ₹(13.73) lakh
  • Basic & Diluted EPS: ₹(0.46)

Balance Sheet Highlights (as at 31st March, 2026)

Liabilities:

  • Reserves and surplus: ₹(0.27) lakh (negative)
  • Long-term borrowings: ₹9,400.00 lakh
  • Trade payables: ₹119.49 lakh
  • Other current liabilities: ₹47.41 lakh
  • Short-term provisions: ₹1.05 lakh
  • Total liabilities: ₹9,918.70 lakh

Assets:

  • Property, Plant and Equipment: ₹2.97 lakh
  • Non-current investments: ₹1,229.73 lakh
  • Deferred tax assets: ₹1.95 lakh
  • Long-term loans and advances: ₹6,346.28 lakh
  • Other non-current assets: ₹858.40 lakh
  • Inventories: ₹48.90 lakh
  • Trade receivables: ₹1,398.69 lakh
  • Cash and cash equivalents: ₹10.58 lakh
  • Other current assets: ₹21.21 lakh

Cash Flow Statement (FY2026)

  • Net cash from operating activities: ₹590.80 lakh
  • Net cash used in investing activities: ₹(589.67) lakh
  • Net cash used in financing activities: ₹(0.03) lakh
  • Net increase in cash and cash equivalents: ₹1.10 lakh
  • Cash and cash equivalents at beginning: ₹9.48 lakh
  • Cash and cash equivalents at end: ₹10.58 lakh

Audit Opinion

M/s KRA & Associates, Chartered Accountants (Firm Registration No. 002352N) issued an unmodified audit opinion on the financial results. However, they included three Emphasis of Matters:

1. Zero Optional Convertible Debentures: ₹1,155.00 lakh (1,155 ZOCDs @ ₹1 lakh each) under non-current investments. 908 ZOCDs are in DEMAT account, while 247 ZOCDs were wrongly transferred to one party, with management working to recover them.

2. Long-term Loans and Advances: ₹6,346.28 lakh in old debit balances considered good as management is "hopeful of recovery/adjustment," pending confirmations/statement of accounts/follow-up documents.

3. Service Tax Settlement: Application filed under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 for settlement of service tax matter of ₹27.04 lakh related to FY 2017-2018. Form SVLDR-1 filed on 15th January, 2020.

Additional Notes

1. Company issued debentures at discount of ₹1,170.56 lakh in FY 2017-18. During FY2026, company decided not to write off discount on debentures of ₹78.03 lakh through Statement of Profit & Loss. Remaining amount of ₹858.41 lakh to be written off in the year when debentures are redeemed.

2. The company is not required to apply Ind AS as per MCA notification for companies listed or in process of listing on SME exchanges.

3. Balances of debtors, creditors, and advances are subject to confirmations.

4. Previous period/year ended figures have been regrouped/reclassified where necessary.

5. The figures for year ended March 31, 2026 represent the balance between audited financials for the full financial year and those published till the half year ended September 2025.