Financial Results Overview

For Year Ended 31 March 2026 (Audited)

  • Total Income: ₹765.98 lakhs
  • Total Expenses: ₹1,483.59 lakhs
  • Profit/(Loss) before tax: ₹(717.61) lakhs
  • Tax Expense: ₹0.00 lakhs (No current or deferred tax)
  • Profit/(Loss) after Tax: ₹(717.61) lakhs
  • Total Comprehensive Income: ₹(717.61) lakhs
  • Earnings Per Share (Basic & Diluted): ₹(10.25)
  • Paid-up Equity Share Capital: ₹700.22 lakhs (face value ₹10 per share)
  • Other Equity: ₹(827.37) lakhs

For Quarter Ended 31 March 2026 (Audited)

  • Total Income: ₹5.85 lakhs
  • Total Expenses: ₹649.60 lakhs
  • Profit/(Loss) before tax: ₹(726.79) lakhs
  • Profit/(Loss) after Tax: ₹(724.11) lakhs
  • Earnings Per Share (Basic & Diluted): ₹(10.34)

Balance Sheet Position (as at 31 March 2026)

  • Total Assets: ₹1,490.37 lakhs
  • Non-current Assets: ₹579.40 lakhs
  • Current Assets: ₹910.97 lakhs (including Cash & Cash Equivalents: ₹8.45 lakhs)
  • Total Shareholders' Funds: ₹(127.15) lakhs (Negative Net Worth)
  • Non-current Liabilities: ₹459.29 lakhs
  • Current Liabilities: ₹440.62 lakhs

Cash Flow Statement (Year Ended 31 March 2026)

  • Net Cash from Operating Activities: ₹441.87 lakhs
  • Net Cash from Investing Activities: ₹0.00 lakhs
  • Net Cash from Financing Activities: ₹(437.71) lakhs
  • Net Increase in Cash: ₹4.16 lakhs
  • Cash at Beginning: ₹4.29 lakhs
  • Cash at End: ₹8.45 lakhs

Audit Qualifications

Statutory Auditors M/s Sunit M Chhatbar & Co issued a qualified opinion with the following basis:

1. Major Write-offs: During Q4 FY26, the company wrote off majority of assets and liabilities appearing in books based on management assessment that balances were old, non-recoverable, non-traceable and not supported by adequate documentary evidence or confirmations. These write-offs were adjusted in the Statement of Profit and Loss.

2. Authorization Concern: While the board resolution was provided, auditors did not receive special resolution by shareholders to validate authorization of such material write-offs.

3. TDS Non-payment: The company did not make any payment of TDS dues during FY 2025-26 as required under Income-tax Act, 1961.

4. Going Concern: The qualifications cast significant doubt on the company's ability to continue as a going concern.

Management's Response to Audit Qualifications

For qualifications where impact is not quantified by auditor:

  • Write-offs: Management believes balances were old, non-recoverable, non-traceable and not supported by adequate documentary evidence. Since financial effect has been accounted for, no further financial impact arises.
  • TDS Dues: Impact of interest, penalty and consequential liabilities will be determined upon reconciliation and assessment by relevant authorities.
  • Going Concern: Management is unable to quantify impact as assessment of future operations and asset realization depends on various factors and management's future plans.

Impact Statement

Management's statement on impact of audit qualifications shows no changes to reported figures:

  • Turnover/Total Income: ₹765.98 lakhs (unchanged)
  • Net Profit/(Loss): ₹(717.61) lakhs (unchanged)
  • EPS: ₹(10.25) (unchanged)
  • Total Assets: ₹76.86 lakhs (unchanged)
  • Total Liabilities: ₹204.01 lakhs (unchanged)
  • Net Worth: ₹(127.15) lakhs (unchanged)
  • Cash and Cash Equivalents: ₹8.45 lakhs (unchanged)