Financial Performance Highlights (Standalone)

  • Revenue from Operations: ₹0.00 (FY25: ₹1,541.90 lakh)
  • Other Income: Not disclosed
  • Total Income: ₹0.00 (FY25: ₹1,541.90 lakh)
  • Profit before Tax: Loss of ₹62.27 lakh (FY25: Loss of ₹11.98 lakh)
  • Current Tax: ₹14.89 lakh (FY25: ₹7.50 lakh)
  • Deferred Tax: ₹1.30 lakh (FY25: ₹4.38 lakh)
  • Profit after Tax: Loss of ₹46.08 lakh (FY25: Loss of ₹8.86 lakh)

Financial Performance Highlights (Consolidated)

  • Revenue from Operations: ₹17.41 lakh (FY25: ₹1,854.76 lakh)
  • Profit after Tax: Loss of ₹66.91 lakh (FY25: Not clearly stated but implied loss)

Capital Structure

  • Authorized Share Capital: ₹25,00,00,000 (250,000,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹23,24,12,320 (232,412,320 equity shares of ₹10 each)
  • No change in share capital during FY26

Dividend and Reserves

  • No dividend recommended for FY26 to conserve resources
  • No amount transferred to general reserves

Board and Management Changes

  • Ceased Directors (15-06-2026): Nishigandha Shashikant Keluskar (Managing Director), Sanjiv Hasmukh Shah (Executive Director)
  • Appointed Director (10-07-2026): Ajay Das (Managing Director)
  • Current Board Composition: 5 Directors (3 Non-Executive, 2 Executive including 1 Managing Director)
  • Key Managerial Personnel: Kailas Nandu Salve (CFO), Kanika Kabra (Company Secretary, resigned 31-03-2025)

Annual General Meeting Details

  • Date: Friday, 27th November 2026
  • Time: 5:30 PM
  • Venue: Registered Office - Shop No. 6, 1st Floor, BMC Market, CTS NO 128 A 67 TO 69 OF Village Kandivali, Mahavir Nagar, Pawan Dham Road, Opp Pawan Dham Mumbai, Kandivali RS, Mumbai 400067
  • Business:
  • Ordinary Business: Adoption of audited financial statements for FY26
  • Special Business: Regularization of Ajay Das as Director

Voting Information

  • Remote e-Voting Period: 24th November 2026 (9:00 AM) to 26th November 2026 (5:00 PM)
  • Cut-off Date: 20th November 2026
  • Scrutinizer: Arun Kumar Jaiswal, Practicing Company Secretary

Regulatory Compliance Issues

  • Trading Status: Shares suspended since April 2025
  • SEBI LODR Non-Compliances: Failure to file:
  • Quarterly financial results (Regulation 33)
  • Shareholding pattern (Regulation 31)
  • Reconciliation of Share Capital Audit Report (Regulation 55A)
  • Certificate under Regulation 40(10)
  • BSE Show-cause Notice: Issued for non-availability of company at registered office
  • GST Department: Penalty of ₹6,08,87,263 imposed during the year
  • DGGI Bangalore: Conducted search at premises during the year

Subsidiary Information

  • Binarycode IT and Consulting Private Limited: 100% subsidiary
  • Investment Value: ₹4,331 lakh in 15,92,279 equity shares

Internal Financial Controls

Auditors reported adequate internal financial controls system operating effectively as of 31 March 2026.

Material Changes Affecting Financial Position

  • Trading of shares remains suspended as of year-end
  • Significant decline in revenue from operations
  • Widening of net losses both standalone and consolidated

Auditor Information

  • Statutory Auditors: Shweta Jain & Co LLP (Appointed after resignation of P.H. Shah & Co.)
  • Secretarial Auditor: Arun Kumar Jaiswal of Jaiswal A & Co.
  • Internal Auditor: Shailesh Pandey & Co.

Other Disclosures

  • RTA: Purva Sharegistry (India) Private Limited
  • Bankers: Kotak Bank Limited, Axis Bank Ltd