Board Meeting Details

The Board of Directors meeting was held on Wednesday, 4th November, 2026. The meeting commenced at 04:15 P.M. and concluded at 04:35 P.M.

Key Decisions Approved

1. The Unaudited Financial Results for the half year ended September 30, 2026, as recommended by the Audit Committee.

2. Appointment of Ms. Siddhi Mangal as Company Secretary and Compliance Officer of the Company effective from 4th November, 2026.

Financial Results Overview (Standalone, Rs. in lakhs except EPS)

Quarter Ended September 30, 2026 (Unaudited)

  • Total Income (Net): (₹229.70)
  • Revenue from Operations (Realty & Investment): ₹39.72
  • Revenue from Operations (Derivative Trading): (₹259.36)
  • Other Income (Realty & Investments): ₹5.62
  • Other Income (Derivative Trading): (₹15.68)
  • Total Expenses: ₹57.81
  • Employee Benefit Expenses: ₹4.48
  • Finance Cost: ₹22.91
  • Depreciation: ₹0.68
  • Investment Fluctuation Loss: ₹7.85
  • Professional and Legal Fees: ₹13.57
  • Other Expenses: ₹8.32
  • Profit/(Loss) before Tax: (₹287.51)
  • Tax Expense: ₹0.00
  • Net Profit/(Loss) after Tax: (₹287.51)
  • Earnings Per Share (Basic & Diluted): (₹7.15)
  • Paid-up Equity Share Capital: ₹402.00 (Face Value ₹10/- each)

Half Year Ended September 30, 2026 (Unaudited)

  • Total Income (Net): ₹6.05
  • Total Expenses: ₹111.71
  • Profit/(Loss) before Tax: (₹105.66)
  • Tax Expense: ₹0.00
  • Net Profit/(Loss) after Tax: (₹105.66)
  • Earnings Per Share (Basic & Diluted): (₹2.63)

Comparative Figures (Half Year)

  • Half Year Ended September 30, 2025: Net Loss of (₹682.33) lakhs
  • Year Ended March 31, 2026: Net Loss of (₹940.82) lakhs

Segment-wise Performance (Half Year Ended September 30, 2026)

Segment Revenue

  • Realty & Investments: ₹91.61
  • Derivative Trading Business: (₹85.56)
  • Total Revenue: ₹6.05

Segment Results

  • Realty & Investments Profit: ₹34.51
  • Derivative Trading Business Loss: (₹93.41)
  • Total Segment Result: (₹58.90)
  • Unallocated Interest Expense: ₹46.76
  • Total Profit Before Tax: (₹105.66)

Assets and Liabilities Position (As of September 30, 2026)

Total Assets: ₹5,082.30 lakhs

  • Non-Current Assets: ₹3,989.62 lakhs
  • Property, Plant and Equipment: ₹7.97
  • Intangible Assets: ₹0.53
  • Financial Assets: ₹3,652.00
  • Investment in Property: ₹3,593.80
  • Other Investments: ₹34.20
  • Other Non-Current Financial Assets: ₹24.00
  • Deferred Tax Assets (Net): ₹329.12
  • Current Assets: ₹1,092.68 lakhs
  • Trade Receivables: ₹2.05
  • Cash and Cash Equivalents: ₹20.43
  • Other Current Financial Assets: ₹34.32
  • Current Investment: ₹1,009.40
  • Other Current Assets: ₹26.48

Total Equity and Liabilities: ₹5,082.30 lakhs

  • Equity: ₹1,026.79 lakhs
  • Equity Share Capital: ₹402.00
  • Other Equity: ₹624.79 (includes Revaluation reserve of ₹2,417.42 lakhs and Investment fluctuation reserve of (₹26,554) lakhs)
  • Non-Current Liabilities: ₹977.53 lakhs
  • Borrowings: ₹883.12
  • Other Financial Liabilities: ₹82.53
  • Other Non-Current Liabilities: ₹11.88
  • Current Liabilities: ₹3,077.98 lakhs
  • Borrowings: ₹2,893.05
  • Trade Payables: ₹71.38
  • To Micro, Small Enterprises: ₹0.31
  • To other than Micro, Small Enterprises: ₹71.07
  • Other Financial Liabilities: ₹78.95
  • Other Current Liabilities: ₹34.60

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net cash flow from operating activities: (₹728.99)
  • Net cash flow from investing activities: ₹103.10
  • Dividend Received: ₹14.68
  • Rent Income: ₹89.35
  • Purchase of property, plant & equipment: (₹0.93)
  • Net cash flow from financing activities: ₹596.07
  • Borrowing/(Repayment) of Long term Borrowings: (₹20.25)
  • Borrowing/(Repayment) of Short term Borrowings: ₹663.08
  • Finance cost: (₹46.76)
  • Net decrease in cash and cash equivalents: (₹29.82)
  • Cash and cash equivalents at beginning: ₹50.25
  • Cash and cash equivalents at end: ₹20.43

Management Appointment Details

Ms. Siddhi Mangal as Company Secretary and Compliance Officer

  • Effective Date: November 4, 2026
  • Reason for Change: Appointment
  • Term of Appointment: Effective from November 4, 2026
  • Brief Profile: Associate member of Institute of Company Secretaries of India (ICSI Membership Number A72380) with over 2 years of experience in corporate and secretarial law. She will oversee the organization's corporate governance framework, ensure statutory compliance, and act as the link between the Board of Directors, stakeholders, and regulatory authorities.
  • Relationships between directors: Not applicable

CEO & CFO Certification

  • Certified by Hondiram Shankar Karnale, Chief Financial Officer
  • Dated: November 4, 2026
  • Certification covers: accuracy of financial statements, absence of fraudulent transactions, responsibility for internal controls, and disclosure of significant changes to auditors and audit committee

Notes to Financial Results

1. The results were reviewed by the audit committee and approved by the Board of Directors on November 4, 2026.

2. The main objects of the Company were amended to include Realty and Investment activities with effect from July 2, 2026. Income earned from such activities subsequent to this date has been classified under Revenue from Operations instead of Other Income.

3. Figures for previous year/period have been regrouped/rearranged wherever considered necessary.

4. Segment of derivatives trading has been introduced separately for better clarity. Segment Revenue and Other income for Derivative trading business shown with loss in parentheses (-).

5. Reality and Investment Income includes: Rent Income, Dividend and Short term Capital gain on Equity Investment.

6. With effect from April 1, 2025, the company has discontinued its garment segment. Remaining assets and liabilities have been transferred to the reality segment or classified as unallocable.

7. Investment in derivative trading has been reclassified as Current Investment in Equity Pledge for derivatives.