Key Financial Figures
- Revenue from operations: ₹0.00 lakhs (previous year: ₹0.00 lakhs)
- Other income: ₹0.30 lakhs (previous year: ₹0.27 lakhs)
- Total expenses: ₹37.48 lakhs (previous year: ₹30.99 lakhs)
- Net loss: ₹37.18 lakhs (previous year: ₹30.72 lakhs)
- Accumulated losses: ₹2,276.50 lakhs as at March 31, 2026
- Share capital: ₹25,06,56,300 divided into 2,50,65,630 equity shares of ₹10 each
- Fixed assets (net block): ₹1.83 lakhs
- Cash and cash equivalents: ₹0.94 lakhs
- Short-term borrowings: ₹265.70 lakhs (unsecured loans from directors)
Dates of Action
- AGM date: September 25, 2026
- Book closure dates: September 19, 2026 to September 25, 2026 (both days inclusive)
- E-voting period: September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM)
- Director change: Mr. Kanduri Saraswathi Kumar ceased as Independent Director effective August 5, 2026; Mr. Jagdish Velamala appointed as Additional Independent Director effective same date
- Board meetings held: May 29, 2025; August 14, 2025; November 12, 2025; February 9, 2026
Parties Involved
- Statutory auditors: M/s. Suryanarayana & Suresh, Chartered Accountants
- Secretarial auditor: CS. Ajay Suman Shrivastava
- Bankers: Karur Vysya Bank Limited, Manikonda Branch, Hyderabad
- Share transfer agents: Venture Capital & Corporate Investments Private Limited
- Key managerial personnel: Mr. Guduru Satyanarayana (Managing Director), Mr. Manne Rama Koteswara Rao (CFO), Mrs. Deshna Jain (Company Secretary)
Legal Proceedings
- NCLAT appeal: Appeal filed against NCLT Hyderabad's dismissal of petition under Sections 241 and 242 of Companies Act, 2013; matter listed for hearing on September 1, 2026
- Loan recovery cases:
- ₹2 crore recovery suit against Sri Sai Techno Fab (CC NI No. 1290 of 2021) pending in VIII Metropolitan Magistrate Court, next hearing September 11, 2026
- ₹1 crore recovery suit against P R Consultancy (CC NI No. 1283 of 2021) where accused convicted on July 29, 2026, and sentenced to pay fine of ₹1.30 crore
- GST matter: Order dated April 18, 2024, for ₹23.10 lakhs demand; appellate order dated November 21, 2024, allowed ITC of ₹22.78 lakhs, directed payment of ₹31,824
- SAT appeal: Appeal filed against SOP fines imposed by BSE for non-compliance with SEBI LODR regulations; matter pending hearing on October 7, 2026
Capital Structure Impact
No change in share capital during the year. The paid-up share capital remains at ₹25,06,56,300 divided into 2,50,65,630 equity shares.
Corporate Governance
- Board consists of 5 directors (1 executive, 1 non-executive promoter, 3 independent non-executive)
- All applicable policies (Whistle Blower, Code of Conduct, Related Party Transactions, etc.) in place and available on company website
- Related party transaction: Paid rent of ₹30,000 to a director during the year
Compliance Status
- Secretarial audit report notes delays in filing corporate governance reports under Regulation 27(2)
- BSE imposed SOP fines for various non-compliances, partial waiver granted for some, matters appealed before SAT
- Annual listing fees for 2025-26 paid on September 6, 2025, with delay interest
Forward-looking Statements
Management discussion indicates optimism about future performance through strategic business tie-ups and potential investment in land parcels and infrastructure projects, though no specific guidance provided.