Financial Results (Quarter ended 31.03.2026)

  • Total Income: ₹397.45 lakh
  • Total Expenses: ₹535.69 lakh
  • Profit before tax: (₹138.24) lakh
  • Total tax expense: ₹81.45 lakh
  • Profit after tax for the period: (₹219.69) lakh
  • Total comprehensive income for the period: (₹219.69) lakh
  • Paid up equity share capital (Face value of Rs 1 each): ₹3,331.70 lakh
  • Earnings per equity share (Basic): (₹0.07)
  • Earnings per equity share (Diluted): (₹0.07)

Financial Results (Financial Year ended 31.03.2026)

  • Total Income: ₹7,778.92 lakh
  • Total Expenses: ₹7,278.83 lakh
  • Profit before tax: ₹500.09 lakh
  • Total tax expense: (₹98.77) lakh
  • Profit after tax for the period: ₹598.86 lakh
  • Total comprehensive income for the period: (₹212.49) lakh
  • Paid up equity share capital (Face value of Rs 1 each): ₹3,331.70 lakh
  • Earnings per equity share (Basic): ₹0.57
  • Earnings per equity share (Diluted): ₹0.57

Notes to Financial Results

1. The Company operates in a single segment i.e. Agriculture Commodities segment. As per Ind AS 108 on segment reporting prescribed under section 133 of the companies Act, 2013, the same is considered to constitute as single primary segment. Accordingly, the disclosure requirements of Ind AS 108 are not applicable.

2. The above standalone financial results were reviewed by the Audit Committee and taken on record by the Board of Directors at their meeting held on 26th May, 2026.

3. The financial results of the company have been prepared in accordance with Indian Accounting Standards prescribed under section 133 of the companies Act, 2013 read with relevant rules there under and in terms with regulation 33 of SEBI (Listing Obligation and Disclosures Requirements) regulations 2015 and SEBI circular dated 5th July 2016.

4. Earning per share for the quarter and year ended has been calculated as per weighted average formula and diluted Earning per share has been calculated considering proposed issue of equity shares on account of conversion of convertible securities.

5. Previous period figures have been regrouped and rearranged, whenever considered necessary.

6. The Company has undertaken purchases of diamonds and gold, which are not part of the regular line of business activities of the Company. No sales transactions relating to such inventory have been carried out during the period, and accordingly, the entire value of such purchases is forming part of closing inventory as at the reporting date.

7. The accumulated losses of the Company as of March 31, 2026 have exceeded its paid-up capital and reserves. The Company has incurred net loss for the quarter and year ended March 31, 2026 and the Company's current liabilities exceeded its current assets as at that date.

Balance Sheet Highlights as at 31st March, 2026

  • Total Assets: ₹11,911.95 lakh
  • Equity Share capital: ₹3,361.70 lakh
  • Other Equity: ₹6,739.46 lakh
  • Non-current liabilities: ₹1,569.17 lakh
  • Current liabilities: ₹241.62 lakh
  • Total Equity and Liabilities: ₹11,911.95 lakh

Cash Flow Statement for year ending 31st March, 2026

  • Net cash inflow/(outflow) from operating activities: (₹5,750.95) lakh
  • Net cash inflow/(outflow) from investing activities: ₹6,008.21 lakh
  • Net cash inflow/(outflow) used in financing activities: (₹258.17) lakh
  • Net changes in cash and cash equivalents: (₹0.91) lakh
  • Opening Cash and cash equivalents: ₹1.93 lakh
  • Closing Cash and cash equivalents: ₹1.02 lakh

Independent Auditors' Qualified Opinion

The auditors issued a qualified opinion with the following basis:

  • The Company has not provided balance confirmations and supporting reconciliations in respect of trade receivables, trade payables, loans & advances, borrowings and other financial assets/liabilities
  • The Company has not provided adequate documentary evidence, stock statements, physical verification reports or third-party confirmations in relation to inventories amounting to ₹2,500.10 lakhs as at March 31, 2026
  • The Company has outstanding Income Tax demand aggregating to ₹49 Lakhs relating to Financial Year 2024-25 arising on account of non-payment of self-assessment tax
  • The Company has not maintained edit log facility in its accounting software as required under Rule 3(1) of the Companies (Accounts) Rules, 2014, as amended
  • The Company has not provided complete MSME vendor identification and bifurcation required under the Micro, Small and Medium Enterprises Development Act, 2006

Emphasis of Matter

The auditors emphasized that the Company has undertaken purchases of diamonds and gold, which are not part of the regular line of business activities of the Company, and no sales transactions relating to such inventory have been carried out during the period.

Management's Response to Audit Qualifications

The management stated that the Company has already initiated corrective and reconciliatory actions in respect of the observations made by the auditors, and necessary supporting documents, confirmations, reconciliations, and compliance updates are being compiled and updated.