Financial Results Summary

Income Statement (Rs in lakhs)

Quarter Ended 31.03.2026 (Audited):

  • Revenue from operations: ₹397.45
  • Total Income: ₹397.45
  • Total Expenses: ₹535.69
  • Loss before tax: ₹(138.24)
  • Tax expense: ₹81.45
  • Loss after tax: ₹(219.69)
  • Basic EPS: ₹(0.07)

Financial Year Ended 31.03.2026 (Audited):

  • Revenue from operations: ₹7,753.63
  • Other Income: ₹25.29
  • Total Income: ₹7,778.92
  • Total Expenses: ₹7,278.83
  • Profit before tax: ₹500.09
  • Tax expense: ₹(98.77)
  • Profit after tax: ₹598.86
  • Basic EPS: ₹(0.06)

Balance Sheet as at 31st March, 2026 (Rs in lakhs)

  • Total Assets: ₹11,911.95
  • Current Assets: ₹5,456.39 (including inventories)
  • Property, Plant and Equipment: ₹2,006.45
  • Equity Share Capital: ₹3,331.70
  • Other Equity: ₹6,739.46
  • Total Liabilities: ₹1,810.79
  • Non-current liabilities: ₹1,569.17
  • Current liabilities: ₹241.62

Cash Flow Statement for FY Ended 31.03.2026 (Rs in lakhs)

  • Net cash outflow from operating activities: ₹(5,750.95)
  • Net cash inflow from investing activities: ₹6,008.21
  • Net cash outflow from financing activities: ₹(258.17)
  • Net change in cash: ₹(0.91)
  • Closing cash and cash equivalents: ₹1.02

Key Operational Disclosures

Segment Information: The Company operates in a single segment - Agriculture Commodities segment. As per Ind AS 108, disclosure requirements are not applicable.

Unusual Business Activity: The Company has undertaken purchases of diamonds and gold, which are not part of the regular line of business activities. No sales transactions relating to such inventory have been carried out during the period, and the entire value of such purchases (₹2,500.10 lakhs) forms part of closing inventory.

Financial Position Concerns: 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.

Audit Qualifications

The independent auditors issued a qualified opinion with the following key issues:

1. Lack of Balance Confirmations: The Company has not provided balance confirmations and supporting reconciliations for trade receivables, trade payables, loans & advances, borrowings and other financial assets/liabilities.

2. Inventory Verification Issues: No adequate documentary evidence, stock statements, physical verification reports or third-party confirmations for inventories amounting to ₹2,500.10 lakhs.

3. Income Tax Demand: Outstanding Income Tax demand aggregating to ₹49 lakhs relating to FY 2024-25 due to non-payment of self-assessment tax, with inadequate supporting documentation.

4. Edit Log Facility: The Company has not maintained edit log facility in its accounting software as required under Rule 3(1) of the Companies (Accounts) Rules, 2014.

5. MSME Compliance: Incomplete MSME vendor identification and bifurcation required under the Micro, Small and Medium Enterprises Development Act, 2006.

Management Response to Audit Qualifications

The Company has initiated corrective and reconciliatory actions for the observations made by the auditors. Necessary supporting documents, confirmations, reconciliations, and compliance updates are being compiled and updated.

Additional Information

Related Party Transactions: There were no Related Party Transactions during the Quarter ended 31st March, 2026.

Default Status: No default in payment of outstanding Loans/revolving facilities, Unlisted debt securities.

Board Approval: The 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.