Nature of Disclosure: The company has submitted its unaudited standalone financial results for the quarter and half year ended September 30, 2026, pursuant to SEBI Listing Regulations 30 and 33.

Board Meeting Details: The Board of Directors meeting was held on Tuesday, November 03, 2026. It commenced at 4:15 PM (IST) and concluded at 5:00 PM (IST).

Key Financial Figures (Quarter ended September 30, 2026):

  • Revenue from Operations: ₹ Nil
  • Other Income: ₹ Nil
  • Total Revenue: ₹ Nil
  • Total Expenses: ₹5.36 Lakh
  • Employee benefits expenses: ₹2.18 Lakh
  • Depreciation and amortization expense: ₹0.04 Lakh
  • Other Expenses: ₹3.14 Lakh
  • Loss Before Tax: ₹(5.36) Lakh
  • Tax Expense: ₹ Nil
  • Loss for the Period: ₹(5.36) Lakh
  • Earnings Per Share (EPS): Basic and Diluted at ₹(1.31)
  • Paid-up Equity Share Capital: ₹41.06 Lakh (41,06,100 equity shares of Re. 1 each)

Key Financial Figures (Half Year ended September 30, 2026):

  • Revenue from Operations: ₹ Nil
  • Other Income: ₹ Nil
  • Total Revenue: ₹ Nil
  • Total Expenses: ₹9.75 Lakh
  • Loss Before Tax: ₹(9.75) Lakh
  • Loss for the Period: ₹(9.75) Lakh
  • Earnings Per Share (EPS): Basic and Diluted at ₹(2.37)

Statement of Assets & Liabilities (as at September 30, 2026):

  • Total Assets: ₹46.75 Lakh
  • Non-Current Assets: ₹37.81 Lakh (Property, Plant & Equipment: ₹4.78 Lakh; Investments: ₹33.03 Lakh)
  • Current Assets: ₹8.93 Lakh (Cash and cash equivalents: ₹5.87 Lakh; Other current assets: ₹3.06 Lakh)
  • Total Equity: ₹(27.87) Lakh (Negative)
  • Equity share capital: ₹41.06 Lakh
  • Other equity: ₹(68.94) Lakh (Negative)
  • Total Liabilities: ₹74.62 Lakh
  • Non-Current Liabilities: ₹0.58 Lakh (Deferred tax liabilities)
  • Current Liabilities: ₹74.04 Lakh (Borrowings: ₹42.25 Lakh; Other current liabilities: ₹15.31 Lakh; Provisions: ₹16.48 Lakh)

Cash Flow Statement (Half Year ended September 30, 2026):

  • Net Cash from Operating Activities: ₹(3.19) Lakh
  • Net Cash from Investing Activities: ₹ Nil
  • Net Cash from Financing Activities: ₹2.00 Lakh (from short term loans & advances)
  • Net Decrease in Cash: ₹(1.19) Lakh
  • Cash and Cash Equivalents at period end: ₹5.87 Lakh

Capital Reduction (Note 4):

Pursuant to an order dated March 26, 2026, from the NCLT Ahmedabad bench, the company executed a scheme of reduction of share capital. The paid-up share capital was reduced from ₹4,10,61,000 (41,06,100 shares of ₹10 each) to ₹41,06,100 (41,06,100 shares of Re. 1 each) by cancelling ₹3,69,54,900. A capital reserve of ₹31,46,530 was also cancelled and adjusted against the debit balance of the Profit & Loss account, resulting in a total adjustment of ₹4,01,01,430. The record date for this reduction was May 20, 2026.

Auditor's Limited Review Report (Qualified Opinion):

The auditor, Ashit N. Shah & Co., issued a qualified opinion based on Note 6 of the financial results. The qualification states that the company has ₹ Nil revenue from operations and has been unable to conclude negotiations or obtain business orders. Although management believes the company will continue as a going concern due to expectations of future business, this situation indicates a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern. The financial statements do not adequately disclose this matter.

Emphasis of Matter:

The auditor also drew attention to Note 4, which describes the aforementioned scheme of reduction of share capital.

Trading Window:

The trading window for dealing in the company's securities was closed from October 1, 2026, and was scheduled to re-open 48 hours after the declaration of these financial results.