Board Meeting Details

The meeting was held on 4th November 2026 at the Registered Office situated at 307, Haash Business Centre, Fatehnagar, Nr. Ankoor School, Paldi, Ahmedabad, Gujarat, India - 380007. The meeting commenced at 4:00 PM and concluded at 4:30 PM.

Financial Performance Highlights (Amount in Lakhs)

Half Year Ended 30th September 2026:

  • Revenue from Operations: ₹124.02 (vs. ₹320.32 in H1 FY26)
  • Other Income: ₹15.00 (vs. ₹0.00 in H1 FY26)
  • Total Income: ₹139.02 (vs. ₹320.32 in H1 FY26)
  • Total Expenses: ₹125.24 (vs. ₹905.29 in H1 FY26)
  • Profit Before Tax: ₹13.78 (vs. Loss of ₹584.97 in H1 FY26)
  • Profit for the Period: ₹13.78 (vs. Loss of ₹584.97 in H1 FY26)
  • Earnings Per Share (Basic & Diluted): ₹0.08 (vs. Loss per share of ₹3.59 in H1 FY26)

Comparative Full Year Figures (Audited):

  • Year Ended 31st March 2026: Revenue ₹1,633.62, Profit ₹191.76, EPS ₹1.18
  • Year Ended 31st March 2026 (alternative column): Revenue ₹1,953.94, Loss ₹393.21, Loss per share ₹2.41

Balance Sheet Position as at 30th September 2026 (Unaudited)

  • Share Capital: ₹1,631.68 lakh (unchanged)
  • Reserves and Surplus: ₹1,158.85 lakh (vs. ₹1,115.08 lakh as at 31st March 2026)
  • Non-Current Investments: ₹809.00 lakh (vs. ₹300.00 lakh as at 31st March 2026)
  • Long-Term Loans and Advances: ₹300.25 lakh (unchanged)
  • Trade Receivables: ₹2,129.63 lakh (vs. ₹2,060.03 lakh as at 31st March 2026)
  • Cash and Cash Equivalents: ₹6.63 lakh (vs. ₹6.18 lakh as at 31st March 2026)
  • Other Current Assets: ₹400.66 lakh (vs. ₹20.55 lakh as at 31st March 2026)
  • Total Assets: ₹3,646.40 lakh (vs. ₹3,496.28 lakh as at 31st March 2026)

Cash Flow Statement for H1 FY27

  • Net Cash from Operating Activities: ₹510.20 lakh (vs. outflow of ₹50.12 lakh in H1 FY26)
  • Net Cash used in Investing Activities: ₹509.00 lakh (vs. outflow of ₹0.33 lakh in H1 FY26)
  • Net Cash from Financing Activities: Outflow of ₹0.75 lakh (vs. inflow of ₹50.00 lakh in H1 FY26)
  • Net Increase in Cash: ₹0.45 lakh (vs. decrease of ₹0.45 lakh in H1 FY26)

Limited Review Report Qualifications

Auditors V S S B & Associates issued a limited review report with the following qualifications:

1. The company has not remitted income tax liabilities aggregating to ₹72.52 lakh for FY 2022-23, 2023-24 & 2024-25. No provision has been made for interest liability on outstanding tax dues.

2. Management advanced ₹300.25 lakh from IPO proceeds for agricultural land development, but adequate supporting documents, agreements, work completion evidences, utilization details, or balance confirmations were not provided to substantiate nature, genuineness, and recoverability.

3. GST registration remains inactive for a prolonged period with no GST returns filed. The company has not recognized or discharged Reverse Charge Mechanism (RCM) liability under GST.

4. During previous financial year, the company wrote down the value of its opening stock-in-trade (perishable nature) to nil value.

Additional Notes

  • The company is mainly engaged in Agriculture Based Commodities as its only reportable primary business segment
  • Previous periods figures have been regrouped where necessary
  • The company incurred losses during previous financial year and has brought-forward losses available for set-off
  • No provision for current income tax has been recognized for the period
  • Paid-up share capital remains unchanged at ₹1,631.68 lakh with face value of ₹10 per share