Board Meeting Outcomes
The Board of Directors meeting was held on Friday, 29th May 2026, commencing at 10:30 AM and concluding at 11:15 AM. The Board considered and approved the following matters:
1. Audited Financial Results for the quarter and year ended on 31st March, 2026.
2. Auditors Report on the Audited Financial Results for the year ended on 31st March, 2026.
3. A declaration in respect of the Auditor's Report with an Unmodified Opinion.
4. Proposed the reappointment of Mr. Sunil Hirji Shah (DIN: 02775683) as a director of the Company. He retires by rotation and is eligible for re-appointment.
5. Directors' report for the year ended 31st March, 2026 and the Notice of the 41st Annual General Meeting (AGM) to be held on Thursday, 25th June, 2026.
6. The Register of Members will be closed from Friday, 19th June, 2026 to Thursday, 25th June, 2026 (both days inclusive) for the purpose of the ensuing AGM.
The board of directors did not recommend any dividend for the financial year ended 31st March, 2026.
Financial Results Highlights (Standalone)
The financial results are presented in Indian Lakhs (₹ in Lacs).
For the Quarter Ended March 31, 2026:
- Revenue from Operations: ₹0.00
- Other Income: ₹25.00
- Total Income: ₹25.00
- Net Loss before Tax: ₹(20.20)
- Net Loss after Tax: ₹(20.20)
- Basic & Diluted Earnings Per Share (EPS): ₹(0.20)
For the Year Ended March 31, 2026:
- Revenue from Operations: ₹0.00
- Other Income: ₹100.25
- Total Income: ₹100.25
- Net Profit before Tax: ₹0.33
- Net Profit after Tax: ₹0.33
- Basic & Diluted Earnings Per Share (EPS): ₹0.00 (rounded from ₹0.0017)
Balance Sheet Snapshot as at 31st March 2026:
- Total Equity: ₹1,174.94 Lakhs
- Equity Share Capital: ₹190.56 Lakhs (19,055,850 shares of ₹10 each)
- Other Equity: ₹984.38 Lakhs
- Total Assets: ₹1,320.16 Lakhs
- Non-Current Assets: ₹271.88 Lakhs
- Current Assets: ₹1,048.28 Lakhs
- Cash and Cash Equivalents: ₹313.52 Lakhs
- Loans & Advances: ₹342.00 Lakhs
- Other Current Assets: ₹1,003.11 Lakhs
Cash Flow Statement for the Year Ended March 31, 2026:
- Net Cash from Operating Activities: ₹(115.75) Lakhs
- Net Cash from Investing Activities: ₹99.69 Lakhs
- Net Cash from Financing Activities: ₹17.02 Lakhs
Audit Opinion
M/s. A D V & Associates, Chartered Accountants (FRN: 128045W), issued an unmodified (clean) audit opinion on the financial results. Partner Pratik Kabra (Membership No.: 611401) signed the report in Mumbai on May 29, 2026. The opinion states that the financial results give a true and fair view in conformity with Indian Accounting Standards (Ind AS).
Key Notes to Accounts
1. The company does not have different segments.
2. The financial results for the quarter ended March 31, 2026, are balancing figures between the audited full-year figures and the previously published unaudited year-to-date figures up to the third quarter.
3. The company has recognized the impact of implementing the New Labour Codes. This resulted in the recognition of:
- A Gratuity Defined Benefit Obligation of ₹6.11 Lakhs (₹5.02 Lakhs relates to past service cost).
- A Compensated leave obligation of ₹2.40 Lakhs as of 31 March 2026.
The related expenses and remeasurement impacts are recognized in the Statement of Profit and Loss and Other Comprehensive Income as per Ind AS 19.
Compliance and Dissemination
The financial results are also being advertised in newspapers in compliance with Regulation 47 of the SEBI LODR Regulations.
The document was signed and submitted by Rupali Dhiman, Company Secretary and Compliance Officer, on 29th May 2026.