Board Meeting Details

The Board of Directors meeting was held on 27th May, 2026 from 3:00 PM to 4:30 PM. The board:

  • Approved the Audited Financial Results for the quarter and year ended 31st March, 2026
  • Decided to convene an Extra-Ordinary General Meeting on Saturday, 27th June, 2026 at the Registered Office of the Company

Financial Results Overview

Standalone Statement of Profit and Loss (Rs. in Lakhs)

Quarter Ended 31.03.2026 (Audited):

  • Total Income: ₹57.32
  • Total Expenses: ₹11.33
  • Profit Before Tax: ₹45.99
  • Tax Expense: ₹0.16
  • Profit After Tax: ₹45.83
  • EPS - Basic: ₹0.41
  • EPS - Diluted: ₹0.41

Year Ended 31.03.2026 (Audited):

  • Total Income: ₹150.71
  • Total Expenses: ₹38.87
  • Profit Before Tax: ₹111.84
  • Tax Expense: ₹0.16
  • Profit After Tax: ₹111.68

Income Breakdown (Year Ended):

  • Interest Income: ₹108.41
  • Fees and commission income: ₹3.10
  • Profit on Sale of Investment: ₹2.44
  • Dividend Income: ₹0.07
  • Other Income: ₹20.81

Balance Sheet Position as at 31.03.2026 (Rs. in Lakhs)

Total Assets: ₹1,512.69

Financial Assets: ₹1,496.32 (including Loans: ₹1,365.02, Investments: ₹80.56, Other financial assets: ₹47.29)

Non-financial Assets: ₹16.37

Total Liabilities: ₹755.54

Financial Liabilities: ₹755.28 (including Borrowings: ₹747.80)

Non-financial liabilities: ₹0.26

Equity: ₹757.15

  • Equity share capital: ₹1,225.02
  • Other equity: (₹467.87)

Audit Qualifications

Statutory Auditors M/s Agarwal Khetan & Co., Chartered Accountants (FRN: 330054E) issued a qualified opinion with two main issues:

1. Fair Value Measurement of Investments: The company could not determine fair value of investments as required under IND AS due to absence of complete data from investee companies. Impact cannot be quantified.

2. Contingent Liability Provision: The company has not provided provision for contingent liability of ₹316.31 crore for corporate guarantee given for M/s Kohinoor Steel Private Limited, which is under CIRP process.

Preferential Share Issue

  • Received BSE approval on 29th December 2025
  • Allotted 92.5 lakh equity shares of ₹10 each at premium of ₹1.5 per share on 11th January 2026
  • Total proceeds: ₹1,063.75 lakhs
  • Object: Funding working capital requirements
  • Full amount utilized as of 31st March, 2026

Key Financial Ratios (Year Ended 31.03.2026)

  • Debt Equity Ratio: 1.00
  • Net Worth: ₹757.15 lakhs
  • Total debts to total assets ratio: 0.50
  • Net Profit margin: 74.10%

Cash Flow Statement (Year Ended 31.03.2026)

  • Net Cash from Operating Activities: ₹112.84 lakhs
  • Net Cash used in Investing Activities: (₹935.16) lakhs
  • Net Cash from Financing Activities: ₹830.30 lakhs
  • Net Increase in Cash: ₹0.93 lakhs
  • Cash and Cash Equivalents at end: ₹3.16 lakhs