Key Financial Figures (₹ in Lakhs)

Quarter Ended September 30, 2026 (Unaudited):

  • Total Income: ₹0.00
  • Total Expenses: ₹17.16
  • Employee benefits expense: ₹0.56
  • Finance costs: ₹10.92
  • Depreciation and amortisation expense: ₹0.44
  • Other expenses: ₹5.24
  • Loss before tax: ₹(17.16)
  • Total tax expense (Deferred Tax): ₹(4.32)
  • Net Loss for the period: ₹(12.84)
  • Earnings per equity share (Basic and Diluted): ₹(0.72)

Half Year Ended September 30, 2026 (Unaudited):

  • Total Income: ₹0.00
  • Total Expenses: ₹33.18
  • Employee benefits expense: ₹0.99
  • Finance costs: ₹21.62
  • Depreciation and amortisation expense: ₹0.87
  • Other expenses: ₹9.70
  • Loss before tax: ₹(33.18)
  • Total tax expense (Deferred Tax): ₹(8.35)
  • Net Loss for the period: ₹(24.83)
  • Earnings per equity share (Basic and Diluted): ₹(1.40)

Comparative Figures (Unaudited):

  • Quarter Ended September 30, 2025: Net Loss of ₹(9.38); EPS ₹(0.53)
  • Half Year Ended September 30, 2025: Net Loss of ₹(20.23); EPS ₹(1.14)
  • Year Ended March 31, 2026 (Audited): Net Loss of ₹(46.02); EPS ₹(2.60)

Statement of Assets and Liabilities (₹ in Lakhs)

As at September 30, 2026 (Unaudited):

  • Total Assets: ₹180.47
  • Non-Current Assets: ₹175.95 (Property, Plant and Equipment: ₹75.46; Deferred Tax Assets: ₹80.09; Other: ₹20.40)
  • Current Assets: ₹4.52 (Cash and Cash Equivalents: ₹2.28; Other: ₹2.24)
  • Total Equity and Liabilities: ₹180.47
  • Total Equity: ₹(235.32) (Equity Share Capital: ₹177.19; Other Equity: ₹(412.51))
  • Total Liabilities: ₹415.79 (All Current Liabilities; includes Borrowings: ₹414.00)

As at March 31, 2026 (Audited):

  • Total Assets: ₹202.72; Total Equity: ₹(210.49); Total Liabilities: ₹413.21

Statement of Cash Flow (₹ in Lakhs)

Half Year Ended September 30, 2026 (Unaudited):

  • Net Cash From Operating Activities: ₹(15.59)
  • Net Cash Flow From Investing Activities: ₹0.00
  • Net Cash Flow From Financing Activities: ₹(15.95) (Proceeds from Borrowings: ₹15.00; Interest Paid: ₹(30.95))
  • Net Change in Cash and Cash Equivalents: ₹(31.54)
  • Cash and Cash Equivalents at period end: ₹2.28 (Cash in hand: ₹0.06; Bank Balance: ₹2.22)

Notes to the Financial Results

1. The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on October 30, 2026.

2. Going Concern Note: The net worth of the company is fully eroded, and its current liabilities exceed its current assets. The company is developing its land assets in Goa, and based on these future plans, the financial statements have been prepared on a going concern basis. The auditor's report draws attention to this matter but does not modify its conclusion.

3. The Statement of Assets and Liabilities and Statement of Cash Flow are annexed.