Board Meeting Details

The Board of Directors approved the audited financial results at its meeting held on 25th May 2026.

Financial Results Overview

Income Statement Highlights (FY26 vs FY25):

  • Revenue from operations: ₹4,308.84 lakh (FY25: ₹3,128.89 lakh)
  • Other income: ₹16.30 lakh (FY25: ₹1.88 lakh)
  • Total Revenue: ₹4,325.14 lakh (FY25: ₹3,130.77 lakh)
  • Net Profit/(Loss) after tax: ₹16.88 lakh (FY25: Net Loss of ₹95.98 lakh)
  • Earnings per share (Basic & Diluted): ₹0.00 (FY25: ₹0.12)

Balance Sheet Highlights (as at 31.03.2026 vs 31.03.2025):

  • Total Assets: ₹9,704.10 lakh (₹7,619.38 lakh)
  • Equity Share Capital: ₹3,488.34 lakh (₹3,323.36 lakh)
  • Total Equity: ₹1,330.80 lakh (₹625.17 lakh)
  • Total Liabilities: ₹8,373.31 lakh (₹6,994.22 lakh)
  • Cash and cash equivalents: ₹29.58 lakh (₹2,412.72 lakh)

Cash Flow Statement (FY26):

  • Net cash used in operating activities: ₹(271.78) lakh
  • Net cash from investing activities: ₹137.70 lakh
  • Net cash from financing activities: ₹130.10 lakh
  • Net decrease in cash: ₹(3.98) lakh

Auditor's Report Emphasis of Matter

CNGSN & Associates LLP highlighted several key issues:

1. Delay in statutory dues remittance including GST, TDS (February and March unpaid), EPF contributions, and ESI dues with applicable interest

2. Inconsistent discharge of liability under Reverse Charge Mechanism (RCM) for GST

3. Unpaid MSME dues with interest aggregating to ₹10,05,21,229 beyond due dates prescribed under MSMED Act, 2006

4. Limited verification of GST and Input Tax Credit claims due to voluminous transactions, relying on test checks and internal audit reports

Additional Notes

1. The financial results were reviewed by the Audit Committee and approved by the Board on 25th May 2026

2. Company operates in a single business segment - Construction

3. Implementation of four new Labour Codes notified by Government of India on 21st November 2025 has been accounted for in FY26 results

4. Preferential issue of equity shares raised ₹6,60,76,092 on 8th May 2025, with ₹5,14,199.54 utilized during the quarter ended 31st March 2026

5. No deviation/variation in use of issue proceeds from stated objectives