Board Meeting Details

The Board of Directors meeting was held on Saturday, 31st October, 2026, at the Corporate Office situated at A/1-303, Palladium Business Park, Near Orchid Wood, Opp. Divyabhaskar Corporate Road, Makarba, Jivraj Park, Ahmedabad, Gujarat, India - 380 051. The meeting commenced at 2:00 P.M. and concluded at 5:30 P.M.

Financial Results Approval

The Board considered and approved the Unaudited Financial Results of the Company for the Quarter and Half Year ended on 30th September, 2026 along with Limited Review Report.

Financial Performance (Quarter Ended 30.09.2026)

  • Revenue from Operations: ₹228.12 lakh (Interest Income)
  • Other Income: ₹0.04 lakh
  • Total Income: ₹228.16 lakh
  • Finance Cost: ₹177.67 lakh
  • Employee Benefit Expenses: ₹1.49 lakh
  • Total Expenses: ₹490.63 lakh
  • Loss before Tax: ₹(262.47) lakh
  • Tax Expense: ₹0.00 lakh
  • Net Loss: ₹(262.47) lakh
  • Other Comprehensive Income: ₹(483.81) lakh
  • Total Comprehensive Income: ₹(746.28) lakh
  • Earnings per Share (Basic): ₹(0.41)
  • Earnings per Share (Diluted): ₹(0.41)

Financial Performance (Half Year Ended 30.09.2026)

  • Revenue from Operations: ₹486.42 lakh
  • Other Income: ₹0.04 lakh
  • Total Income: ₹486.46 lakh
  • Finance Cost: ₹177.78 lakh
  • Employee Benefit Expenses: ₹9.98 lakh
  • Total Expenses: ₹612.73 lakh
  • Loss before Tax: ₹(314.03) lakh
  • Tax Expense: ₹0.00 lakh
  • Net Loss: ₹(314.03) lakh
  • Other Comprehensive Income: ₹(483.81) lakh
  • Total Comprehensive Income: ₹(797.84) lakh
  • Earnings per Share (Basic): ₹(0.50)
  • Earnings per Share (Diluted): ₹(0.50)

Comparative Figures

Quarter Comparison (30.09.2026 vs 30.09.2025):

  • Revenue from Operations: ₹228.12 lakh vs ₹156.96 lakh
  • Net Profit/(Loss): ₹(262.47) lakh vs ₹102.27 lakh
  • EPS: ₹(0.41) vs ₹3.10

Half Year Comparison (30.09.2026 vs 30.09.2025):

  • Revenue from Operations: ₹486.42 lakh vs ₹321.51 lakh
  • Net Profit/(Loss): ₹(314.03) lakh vs ₹159.98 lakh
  • EPS: ₹(0.50) vs ₹4.85

Balance Sheet Position (as at 30.09.2026)

  • Total Assets: ₹15,078.24 lakh
  • Financial Assets: ₹15,044.19 lakh (including Investments: ₹14,252.24 lakh, Cash: ₹323.72 lakh)
  • Non-financial Assets: ₹34.05 lakh
  • Financial Liabilities: ₹5,181.80 lakh (Borrowings)
  • Non-financial Liabilities: ₹256.29 lakh
  • Equity: ₹9,640.15 lakh (Share Capital: ₹6,340.41 lakh, Other Equity: ₹3,299.74 lakh)

Cash Flow Statement (Half Year Ended 30.09.2026)

  • Net cash used in operating activities: ₹(456.45) lakh
  • Net cash from investing activities: ₹416.73 lakh
  • Net cash from financing activities: ₹341.57 lakh (from borrowings)
  • Net increase in cash and cash equivalents: ₹301.85 lakh
  • Cash and cash equivalents at beginning: ₹21.85 lakh
  • Cash and cash equivalents at end: ₹323.72 lakh

Auditor's Limited Review Report

DDS & ASSOCIATES, Chartered Accountants (Firm Registration No. 120362W) issued a qualified conclusion on the financial results.

Basis for Qualified Conclusion:

The Company has unsecured loans aggregating to ₹5,181.80 lakh outstanding as at 30 September 2026, which are not supported by formal written loan agreements executed with the respective parties. In the absence of formal loan agreements, the terms and conditions governing such loans, including repayment terms, tenure, rate of interest, security, and other relevant contractual obligations, are not formally documented. Consequently, the auditors are unable to independently verify the contractual terms and conditions governing these loans and their consequential implications on the financial results.

Review Conclusion:

Except for the possible effects of the matter described in the Basis for Qualified Conclusion paragraph, nothing has come to their attention that causes them to believe that the accompanying Statement contains any material misstatement.