Board Meeting Outcomes

The Board of Directors meeting, held from 6:30 PM to 7:30 PM on August 31, 2026, considered, approved, and took on record the following items:

1. Approved the Audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report of the Statutory Auditors, upon the recommendation of the Audit Committee.

2. Approved the Board's Report, Corporate Governance Report, and Notice of the 41st Annual General Meeting (AGM).

3. Approved the Annual Book Closure for the 41st AGM. The AGM is scheduled to be held on Wednesday, September 30, 2026, at 2:00 P.M. at the company's registered office in Mumbai.

4. Finalized the Cut-off Date for remote e-voting and e-voting at the ensuing AGM.

5. Approved the appointment of a Scrutinizer for the E-Voting process.

6. Addressed any other routine matters.

The financial results were also scheduled to be published in a newspaper in the prescribed format.

Financial Results - Standalone (All figures in ₹ Lakhs, unless stated)

Income Statement for Quarter Ended June 30, 2026:

  • Revenue From Operations: 0.00 (Compared to ₹211.72 Lakhs in Q4 FY26 and ₹356.75 Lakhs in Q1 FY26)
  • Other Income: ₹102.28 (Compared to ₹160.13 Lakhs in Q4 FY26 and ₹108.31 Lakhs in Q1 FY26)
  • Total Income: ₹102.28 (Compared to ₹371.85 Lakhs in Q4 FY26 and ₹465.06 Lakhs in Q1 FY26)

Expenses:

  • Employee Benefits Expense: ₹18.64
  • Depreciation and Amortization Expense: ₹124.33
  • Other Expenses: ₹36.12
  • Total Expenses: ₹189.09

Profit/(Loss):

  • Profit/(Loss) before exceptional items and tax: (₹86.82)
  • Exceptional Items: 0.00
  • Profit/(Loss) before tax: (₹86.82)
  • Tax Expense: ₹0.00 (Current, Deferred, and Earlier Tax all nil)
  • Profit/(Loss) for the period from continuing operations: (₹86.82)
  • Profit/(Loss) from discontinued operations: ₹0.00
  • Total Comprehensive Income for the period: (₹86.82)

Earnings Per Share (EPS) for continuing operations (Face Value ₹1/-):

  • Basic EPS: (₹0.021)
  • Diluted EPS: (₹0.021)

Capital Structure:

  • Paid-up equity share capital: ₹4,227.35 Lakhs

Financial Results - Consolidated (All figures in ₹ Lakhs, unless stated)

The consolidated results include the holding company and its five wholly-owned subsidiaries: Cressanda Analytics Limited, Cressanda Retails Solutions Private Limited, Cressanda E-Platform Private Limited, Cressanda Consumers Private Limited, and Cressanda Renewable Energy Solutions Limited.

Income Statement for Quarter Ended June 30, 2026:

  • Revenue From Operations: 0.00 (Compared to ₹214.60 Lakhs in Q4 FY26)
  • Other Income: ₹102.28 (Compared to ₹156.91 Lakhs in Q4 FY26)
  • Total Income: ₹102.28 (Compared to ₹371.51 Lakhs in Q4 FY26)

Expenses:

  • Employee Benefits Expense: ₹28.74
  • Depreciation and Amortization Expense: ₹124.33
  • Other Expenses: ₹36.62
  • Total Expenses: ₹189.69

Profit/(Loss):

  • Profit/(Loss) before exceptional items and tax: (₹87.42)
  • Exceptional Items: 0.00
  • Profit/(Loss) before tax: (₹87.42)
  • Tax Expense: ₹0.00
  • Profit/(Loss) for the period from continuing operations: (₹87.42)
  • Total Comprehensive Income for the period: (₹87.42)

Earnings Per Share (EPS) for continuing operations (Face Value ₹1/-):

  • Basic EPS: (₹0.021)
  • Diluted EPS: (₹0.021)

Auditor's Review Report & Qualifications

The statutory auditors, H. Rajen & Co., Chartered Accountants (FRN-108351W), issued a limited review report with multiple significant qualifications:

1. Lack of Documentation for Loans & Advances: No proper documents, supporting evidence, or evidence was available for current financial asset loans and advances amounting to ₹7677.93 Lakhs. This prevents the auditor from forming an opinion on these assets and their impact on the profit and loss account, including necessary provisioning.

2. Pending Confirmations: Some trade payables, trade receivables, and other financial liabilities are subject to confirmation. The relevant impact, if any, on the statement of profit & loss and the balance sheet is unascertainable.

3. Ongoing SEBI Investigation: The company is under investigation by the Securities and Exchange Board of India (SEBI). The final input from these investigations is still pending, and the auditor is unable to identify the impact on the financial statements.

4. Lack of Audit Trail: The company is not maintaining books of accounts with an edit log feature, as prescribed under Rule 3(1) of the Companies Accounts Rules, 2014. The absence of an edit log limits the auditor's ability to independently verify changes to financial records and indicates a lack of robust controls for financial transparency and compliance.

Despite these qualifications, based on their review, nothing came to their attention that caused them to believe the accompanying statement contained any material misstatement.

Segment Reporting (Standalone)

For the quarter ended June 30, 2026:

  • Segment Revenue: Revenue from Advertising services was ₹0.00 (₹211.72 Lakhs in Q4 FY26).
  • Segment Assets: Advertising services segment assets were reported at ₹1,499 Lakhs.
  • Segment Liabilities: Advertising services segment liabilities were reported at ₹2,644 Lakhs.