Board Meeting Details

The Board of Directors meeting was held on Wednesday, August 5, 2026, at 1:00 PM at the registered office of the Company. The meeting concluded at 2:15 PM.

Key Board Approvals

1. Approved the Unaudited Financial Results (Standalone & Consolidated) of the Company for the Quarter ended June 30, 2026

2. Took note of Limited Review Report (Standalone & Consolidated) for the Quarter ended June 30, 2026

3. Approved the strategic launch of a new corporate identity for its Real Estate business under the brand name 'CROISSANCE REALTY'

4. The Company will initiate formal trademark applications under the relevant classes of the Trade Marks Act, 1999

Standalone Financial Results (Rupees in lakhs except earning per share)

Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from operations: ₹3.24
  • Other Income: ₹9.05
  • Total Revenue: ₹12.29
  • Total Expenses: ₹11.70
  • Purchase of stock in trade: ₹1.75
  • Changes in inventories of work in progress and stock in trade: ₹2.05
  • Employee benefit expenses: ₹4.50
  • Depreciation and amortization: ₹0.05
  • Other expenses: ₹3.35
  • Profit before tax: ₹0.59
  • Tax expense: ₹0.15 (Current tax)
  • Profit for the period from continuing operations: ₹0.44
  • Total Comprehensive Income for the period: ₹0.44
  • Paid up Equity Share Capital (face value ₹1/- each): ₹685.48
  • Earnings per equity share (Basic and Diluted): ₹0.00

Comparative Figures:

  • Preceding quarter (March 31, 2026, Audited): Revenue ₹27.70, Profit ₹0.66
  • Corresponding quarter previous year (June 30, 2025, Unaudited): Revenue not specified, Profit ₹1.36
  • Previous financial year (March 31, 2026, Audited): Revenue ₹60.68, Profit ₹5.43

Consolidated Financial Results (Rupees in lakhs)

Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from operations: ₹3.24
  • Other Income: ₹9.05
  • Total Revenue: ₹12.29
  • Total Expenses: ₹11.70
  • Profit before tax: ₹0.59
  • Tax expense: ₹0.15 (Current tax)
  • Profit for the period from continuing operations: ₹0.44
  • Total Comprehensive Income for the period: ₹0.44
  • Paid up Equity Share Capital: ₹685.48
  • Earnings per equity share (Basic and Diluted): ₹0.00

Notes to Financial Statements

1. Financial results prepared in accordance with Indian Accounting Standard (Ind AS) prescribed under Section 133 of the Companies Act 2013

2. Compliance with Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated July 5, 2016

3. No reportable segments as per Ind AS provisions

4. Previous period figures regrouped wherever necessary

Auditor's Qualified Opinion

Standalone Results:

YCRJ & Associates issued a qualified opinion citing:

  • Revenue includes other income of ₹9.05 lakhs for which adequate supporting documentation and basis for recognition has not been made available for verification
  • Unable to confirm whether the revenue is appropriately stated

Consolidated Results:

Additional qualifications for consolidated results:

  • Annual financial results of subsidiary Delicieux Restaurants Private Limited not subjected to limited review by auditors
  • Consolidated results include management certified unaudited financial results of subsidiaries
  • Subsidiaries included: Delicieux Restaurants Private Limited (85% Subsidiary) and Corbel Energy Private Limited (51% Subsidiary)
  • Subsidiaries contributed total revenues of ₹Nil and net Profit/Loss after tax of ₹Nil for the quarter