Board Meeting Details

The Board of Directors meeting was held on 10th November 2026 from 02:00 PM to 03:30 PM at the registered office in Hyderabad. The board approved:

  • Unaudited financial results for quarter ended 30-09-2026 and half-year ended 30-09-2026
  • Reviewed and noted the Limited Review Report for the same periods

Financial Performance Highlights (Standalone, in ₹ lakhs)

Quarter Ended 30-09-2026:

  • Revenue from Operations: ₹0 (no operations)
  • Total Expenses: ₹3.93
  • Employee Benefit Expense: ₹0.50
  • Other Expenses: ₹3.03
  • Net Loss after tax: ₹(3.93)
  • Basic & Diluted EPS: ₹(0.19) per share (face value ₹10)

Half Year Ended 30-09-2026:

  • Revenue from Operations: ₹0 (no operations)
  • Total Expenses: ₹9.77
  • Employee Benefit Expense: ₹1.80
  • Other Expenses: ₹7.96
  • Net Loss after tax: ₹(9.77)
  • Basic & Diluted EPS: ₹(0.46) per share (face value ₹10)

Balance Sheet Position (as at 30-09-2026, in ₹ lakhs)

  • Total Assets: ₹5.65
  • Non-current Assets: ₹1.58 (Property, Plant and Equipment)
  • Current Assets: ₹4.08 (Cash & Cash Equivalents: ₹2.25, Other Financial Assets: ₹1.83)
  • Total Equity: ₹(1,373.93) (Negative)
  • Equity Share Capital: ₹2,115.00
  • Other Equity: ₹(1,585.43) (Negative)
  • Non-Current Liabilities: ₹1,377.87 (Long-term borrowings)
  • Current Liabilities: ₹1.72

Cash Flow Statement (Half Year Ended 30-09-2026, in ₹ lakhs)

  • Net cash flow from Operating Activities: ₹0.77
  • Net cash used in Investing Activities: ₹0
  • Net cash used in Financing Activities: ₹10.00
  • Net increase in cash: ₹10.77
  • Opening cash balance: ₹1.48
  • Closing cash balance: ₹2.25

Audit and Review Status

The financial results were reviewed by the Audit Committee and approved by the Board. Statutory auditors GMK Associates (FRN: 0069455) expressed an unmodified opinion on the limited review but included emphasis of matter regarding:

1. Financial results not prepared on a going concern basis

2. Absence of confirmation of balances, with uncertain financial impact

Additional Information

  • The company has one reportable segment as per Ind AS 108
  • Previous period figures have been regrouped/reclassified for comparability
  • Financial impact of the emphasis matters cannot be determined at this time