Board Meeting Details

The Board of Directors meeting was held on Friday, July 03, 2026, commencing at 6:15 PM IST and concluding at 8:30 PM IST. The Board considered and approved the Audited Financial Results for the quarter and year ended March 31, 2026, along with the Auditors' Report.

Key Audit Matters

The auditor reported no key audit matters to be communicated during the audit period.

Emphasis of Matter

The auditor drew attention to three specific matters:

1. Note 29: Entire management team changed during the current financial year as part of strategic reorganization. Operations continue on a going concern basis.

2. Note 30: Company's tax treatment regarding expenditure of ₹50,00,000 (₹50 lakh) incurred towards stamp duty and Form SH-7 filing fees for increase in authorized share capital. The Company has claimed this amount as revenue expenditure, relying on judicial precedent from Hindustan Machine Tools Ltd. vs. CIT (1989). No provision for tax disallowance has been made.

3. Note 27: All remaining employees separated from the Company during FY26, with full and final settlements executed. The remaining unutilized gratuity provision of ₹5 (hundred) was reversed to Statement of Profit and Loss. Closing defined benefit liability stands at Nil. Company has zero active headcount as of March 31, 2026, with no fresh employee liabilities being accrued.

Regulatory Compliance Issue

The Company did not fill the vacancy of Company Secretary and Compliance Officer within the period prescribed under Regulation 6 of SEBI LODR Regulations, 2015. The non-compliance was rectified with appointment on June 22, 2026.

Financial Results for Year Ended March 31, 2026

  • Revenue from Operations: ₹55.30 lakh (Previous year: ₹46.73 lakh)
  • Other Income: ₹33.39 lakh (Previous year: ₹2.64 lakh)
  • Total Revenue: ₹88.69 lakh (Previous year: ₹49.37 lakh)
  • Total Expenses: ₹84.53 lakh (Previous year: ₹86.08 lakh)
  • Profit/(Loss) before tax: ₹4.15 lakh (Previous year: ₹(36.71) lakh)
  • Tax Expense: Current tax ₹2.69 lakh; Deferred tax ₹(1.70) lakh
  • Net profit/(loss) for the year: ₹(0.24) lakh (Previous year: ₹(38.82) lakh)
  • Total Comprehensive Income/(Loss): ₹(0.24) lakh (Previous year: ₹(38.81) lakh)
  • Paid-up Equity Share Capital: ₹99.46 lakh (face value ₹10 each)
  • EPS Basic: ₹(0.02) (Previous year: ₹(3.92))
  • EPS Diluted: ₹(0.02) (Previous year: ₹(3.92))

Quarterly Financial Results (Q4 FY26)

  • Revenue from Operations: ₹11.00 lakh
  • Other Income: ₹9.48 lakh
  • Total Revenue: ₹20.48 lakh
  • Total Expenses: ₹59.68 lakh
  • Profit/(Loss) before tax: ₹(39.20) lakh
  • Net profit/(loss) for the quarter: ₹(43.59) lakh
  • EPS Basic: ₹(4.38)
  • EPS Diluted: ₹(4.38)

Balance Sheet Position as at March 31, 2026

  • Total Equity: ₹4.21 lakh
  • Non-current liabilities: ₹1.01 lakh
  • Current liabilities: ₹66.79 lakh
  • Non-current assets: ₹4.68 lakh
  • Current assets: ₹67.33 lakh
  • Total Assets: ₹72.01 lakh
  • Cash and cash equivalents: ₹20.21 lakh

Cash Flow Statement for Year Ended March 31, 2026

  • Net Cash from Operating Activities: ₹(2.19) lakh
  • Net Cash from Investing Activities: ₹39.83 lakh (including sale of investments ₹15.87 lakh, gain on investment ₹21.81 lakh, dividend income ₹2.09 lakh)
  • Net Cash from Financing Activities: ₹(23.00) lakh (loan repaid)
  • Net increase in cash: ₹14.64 lakh
  • Cash at beginning: ₹5.57 lakh
  • Cash at end: ₹20.21 lakh

Additional Information

  • Segment reporting under IND AS not applicable as company operates in single segment
  • Previous year/quarter figures regrouped/recasted where necessary
  • Financial results reviewed by Audit Committee and Statutory Auditor
  • Company maintains adequate internal financial controls as per auditor's report