Financial Results Summary (Quarter Ended September 30, 2026)

  • Total Income: ₹9.24 lakh (consisting solely of Interest Income; Other Income was nil)
  • Total Expenses: ₹8.78 lakh (comprising Employee Benefits Expense: ₹1.71 lakh, Depreciation: ₹0.10 lakh, Other Expenses: ₹6.97 lakh)
  • Profit Before Tax: ₹0.47 lakh
  • Total Tax Expense: ₹4.16 lakh (entirely from Short Provision of earlier Year)
  • Net Loss for the Quarter: ₹(3.70) lakh
  • Earnings Per Share (Basic & Diluted): (₹0.00)
  • Paid-up Equity Share Capital: ₹59,337.93 lakh (Face value ₹1 per share)

Financial Results Summary (Half Year Ended September 30, 2026)

  • Total Income: ₹129.12 lakh (Interest Income: ₹129.12 lakh; Other Income: nil)
  • Total Expenses: ₹14.18 lakh
  • Profit Before Tax: ₹114.93 lakh
  • Total Tax Expense: ₹33.80 lakh (₹29.64 lakh Current Tax + ₹4.16 lakh Short Provision)
  • Net Profit for the Half Year: ₹110.77 lakh
  • Earnings Per Share (Basic & Diluted): ₹0.00

Comparative Financials (All figures in ₹ lakh)

Quarterly Comparison (Unaudited):

  • Sep-2026: Net Loss of (3.70)
  • Jun-2026: Net Profit of 84.37
  • Sep-2025: Net Profit of 32.28

Half-Yearly Comparison (Unaudited):

  • Sep-2026: Net Profit of 110.77
  • Sep-2025: Net Profit of 30.23

Annual Comparison (Audited):

  • Mar-2026: Net Loss of (119.38)

Limited Review Report Key Findings

The Statutory Auditor, Rajesh H Gupta & Co. (FRN: 133884W), issued a Limited Review Report with several critical qualifications:

1. SEBI Interim Order: Draws attention to an Interim Order dated August 19, 2026, passed by SEBI. The order contains prima facie observations regarding financial transactions undertaken by the Company, including alleged round-tripping of funds and related loan transactions. The auditor notes these transactions pertain to periods prior to their appointment.

2. Outstanding Loan: A loan amounting to ₹160 crore is outstanding. Management stated it is to be converted into equity, thus no interest has been provided for.

3. Unbooked Interest on Advances: Interest on advances given of ₹822.94 crore has not been booked during the audit period. The management's explanation is that most are under CIRP [Corporate Insolvency Resolution Process], which creates a risk to the going concern assumption.

4. Investment Valuation: Investments in equity shares amounting to approximately ₹175.17 crore are carried at existing/book values without appropriate fair value measurement as required under Ind AS 109. The auditor is unable to verify the carrying amount or resultant gain/loss due to a lack of valuation workings and documentation.

Balance Sheet Highlights as of September 30, 2026 (Unaudited)

  • Total Assets: ₹1,00,304.97 lakh
  • Non-Current Assets: ₹17,734.89 lakh (primarily Other Non-Current Assets: ₹17,694.08 lakh)
  • Current Assets: ₹82,570.08 lakh (primarily Loans: ₹82,294.73 lakh)
  • Equity: ₹84,257.49 lakh (Equity Share Capital: ₹59,337.93 lakh; Other Equity: ₹24,919.56 lakh)
  • Non-Current Liabilities: ₹16,014.22 lakh (Borrowings: ₹16,000.00 lakh)
  • Current Liabilities: ₹33.26 lakh

Cash Flow Statement for Period Ended September 30, 2026 (Unaudited)

  • Net Cash from Operating Activities: ₹2.39 lakh
  • Net Cash from Investing Activities: ₹(0.50) lakh
  • Net Cash from Financing Activities: ₹(1.41) lakh
  • Net Increase in Cash: ₹1.49 lakh
  • Cash and Equivalents at End of Period: ₹13.04 lakh

Notes to Financial Results

1. The results were reviewed by the Audit Committee and approved by the Board on November 14, 2026.

2. Prepared in compliance with Indian Accounting Standards (Ind AS).

3. The format is modified per SEBI circulars and Ind AS requirements.

4. Figures for previous periods have been regrouped for consistency.