Detailed Summary

Board Meeting Outcomes

The Board of Directors meeting was held on 30th May 2026 at the company's registered office in Thane, commencing at 04:30 PM and concluding at 07:15 PM. The Board transacted the following business:

  • Approved the Audited Standalone Financial Results for the quarter and financial year ended 31st March 2026 pursuant to Regulation 33 of SEBI LODR Regulations, 2015.
  • Took on record the Audit Report issued by the Statutory Auditors on the Audited Financial Results for FY26.
  • Approved the Statement of Assets and Liabilities as of 31st March 2026 and the Cash Flow Statement for FY26.
  • Adopted the Declaration pursuant to Regulation 33(3)(d) regarding the Auditors' Report with unmodified opinion on the Audited Financial Results for FY26.

Financial Results (Amounts in ₹ Lakhs)

Income Statement Highlights for Year Ended 31st March 2026:

  • Revenue from operations: ₹11.44 (Previous Year: ₹205.99)
  • Other income: ₹7.94 (Previous Year: ₹0.25)
  • Total Income: ₹19.38 (Previous Year: ₹206.24)
  • Total Expenses: ₹32.43 (Previous Year: ₹214.21)
  • Loss before tax: ₹(13.05) (Previous Year: ₹(11.97))
  • Tax expense: ₹0.02 (Previous Year: ₹(0.10))
  • Net loss for the year: ₹(13.07) (Previous Year: ₹(11.87))
  • Total Comprehensive Income: ₹(13.07) (Previous Year: ₹(11.87))
  • Paid-up equity share capital: ₹967.75 (Face value ₹10 each)
  • Basic and Diluted EPS: ₹(0.14) (Previous Year: ₹(0.12))

Half-Year Ended 31st March 2026 (Audited):

  • Revenue from operations: ₹(0.06)
  • Other income: ₹7.93
  • Total Income: ₹7.87
  • Net loss: ₹(0.36)
  • Basic and Diluted EPS: ₹(0.00)

Exceptional Items:

For the previous year (2024-25), exceptional items of ₹4.00 lakhs represented bad debts written off, as management deemed the amount unrecoverable.

Assets and Liabilities Position as of 31st March 2026 (₹ Lakhs)

Liabilities:

  • Non-current liabilities: ₹79.45
  • Current liabilities: ₹1,199.78
  • Total Liabilities: ₹1,199.78 (Previous Year: ₹1,204.54)

Assets:

  • Non-current assets: ₹62.48 (including Property Plant & Equipment of ₹2.76)
  • Current assets: ₹1,199.78 (including Inventories of ₹4.76, Trade receivables of ₹372.34, Cash and cash equivalents of ₹1.85, and Short-term loans and advances of ₹702.78)
  • Total Assets: ₹1,199.78 (Previous Year: ₹1,204.54)

Cash Flow Statement for Year Ended 31st March 2026 (₹ Lakhs)

  • Net cash flow from operating activities: ₹(5.60) (Previous Year: ₹(72.65))
  • Net cash flow from investing activities: ₹0.00
  • Net cash flow from financing activities: ₹4.56 (Previous Year: ₹74.68) [Proceeds from borrowings: ₹4.77; Finance cost: ₹(0.21)]
  • Net decrease in cash and cash equivalents: ₹(1.04) (Previous Year: increase of ₹2.03)
  • Cash and cash equivalents at beginning: ₹2.73 (Previous Year: ₹0.70)
  • Cash and cash equivalents at end: ₹1.69 (Previous Year: ₹2.73)

Regulatory Compliance Disclosures

Related Party Transactions:

The company declared that Regulation 23(9) of SEBI LODR Regulations, 2015 regarding disclosure of related party transactions is not applicable. This is because the company's paid-up Equity Share Capital does not exceed ₹10 Crores and its Net Worth does not exceed ₹25 Crores, as per Regulation 15(2)(a).

Audit Declaration:

A separate declaration was filed pursuant to Regulation 33(3)(d) confirming that the Statutory Auditors issued an Audit Report with an unmodified opinion on the Audited Financial Results for FY26.

Additional Notes to Financial Results

  • The Financial results were reviewed by the Audit Committee and taken on record by the Board of Directors.
  • The Company's operations are considered as a single segment.
  • Figures of previous period have been re-grouped/rearranged/re-classified where necessary.
  • Financial Results prepared in accordance with Accounting Standards specified under Companies Act, 2013.
  • Figures for the half year ended 31st March 2026 and 31st March 2025 are balancing figures between audited full years and unaudited half years ended 30th September respectively.