Key Quantitative Figures
Quarter Ended 30.09.2026:
- Revenue from Operations: ₹308.98 lakh
- Other Income: ₹8.06 lakh
- Total Revenue: ₹317.04 lakh
- Total Expenses: ₹289.12 lakh
- Profit Before Tax: ₹27.92 lakh
- Profit After Tax: ₹27.92 lakh
- Basic EPS: ₹0.09
- Diluted EPS: ₹0.09
- EBITDA: ₹29.91 lakh
Half Year Ended 30.09.2026:
- Revenue from Operations: ₹589.14 lakh
- Other Income: ₹11.52 lakh
- Total Revenue: ₹600.66 lakh
- Total Expenses: ₹740.93 lakh
- Loss Before Tax: ₹(140.27) lakh
- Loss After Tax: ₹(140.27) lakh
- Basic EPS: ₹(0.44)
- Diluted EPS: ₹(0.44)
- EBITDA: ₹(136.32) lakh
Balance Sheet as at 30.09.2026:
- Total Assets: ₹1,600.91 lakh
- Equity Share Capital: ₹3,222.74 lakh
- Other Equity: ₹(60,749.25) lakh
- Total Equity: ₹(57,526.51) lakh (Negative Net Worth)
- Non-current Liabilities: ₹2,635.64 lakh
- Current Liabilities: ₹56,491.78 lakh
- Cash and Cash Equivalents: ₹115.40 lakh
- Other Bank Balance: ₹928.19 lakh
Dates of Action
- CIRP Commencement: 18.08.2020 (NCLT Order No. IB-2695/ND/2019)
- Resolution Plan Approval: 21.07.2026
- Financial Results Period: Quarter ended 30.09.2026
- Limited Review Report Date: 19.10.2026
- Submission to Exchange: 02.11.2026
Parties Involved
- Resolution Professional: Pardeep Kumar Lakhani (IBBI/IPA-001/IP-P00541/2017-2018/10966)
- Successful Resolution Applicant: Indus Intellirisk & Intellisense Services Private Limited
- Auditors: NGMKS & Associates (Firm Registration No. 024492N)
- Financial Creditors: Representatives on monitoring committee
Financial Impact Qualifications
Basis for Qualified Opinion by Auditors:
1. Going concern uncertainty due to substantial negative net worth (₹57,526.51 lakh), accumulated losses, and default in bank repayments
2. No restructuring provision created as required by Ind AS 37 despite CIRP process
3. Financial impact of approved resolution plan not considered in these results pending implementation
Capital Structure Impact
- Equity Share Capital remains unchanged at ₹3,222.74 lakh
- No dilution or change in share capital structure reported
- Negative net worth of ₹(57,526.51) lakh
Cash Flow Implications
Half Year Ended 30.09.2026:
- Cash from Operating Activities: ₹553.52 lakh
- Cash from Investing Activities: ₹5.28 lakh
- Cash from Financing Activities: ₹0.00 lakh
- Net Increase in Cash: ₹558.80 lakh
- Opening Cash Balance: ₹369.39 lakh
- Closing Cash Balance: ₹928.19 lakh
Governance Context
- All executive directors, CFO and Company Secretary resigned before CIRP commencement
- Board powers suspended and vested with Resolution Professional since 18.08.2020
- Monitoring committee constituted with representatives of Financial Creditors, SRA and Resolution Professional
- Resolution Professional appointed as chairman of monitoring committee
- Financial results prepared by present employees and hired consultants
- Results taken on record by Resolution Professional exercising Board powers under Section 17 of IBC
Implementation Status
- Resolution Plan approved by NCLT on 21.07.2026
- Monitoring committee supervising management of corporate debtor
- Appointment of directors as suggested by Successful Resolution Applicant approved by monitoring committee
- DIR-12 filing with ROC pending
- Financial impact of resolution plan not yet reflected in financial statements