Financial Results Overview
For the year ended 31st March, 2026:
- Revenue from operations: ₹1,681.02 lakh
- Other income: ₹56.62 lakh
- Total Income: ₹1,737.64 lakh
- Total Expenses: ₹1,700.14 lakh
- Profit before tax: ₹37.50 lakh
- Tax expenses: ₹30.38 lakh (Current tax: ₹19.21 lakh, Previous year tax: ₹(12.09) lakh, Deferred tax: ₹(5.71) lakh)
- Net Profit after tax: ₹24.67 lakh
- Other comprehensive income: Not specified
- Total comprehensive income: Not separately quantified
- Paid-up equity share capital: ₹539.65 lakh (Face value ₹10 per share)
For the quarter ended 31st March, 2026 (balancing figure):
- The results represent the balancing figure between audited full-year figures and published unaudited year-to-date figures up to the third quarter.
Assets and Liabilities Position (as at 31st March, 2026)
- Total Assets: ₹2,504.98 lakh
- Non-Current Assets: ₹325.95 lakh (Property, Plant and Equipment: ₹1.12 lakh, Deferred Tax Asset: ₹24.83 lakh, Investments: Not fully specified but sub-total shows ₹360.00 lakh with apparent reconciliation difference)
- Current Assets: ₹2,179.03 lakh (Investments: ₹292.62 lakh, Cash and Cash Equivalents: ₹111.89 lakh, Other Financial Assets: ₹27.97 lakh, Trade Receivables: ₹1,594.28 lakh, Other Current Assets: ₹152.26 lakh)
- Equity: ₹1,975.15 lakh (Equity Share Capital: ₹539.65 lakh, Other Equity: ₹1,435.50 lakh)
Legal and Regulatory Proceedings
The Company is involved in proceedings before the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) arising from two petitions:
1. C.P. No. (IB) 347/CHE/2020 filed by M/s. M.B. Gupta HUF and others:
- NCLT Chennai allowed the Company's maintainability application (IA (IBC) 1177(CHE)/2020) on 18th September 2025
- Appellants filed an appeal before NCLAT Chennai, which was marked defect-free on 16th May 2026 and is pending for directions
2. C.P. 38/CHE/2023 filed by Mr. Suresh Kumar Jalan and others:
- Application seeking transfer from NCLT Chennai to another bench (TA (C. Act)-20(P8)/2026) was dismissed by NCLT New Delhi Principal Bench on 20th May 2026
- The petition remains pending before NCLT Chennai
Both cases represent re-litigation of matters previously dismissed across multiple forums including the erstwhile Company Law Board, the Hon'ble High Court of Madras, and the Hon'ble Supreme Court of India.
Business Operations Update
The Company had only one business segment while in operation. Manufacturing operations were suspended and the plant closed since 24 April 1995. The plant, machinery and equipment were subsequently disposed of, with the residuary asset (land) disposed of in November 2020. The Company has since resumed trading in iron & steel products, including engineering products, in the international market and currently operates only in a single segment of trading.
Compliance Statements
- Deviation or variation for proceeds of public issue, rights issue, preferential issue, QIP: Not Applicable
- Outstanding default on loans and debt securities: Not Applicable
- Related party transactions: Not Applicable (applicable only for half-yearly filings)
- Impact of audit qualifications: Not Applicable (unmodified opinion)