Key Financial Figures (FY 2025-26)

  • Total Income: ₹ Nil (Previous Year: ₹ Nil)
  • Total Expenditure: ₹ 34.32 Lakhs (Previous Year: ₹ 34.12 Lakhs)
  • Depreciation: ₹ Nil (Previous Year: ₹ Nil)
  • Profit/(Loss) before Taxation: ₹ (34.32) Lakhs (Previous Year: ₹ (34.12) Lakhs)
  • Provision for Taxation: ₹ Nil (Previous Year: ₹ Nil)
  • Net Profit/(Loss): ₹ (34.32) Lakhs (Previous Year: ₹ (34.12) Lakhs)
  • Earnings Per Share (EPS): ₹ (0.05) basic and diluted (Previous Year: ₹ (0.05))

Capital Structure (As of 31st March, 2026)

  • Authorized Capital: ₹ 15,00,00,000 divided into 1,50,00,000 Equity Shares of ₹10/- each.
  • Issued, Subscribed and Paid-up Capital: ₹ 7,45,28,000 divided into 74,52,800 Equity Shares of ₹10/- each. No changes during the year.
  • Major Shareholder: Mrs. Jhansi Lakshmi Vellanki holds 41,97,192 shares (56.32% of paid-up capital).

Liquidity and Solvency Position (As of 31st March, 2026)

  • Total Assets: ₹ 11.55 Lakhs (Previous Year: ₹ 10.69 Lakhs)
  • Investments (Non-Current): ₹ 3.34 Lakhs in equity of Munoth Investments Limited.
  • Cash and Cash Equivalents: ₹ 0.23 Lakhs (Previous Year: ₹ 0.44 Lakhs)
  • Other Current Assets: ₹ 7.98 Lakhs (mainly Input Tax Credits and Loans/Advances)
  • Borrowings (Non-Current): ₹ 206.61 Lakhs from M3 Resources Pvt. Ltd. (Previous Year: ₹ 171.49 Lakhs)
  • Trade Payables: ₹ 0.02 Lakhs (Previous Year: ₹ 0.01 Lakhs)
  • Other Current Liabilities: ₹ 0.65 Lakhs (Provisions) (Previous Year: ₹ 0.60 Lakhs)
  • Retained Earnings (Accumulated Losses): ₹ (941.01) Lakhs (Previous Year: ₹ (906.69) Lakhs)
  • Current Ratio: 12.29 (Previous Year: 12.00)
  • Debt-Equity Ratio: Negative due to accumulated losses.

Operational and Business Update

The company did not undertake any commercial activities during the financial year 2025-26. The Board's Report states that despite efforts by promoters, no business initiatives were activated, but the Board remains optimistic about activating business initiatives in the near future.

Directors and Key Managerial Personnel (KMP)

Board Composition as on 31st March, 2026:

  • Mr. Ramesh Satagopan (DIN:00935017) - Independent Director and Chairman
  • Mr. Kandala Reddy Bhakthavatsala (DIN:00697854) - Non-Executive Director (Retires by rotation)
  • Ms. Sravana Sudhamsa Nimmaraju (DIN:09766555) - Woman Independent Director
  • Mr. Sanga Tejaswi (DIN:08784189) - Whole-Time Director and Chief Financial Officer (CFO)
  • Ms. Mounika Bandam (M. No. A77289) - Company Secretary and Compliance Officer (Appointed 16-May-2025, replacing Ms. Rupal Pandey who resigned on 15-May-2025)

Board Meetings: Six meetings were held during the year on 08-May-2025, 20-May-2025, 14-Jul-2025, 11-Aug-2025, 07-Nov-2025, and 29-Jan-2026. Attendance was high for all directors.

Board Committees:

  • Audit Committee: Mr. Ramesh Satagopan (Chairman), Mr. K Bhakthavatsala Reddy, Ms. Sravana Sudhamsa Nimmaraju. Four meetings held.
  • Nomination and Remuneration Committee (NRC): Ms. Sravana Sudhamsa Nimmaraju (Chairperson), Mr. Ramesh Satagopan, Mr. K. Bhakthavatsala Reddy. One meeting held.
  • Stakeholders' Relationship Committee (SRC): Mr. Ramesh Satagopan (Chairman), Mr. Bhakthavatsala Reddy, Mr. Sanga Tejaswi. One meeting held.

Director Re-appointment: Mr. Kandala Reddy Bhakthavatsala retires by rotation at the upcoming AGM and, being eligible, offers himself for re-appointment. His brief resume is provided in the notice.

Dividend

In view of the losses incurred, the Directors do not recommend any dividend for the year ended 31st March, 2026.

Corporate Governance and Compliance

The company has received declarations of independence from its Independent Directors under Section 149(7) of the Companies Act, 2013.

Auditors and Reports

Statutory Auditors: Messrs. S. Vishnu & Co., Chartered Accountants (Firm Regn. No. 005179S), were appointed until the conclusion of the 42nd AGM in 2029. They issued an unqualified audit opinion on the standalone financial statements.

Secretarial Auditor: Ms. Kalaivani S, Practising Company Secretary, conducted the secretarial audit. The report is unqualified but notes that the company represented it has a system for tracking Unpublished Price Sensitive Information (UPSI), though certain lapses in entering records in the Structured Digital Database (SDD) software were noted.

Internal Auditor: Appointed as required under the Act; the report was verified.

Related Party Transactions (RPTs)

The company states there are no particulars of contracts or arrangements with Related Parties pursuant to Section 188(1) of the Companies Act, 2013 for FY 2025-26. The only disclosed related party balance is the shareholding of Mrs. Jhansi Lakshmi Vellanki.

Loans, Guarantees, and Investments

  • Investments: The company holds an investment of ₹3.34 Lakhs in the equity shares of Munoth Investments Limited.
  • Loans/Guarantees: The company has not given any loans or issued any guarantees under Section 186 of the Companies Act, 2013.

Subsequent Events

There are no material changes or events subsequent to the balance sheet date (31st March, 2026) until the signing of the Board's Report (27th May, 2026).

Annual General Meeting (AGM) Details

  • Event: 39th Annual General Meeting
  • Date & Time: Monday, 31st August, 2026, at 11:30 AM
  • Mode: Video Conference (VC) / Other Audio Visual Means (OAVM), as permitted by MCA Circular.
  • Business:

1. To receive, consider, and adopt the Audited Financial Statements for FY 2025-26.

2. To appoint a director in place of Mr. Kandala Reddy Bhakthavatsala (DIN:00697854), who retires by rotation.

  • Record Date: Monday, 24th August, 2026, for determining members entitled to vote.
  • E-Voting: Remote e-voting period from Thursday, 27th August, 2026 (9:00 AM) to Sunday, 30th August, 2026 (5:00 PM), facilitated by CDSL. E-voting will also be available during the AGM for those who haven't voted remotely.

Other Regulatory and Compliance Disclosures

  • Public Deposits: The company has not accepted any deposits within the meaning of Sections 73 and 74 of the Companies Act, 2013.
  • Corporate Social Responsibility (CSR): Provisions of Section 135 are not applicable to the company.
  • Internal Financial Controls (IFC): The Statutory Auditors' report states that the company has adequate IFC over financial reporting which were operating effectively as of March 31, 2026.
  • Sexual Harassment: No complaints were received or pending during the year under the Sexual Harassment of Women at Workplace Act, 2013. An Internal Complaints Committee (ICC) is not constituted as the company has less than ten workers.
  • Investor Education and Protection Fund (IEPF): No unpaid or unclaimed amounts were required to be transferred to the IEPF during the year.
  • Fraud Reporting: No fraud was reported by the auditors or management under Section 143(12) of the Companies Act, 2013.
  • Material Orders: No significant/material orders were passed by regulators, courts, or tribunals impacting the going concern status.
  • Conservation of Energy/Technology Absorption: Not applicable as there are no manufacturing operations.
  • Number of Employees: 3 permanent employees as of March 31, 2026 (1 Female, 2 Male).
  • Registrar and Share Transfer Agent (RTA): Cameo Corporate Services Limited
  • International Securities Identification Number (ISIN): INE601F01016

Risk Management

The company has a formulated Risk Management Policy and a mechanism to apprise the Board about risk assessment and mitigation procedures.

Going Concern

The financial statements are prepared on a going concern basis. The auditors' report notes this is based on the assumption that the company will commence operations and generate cash flows in the future, despite accumulated losses eroding 100% of net worth.