Key Financial Figures (₹ in Lakhs)

Revenue:

  • Revenue from Operations: 20.97 (FY25: 790.46)
  • Other Income: 24.04 (FY25: 315.22)
  • Total Revenue: 45.02 (FY25: 1,105.68)

Expenditure:

  • Purchase of stock-in-trade: 10.18 (FY25: 63.88)
  • Employee Benefit Expenses: 49.17 (FY25: 217.76)
  • Finance Costs: 37.32 (FY25: 28.54)
  • Depreciation: 88.19 (FY25: 112.64)
  • Other Expenses: 286.48 (FY25: 1,420.15)
  • Prior Period Expenses: 441.95 (FY25: 0)

Profit/Loss:

  • Loss before tax: (868.28) (FY25: (4,446.66))
  • Net Loss after tax: (868.28) (FY25: (4,414.53))
  • Total Comprehensive Loss: (867.45) (FY25: (4,402.05))
  • Basic EPS: (1.61) (FY25: (8.17))
  • Diluted EPS: (1.61) (FY25: (8.17))

Balance Sheet Highlights:

  • Total Assets: 4,308.15 (FY25: 4,609.11)
  • Inventory: 3,803.00 (unchanged from FY25)
  • Trade Receivables: 100.69 (FY25: 201.94)
  • Cash & Cash Equivalents: 26.40 (FY25: 23.58)
  • Total Equity: 945.44 (FY25: 1,345.95)
  • Borrowings: 516.55 (FY25: 321.13)
  • Trade Payables: 2,363.58 (FY25: 2,858.52)

Dates of Significance

  • Annual General Meeting: September 30, 2026
  • Book Closure: September 24-30, 2026
  • Financial Year: April 1, 2025 to March 31, 2026
  • Board Meetings Held: 7 meetings during FY26 (dates: 24-04-2025, 30-05-2025, 05-08-2025, 01-09-2025, 28-10-2025, 26-12-2025, 20-01-2026)

Parties Involved

Regulators:

  • BSE Limited
  • SEBI
  • Registrar of Companies

Auditors:

  • Statutory Auditors: M/s Rafik & Associates, Chartered Accountants (FRN: 146573W)
  • Secretarial Auditor: M/s Ajay Kumar & Co., Practicing Company Secretaries
  • Internal Auditors: M/s VHUD & Associates, Chartered Accountants

Key Management:

  • Whole Time Director: Suchit Raghunath Modshing (DIN: 10974977)
  • CFO: Rajesh Julal More (appointed w.e.f. 26-12-2025)
  • Company Secretary: Ashdullah Khan (appointed w.e.f. 31-07-2026)

Related Parties:

  • Onelife Capital Advisors Limited
  • Dealmoney Commodities Pvt Ltd
  • Dealmoney Distribution and E-Marketing Pvt Ltd

Operational Impact

  • Physical hospital operations at Mira Road facility suspended since September 2024
  • Shift to digital healthcare delivery models through mobile applications
  • Inventory includes ₹3,803 lakhs worth of medicines and discount coupon vouchers valued at ₹3,803 lakhs
  • Employee strength reduced to 7 male employees as of March 31, 2026

Legal and Regulatory Proceedings

SEBI Matters:

  • Adjudication Order dated June 3, 2025 with penalty of ₹35.10 lakhs (paid under protest)
  • Previous SEBI penalty of ₹15.00 lakhs in March 2024 (already paid)

Legal Disputes:

  • Mahim lease dispute: Hon'ble High Court of Mumbai directed deposit of ₹367.73 lakhs by September 30, 2024
  • Small Causes Court issued distress warrant for ₹367.73 lakhs under Order XXI Rule 43 of CPC
  • Provision of ₹441.95 lakhs created for prior period expenses related to this dispute

Tax Matters:

  • GST demand of ₹76.55 lakhs for FY 2018-19 (under appeal)
  • Income tax demands of ₹98.34 lakhs (AY 2021-22) and ₹63.97 lakhs (AY 2022-23) under Section 143(1)

Capital Structure Changes

  • Preferential issue of 1,86,77,500 warrants at ₹10 each approved by shareholders
  • Received ₹4.66 crore as 25% upfront payment (including ₹4.50 crore from Dealmoney Commodities Pvt Ltd)
  • Balance 75% payable upon conversion within 18 months
  • Authorized share capital: ₹75 crore
  • Paid-up share capital: ₹54.01 crore

Cybersecurity Incident

  • Ransomware attack on January 30, 2026 affecting IT systems
  • Disclosed to stock exchange under Regulation 30 on January 31, 2026
  • Financial records reconstructed from alternate sources

Corporate Governance

  • Compliance certificate from practicing company secretary obtained
  • Whistle blower policy and vigil mechanism in place
  • No complaints received under POSH Act during FY26
  • Board evaluation conducted annually