Key Financial Figures (₹ in Lakhs)

Income Statement:

  • Revenue from operations: ₹600.87 (Previous year: ₹1,915.37)
  • Other income: ₹1.44 (Previous year: ₹2.58)
  • Total income: ₹602.32 (Previous year: ₹1,917.95)
  • Total expenses: ₹934.65 (Previous year: ₹2,282.83)
  • Loss before tax: ₹332.33 (Previous year: ₹364.89)
  • Tax expense: ₹2.50 (deferred tax) (Previous year: ₹12.09)
  • Net loss after tax: ₹334.83 (Previous year: ₹376.98)
  • Basic and diluted EPS: (₹9.21) (Previous year: (₹10.37))

Balance Sheet Position (as of 31st March 2026):

  • Authorized share capital: ₹4,00,00,000 (40,00,000 equity shares of ₹10 each)
  • Paid-up share capital: ₹3,63,62,500 (36,36,250 equity shares of ₹10 each)
  • Reserves and surplus: ₹724.62 (Securities premium: ₹1,248.28; Surplus: (₹523.66))
  • Long-term borrowings: ₹23.90 (Bajaj Finance loan)
  • Short-term borrowings: ₹117.07 (ICICI Bank OD)
  • Cash and cash equivalents: ₹17.62
  • Inventories: ₹194.96
  • Trade receivables: ₹75.93

Capital Structure Impact

No change in share capital during the financial year. The paid-up equity share capital remained at ₹3,63,62,500 divided into 36,36,250 equity shares of ₹10 each.

Operational Highlights

  • Total revenue from operations decreased to ₹600.87 lakhs from ₹1,915.37 lakhs in previous year
  • Company continues in retail of pre-owned luxury cars business
  • Board looking for new avenues for future growth
  • No dividend recommended for FY 2025-26 to conserve resources

Material Changes and Commitments

1. Change in Registered Office: Shifted from G-07, Ground Floor, Ambience Mall, Nelson Mandela Road, Vasant Kunj, South West Delhi, New Delhi to Office 507, 5th Floor, Eros Corporate Tower, Nehru Place, South Delhi, New Delhi w.e.f. 8th January, 2026

2. Alteration of Object Clause: Memorandum of Association altered through addition of new clauses to expand business activities, approved by Board on 30th March 2026 and by members via Special Resolution on 29th April 2026

Corporate Governance and Board Matters

  • Board Meetings: 8 meetings held during the year
  • Director Changes:
  • Mr. Purushottam resigned as CFO w.e.f. 14th June, 2025
  • Mr. Prateek Malhotra appointed as CFO w.e.f. 17th November, 2025 and resigned w.e.f. 3rd July, 2026
  • Ms. Monam Kapoor appointed as Additional Non-Executive and Independent Director w.e.f. 17th November, 2025
  • Mr. Chirag Mittal resigned as Non-executive and Independent Director w.e.f. 17th November, 2025
  • Mr. Ish Sadana appointed as Additional Non-Executive and Independent Director w.e.f. 3rd February, 2026
  • Ms. Drashti Prafulbhai Dedaniya resigned as Non-Executive and Independent Director w.e.f. 3rd February, 2026

AGM Details

  • Date: 29th August, 2026 at 03:00 P.M.
  • Mode: Video Conferencing/Other Audio-Visual Means
  • Business:

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Mr. Mahavir Kumar Bothra (DIN: 02502222) who retires by rotation

  • Record Date: 22nd August, 2026 to 29th August, 2026 (both days inclusive)
  • E-voting Period: 26th August, 2026 (9:00 A.M.) to 28th August, 2026 (5:00 P.M.) through NSDL

Other Disclosures

  • No funds transferred to Investor Education and Protection Fund
  • No deposits accepted from public during the year
  • No corporate social responsibility applicability as company doesn't meet criteria
  • No holding/subsidiary/associate companies or joint ventures
  • Shares under compulsory demat form with ISIN: INE0QOQ01013

Management Discussion and Analysis

  • Global economic challenges due to geopolitical tensions affecting energy prices
  • Indian economy showing resilience with projected GDP growth of 6.4% for 2026
  • Company operating in pre-owned luxury car market and IT services
  • Opportunities in growing certified pre-owned luxury segment and after-sales services
  • Threats include industry transformation towards electric mobility and global economic uncertainty

Secretarial Audit Report

Clean report issued by M/s. Gaurav Bachani & Associates confirming compliance with:

  • Companies Act, 2013 and rules made thereunder
  • Securities Contracts (Regulation) Act, 1956
  • Depositories Act, 1996
  • SEBI Regulations including LODR, 2015
  • Secretarial Standards issued by ICSI

CEO Compliance Certificate

Mr. Aneesh Mathur certified that:

  • Financial statements present true and fair view
  • No fraudulent, illegal or violative transactions entered into
  • Internal controls for financial reporting established and effective
  • No significant changes in internal controls or accounting policies
  • No significant fraud instances involving management