Board Meeting Details

The Board of Directors meeting was held on 30th October, 2026, commencing at 02:30 P.M. and concluding at 03:15 P.M. The Board approved and took on record the Standalone Un-Audited Financial Results for the quarter ended 30th September, 2026.

Financial Results Overview (Quarter Ended 30th September 2026)

The company reported no income from operations or other income, resulting in total income of ₹0.00 lakh.

  • Expenses: Total expenses were ₹0.55 lakh, comprising:
  • Employee benefits expense: ₹0.27 lakh
  • Administrative & other expenses: ₹0.28 lakh (calculated from total expenses minus employee benefits)
  • Loss before tax: ₹(0.49) lakh
  • Tax expense: ₹0.00 lakh (both current and deferred tax)
  • Net loss for the quarter: ₹(0.49) lakh
  • Earnings per share (EPS): Basic and Diluted EPS were both ₹(0.07)

Financial Results Overview (Half-Year Ended 30th September 2026)

For the six-month period, the company also reported zero total income.

  • Expenses: Total expenses were ₹1.06 lakh
  • Loss before tax: ₹(10.61) lakh
  • Net loss for the half-year: ₹(10.61) lakh
  • Earnings per share (EPS): Basic and Diluted EPS were both ₹(0.13)

Balance Sheet Position (As at 30th September 2026)

  • Total Assets: ₹13.26 lakh
  • Non-current assets: ₹9.63 lakh (Property, plant and equipment: ₹0.89 lakh; Other non-current assets: ₹8.74 lakh)
  • Current assets: ₹3.63 lakh (Cash and cash equivalents: ₹1.60 lakh; Other financial assets: ₹2.03 lakh)
  • Equity: Negative ₹(160.64) lakh
  • Equity share capital: ₹80.94 lakh (Face value ₹10 each)
  • Other equity (Reserves): ₹(241.58) lakh
  • Liabilities: ₹173.90 lakh
  • Current financial liabilities: ₹17.14 lakh (Borrowings: ₹13.42 lakh; Trade payables: ₹0.24 lakh; Other financial liabilities: ₹3.48 lakh)
  • Other current liabilities: ₹0.76 lakh

Cash Flow Statement (Six Months Ended 30th September 2026)

  • Cash from operating activities: Net cash used was ₹(12.51) lakh
  • Cash from investing activities: ₹0.00 lakh
  • Cash from financing activities: Net cash generated was ₹11.00 lakh from proceeds of short-term borrowings
  • Net decrease in cash: ₹(1.51) lakh
  • Cash at beginning: ₹3.10 lakh
  • Cash at end: ₹1.60 lakh

Material Uncertainty Related to Going Concern

The company's auditors, Bohra & Co., drew attention to a material uncertainty regarding the company's ability to continue as a going concern. Key concerns include:

  • The company has no business operations and is looking for a new suitable business project.
  • The company has incurred losses due to administrative and other expenses.
  • Net worth has become negative.
  • Current liabilities exceed current assets.
  • Depreciable fixed assets have been fully depreciated in earlier years.
  • The holding company has provided a commitment to infuse funds as needed for working capital requirements or other shortfalls arising from lack of operations.

Historical Context

The auditors noted that this material uncertainty has been highlighted consistently in their limited review reports for quarters ended from 31st December 2014 to 30th June 2026, and in audit reports for financial years ended 31st March 2015 to 31st March 2026.

Additional Notes

  • There are no business activities in the current quarter, previous quarter, or previous years.
  • Consequently, there are no reportable segments under Ind AS 108 'Operating Segments'.
  • The company continues to search for a new suitable business project.