Financial Performance Highlights

Quarter Ended 30-Sep-2026 (Unaudited):

  • Total Income: ₹0.00 lakh (zero revenue from operations)
  • Total Expenses: ₹17.70 lakh
  • Employee benefits expense: ₹0.72 lakh
  • Finance costs: ₹14.18 lakh
  • Depreciation and amortization expense: ₹1.39 lakh
  • Other expenses: ₹1.40 lakh
  • Profit before tax: ₹(17.70) lakh loss
  • Profit for the period: ₹(17.70) lakh loss
  • Total comprehensive income: ₹(17.70) lakh loss
  • Basic and Diluted EPS: ₹(0.50) per share (Face value ₹10/-)

Half Year Ended 30-Sep-2026 (Unaudited):

  • Total Income: ₹0.00 lakh
  • Total Expenses: ₹43.90 lakh
  • Profit before tax: ₹(43.91) lakh loss
  • Total comprehensive income: ₹(43.91) lakh loss
  • Basic and Diluted EPS: ₹(1.24) per share

Comparative Figures (Quarter):

  • Q1 FY2026 (Jun-2026): Loss of ₹26.20 lakh
  • Q2 FY2025 (Sep-2025): Loss of ₹18.90 lakh

Financial Position as at 30-Sep-2026

Assets (₹ in lakhs):

  • Total Assets: ₹435.36 lakh
  • Non-Current Assets: ₹296.35 lakh
  • Property, plant and equipment: ₹835 [Note: This appears to be a data entry error as it doesn't reconcile with total]
  • Deferred Tax Asset: ₹50.50 lakh
  • Other non-current assets: ₹237.50 lakh
  • Current Assets: ₹139.01 lakh
  • Cash and cash equivalents: ₹0.12 lakh
  • Loans: ₹22.50 lakh
  • Other Current assets: ₹116.39 lakh

Equity and Liabilities (₹ in lakhs):

  • Equity Share Capital: ₹355.00 lakh
  • Other Equity: ₹(616.57) lakh (accumulated losses)
  • Total Equity: ₹(261.57) lakh (negative net worth)
  • Non-Current Liabilities: ₹399.56 lakh (Borrowings)
  • Current Liabilities: ₹297.37 lakh
  • Trade Payables: ₹99.74 lakh
  • Other Financial Liabilities: ₹178.18 lakh
  • Other current liabilities: ₹19.45 lakh

Cash Flow Statement (Half Year Ended 30-Sep-2026)

  • Net cash used in operating activities: ₹(13.51) lakh
  • Net cash from financing activities: ₹12.00 lakh (proceeds from borrowings)
  • Net decrease in cash: ₹(1.51) lakh
  • Cash equivalents at beginning: ₹1.63 lakh
  • Cash equivalents at end: ₹0.12 lakh

Critical Accounting Notes

Going Concern Uncertainty (Note 4):

The Company has incurred accumulated losses exceeding its net worth, resulting in erosion of net worth. The statutory auditors, Gorantla & Co, have drawn attention to this material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.

Management's Assessment:

Despite the negative net worth, management is confident of meeting obligations by:

  • Generating cash flows through development of new software (currently shown under Capital Work-in-Progress)
  • Raising additional funds through investments and other available means if required
  • The financial statements have been prepared on a going concern basis based on management's assessment