Board Meeting Outcomes
The Board of Directors meeting held on May 28, 2026 (5:30 PM to 6:00 PM) approved:
1. Audited Financial Results along with Auditors Report for Q4 and year ended March 31, 2026
2. Re-appointment of M/s. VKMG & Associates, LLP as Secretarial Auditors for FY2026-2027, based on Audit Committee recommendation
Financial Performance Highlights (₹ in lakhs)
Quarter Ended March 31, 2026 (Audited):
- Revenue from Operations: ₹25 lakhs
- Other Income: Not specified
- Total Revenue: ₹25 lakhs
- Total Expenses: ₹993 lakhs (including Premium on Debenture Redemption write-off of ₹988 lakhs)
- Loss before tax: ₹(968) lakhs
- Loss for the period: ₹(968) lakhs
- Basic and Diluted EPS: ₹(48.39) per share of ₹10 each
Year Ended March 31, 2026 (Audited):
- Total Revenue: ₹58 lakhs
- Total Expenses: ₹1,004 lakhs (including Premium on Debenture Redemption write-off)
- Loss before tax: ₹(945) lakhs
- Loss for the year: ₹(945) lakhs
- Basic and Diluted EPS: ₹(47.26) per share of ₹10 each
Comparative Financials (₹ in lakhs)
Quarter Comparisons:
- Q4 FY26: Loss ₹(968) lakhs vs Q4 FY25: Loss ₹(112) lakhs
- Q3 FY26: Profit ₹9 lakhs (Unaudited)
Half-Year Comparisons:
- H2 FY26: Loss ₹(959) lakhs vs H1 FY25: Loss ₹(442) lakhs
Balance Sheet Position (as at March 31, 2026)
- Paid-up Equity Share Capital: ₹200 lakhs (unchanged from previous year)
- Other Equity: Negative ₹(8,606) lakhs (FY25: Negative ₹(7,660) lakhs)
- Total Equity: Negative ₹(8,406) lakhs (FY25: Negative ₹(7,460) lakhs)
- Long Term Borrowings: ₹10,388 lakhs (FY25: ₹7,420 lakhs)
- Total Assets: ₹2,552 lakhs (FY25: ₹522 lakhs)
- Cash & Cash Equivalents: ₹4 lakhs (FY25: ₹1 lakh)
Significant Accounting Treatment
- Premium on Debenture Redemption written off: ₹988 lakhs in Q4 FY26
- The company has only one operating segment, hence segment reporting under IND AS 108 not applicable
Debenture Redemption Updates
1. Series A Debentures: ₹30 crores with redemption premium of ₹37.20 crores extended to March 31, 2028, with additional redemption premium of ₹26.88 crores
2. Series B Debentures: ₹5 crores with redemption premium of ₹2.00 crores extended to March 31, 2028, with additional redemption premium of ₹2.80 crores
Cash Flow Statement (Year ended March 31, 2026)
- Net cash from operating activities: ₹4 lakhs
- Net cash from investing activities: Not specified
- Net cash from financing activities: Not specified
- Net increase in cash: ₹3 lakhs
- Opening cash balance: ₹1 lakh
- Closing cash balance: ₹4 lakhs
Additional Information
- Company registration: CIN L17120MH1949PLC007731