Detailed Summary
Key Financial Figures (₹ Lakhs)
The company reported minimal operational activity for the quarter:
- Revenue from Operations: ₹0.31 lakh
- Other Income: ₹0.31 lakh
- Total Revenue (I+II): ₹0.31 lakh
- Total Expenses (IV): ₹14.74 lakh
- Cost of Materials consumed: ₹4.03 lakh
- Employee benefits expense: ₹0.10 lakh
- Other expenses: ₹10.61 lakh
- Profit before tax (IX): (₹14.43) lakh (Loss)
- Tax expense: ₹0.00 lakh
- Net Profit/(Loss) after tax (XI): (₹14.43) lakh (Loss)
- Paid-up equity share capital: ₹886.32 lakh (Face value: ₹10 per share)
- Earnings per Share (Basic & Diluted): (₹0.16)
Comparative Figures (₹ Lakhs)
The results include comparative figures for the previous quarters:
- Quarter ended June 30, 2025: Net Loss of ₹16.00 lakh
- Quarter ended March 31, 2026: Net Profit of ₹1,224.00 lakh (primarily from an exceptional item - Profit on Sale of fixed assets of ₹1,250.00 lakh)
- Quarter ended March 31, 2025: Net Profit of ₹1,216.00 lakh
Notes to Accounts
Note 01: NCLT Resolution Plan
The National Company Law Tribunal (NCLT) approved a resolution plan submitted by M/s Amrutha Constructions Private Limited, Bengaluru, on May 25, 2023. The plan has been fully implemented, and a compliance report was filed with the NCLT. The company received the final NCLT order on September 10, 2024.
Note 02: Asset Sale and Revamping
The company is in the process of reviving and revamping its manufacturing facilities. To part-finance this, it sold land and buildings situated in Silvassa. Based on obtained legal opinion, the company believes member approval for this sale was not required under Section 180(1)(a) of the Companies Act, 2013. Most redundant plant and equipment have been disposed of or written off; the remainder is classified as 'held for sale' at book value, with values to be revised at each balance date.
Note 03: GST Input Credit
The company is of the opinion that it will be able to utilize GST input credit aggregating to ₹126.37 lakhs. This situation will be reviewed at the year-end.
Note 04: Shareholder Complaints
No complaints were received from shareholders during the period under report.
Note 07 & 08: Accounting Policies and Provisions
The company has consistently followed the accounting policies declared in its annual accounts for the year ended March 31, 2026. Provisions for gratuity and leave encashment will be considered at the year-end based on actuarial valuation.
Note 10 & 11: Approval and Review
The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on August 13, 2026. The results have been subjected to a 'Limited Review' by the company's auditors, Brahmayya & Co., Chartered Accountants.
Auditor's Review Report
Brahmayya & Co. issued an unmodified review report on the financial results. Their report includes an 'Emphasis of Matter' paragraph, drawing attention to Note No. 3 regarding the preparation of financial statements on a going concern basis. The auditor's conclusion is not modified in respect of this matter.
Board Resolution
In its meeting on August 13, 2026, the Board of Directors approved the unaudited financial results. The Board authorized Ms. K Ramalakshmi, Director, to sign the results on behalf of the Board. The Board also authorized V. Subramanian, Secretary, to upload the results to the BSE portal and arrange for their publication in newspapers as per SEBI/stock exchange guidelines.