Key Financial Figures (Standalone, in ₹ Lakhs)

Profit and Loss Statement for Year Ended March 31, 2026:

  • Total Income: ₹824.93
  • Finance Costs: ₹637.61
  • Impairment on financial instruments: ₹138.65
  • Employee benefits expense: ₹34.94
  • Loss Before Tax: ₹710.29
  • Tax Expenses: ₹279.63 (Deferred tax credit: ₹279.63)
  • Net Loss for the Year: ₹430.66
  • Total Comprehensive Income for the Year: ₹937.44 (loss)

Balance Sheet as at March 31, 2026:

  • Total Assets: ₹8,017.69
  • Financial Assets: ₹8,017.62 (Cash & cash equivalents: ₹64.86; Bank balances: ₹2,807.25; Trade receivables: ₹4,943.67; Loans: ₹6.34; Investments: ₹1.25; Other financial assets: ₹5,086.30)
  • Total Liabilities: ₹442.52
  • Financial Liabilities: ₹101.75 (Trade payables: ₹0.12 to micro/small enterprises, ₹8.69 to others; Borrowings: ₹8.81; Other financial liabilities: ₹103.88)
  • Equity: ₹7,575.25 (Equity share capital: ₹6,402.18; Other equity: ₹1,173.07)

Cash Flow Statement for Year Ended March 31, 2026:

  • Net cash used in operating activities: ₹285.51
  • Net cash used in investing activities: ₹143.63
  • Net cash from financing activities: ₹88.98
  • Net decrease in cash & cash equivalents: ₹52.90
  • Cash and cash equivalents at year-end: ₹64.86

Audit Report Details

  • Auditor: Kushal S. Poonia & Co. (Firm Regn. No. 156576W)
  • Opinion: Qualified Opinion
  • Date of Audit Report: May 29, 2026

Basis for Qualified Opinion:

1. Non-compliance with Indian Accounting Standards (Ind AS) regarding provisioning and recognition of expected losses/liabilities. Unable to verify adequacy of provisions.

2. No standardized methodology, supporting workings, or documented basis for interest income calculations as an NBFC. Unable to verify accuracy of interest income (₹114.64 lakhs for FY26).

Emphasis of Matter:

1. Loan agreements, sanction documents, and credit appraisal records not furnished for verification. Unable to comment on compliance, recoverability, classification, and valuation of loans (₹3,576.70 lakhs outstanding).

2. Selective availability of balance confirmations from customers, borrowers, and other parties. Unable to independently verify accuracy and recoverability.

3. Detailed salary sheets, payroll records, and supporting documents for employee remuneration and benefits not available. Unable to verify accuracy and compliance with Ind AS 19.

4. Write-off of ₹4.84 lakhs during the year without adequate supporting documents, approvals, or justification. Unable to determine if adjustments are required.

Other Regulatory Disclosures

  • Statement of Deviation or Variations: Not Applicable
  • Disclosure of Outstanding Default on Loans and Debt Securities: Not Applicable (No defaults by the Company)
  • Related Party Transactions: Disclosed in annexures (not provided in this document)
  • Impact of Audit Qualifications: Disclosed in annexures (not provided in this document)

Board Meeting Details

  • Date: May 29, 2026
  • Time: 5:00 PM to 5:30 PM (IST)
  • Actions: Approved audited financial results for quarter and year ended March 31, 2026; noted audit report

Company Registration and Status

  • NBFC Registration: Certificate of Registration 05.02810 from RBI under Section 45-IA of RBI Act, 1934
  • Not a Core Investment Company as defined by RBI

Additional Information from Auditor's Report

  • Pending litigations exist that would impact financial position (amount not quantified)
  • No long-term contracts including derivative contracts with material foreseeable losses
  • No amounts required to be transferred to Investor Education and Protection Fund
  • No dividend declared or paid during the year
  • Accounting software used does not have audit trail (edit log) facility
  • No fraud noticed or reported during the year
  • No whistle blower complaints received
  • Company has not incurred cash losses during FY26 or immediately preceding financial year

Loan Portfolio Details (From Annexure B)

  • Loans granted during year: ₹1,313.39 lakhs
  • Loans to related parties during year: ₹23.00 lakhs
  • Total loans outstanding as of March 31, 2026: ₹3,576.70 lakhs
  • Provision for Non-Performing Assets: ₹1,510.99 lakhs
  • Certain loan accounts overdue for more than ninety days as of March 31, 2026

Tax Matters

  • Unresolved disputed income tax demand: ₹300.86 lakhs for AY 2018-19 (no appeal filed)
  • No undisputed statutory dues in arrears for more than six months as of March 31, 2026