Board Meeting Details

The Board of Directors meeting was held on October 26, 2026, commencing at 16:30 and concluding at 16:50. The Board considered and approved the standalone unaudited financial results for the quarter and half-year ended September 30, 2026, along with the Limited Review Report thereon.

Financial Performance Highlights

Quarterly Performance (Q2 FY27 vs Q2 FY26 vs Q1 FY27)

  • Revenue from Operations: ₹0.00 (vs ₹0.00 in Q1 FY27, vs ₹59.99 in Q2 FY25)
  • Other Income: ₹0.00 (vs ₹0.00 in Q1 FY27, vs ₹0.24 in Q2 FY25)
  • Total Income: ₹0.00 (vs ₹0.00 in Q1 FY27, vs ₹0.24 in Q2 FY25)
  • Employee Benefits Expense: ₹1.42 lakh (vs ₹1.31 lakh in Q1 FY27, vs ₹0.10 lakh in Q2 FY25)
  • Finance Costs: ₹3.00 lakh (vs ₹3.00 lakh in Q1 FY27, vs ₹2.50 lakh in Q2 FY25)
  • Depreciation: ₹2.93 lakh (vs ₹2.92 lakh in Q1 FY27, vs ₹3.06 lakh in Q2 FY25)
  • Other Expenses: ₹6.15 lakh (vs ₹1.74 lakh in Q1 FY27, vs ₹0.48 lakh in Q2 FY25)
  • Total Expenses: ₹13.50 lakh (vs ₹8.97 lakh in Q1 FY27, vs ₹6.14 lakh in Q2 FY25)
  • Loss Before Tax: ₹(13.50) lakh (vs ₹(8.97) lakh in Q1 FY27, vs ₹(5.90) lakh in Q2 FY25)
  • Tax Expense: ₹0.00 (Deferred tax benefit of ₹7.20 lakh in Q1 FY27, tax expense of ₹1.99 lakh in Q2 FY25)
  • Net Loss: ₹(1.77) lakh (vs ₹(1.77) lakh in Q1 FY27, vs ₹(7.89) lakh in Q2 FY25)
  • Other Comprehensive Income: ₹0.00 (vs ₹0.00 in Q1 FY27, vs ₹(19.14) lakh in Q2 FY25)
  • Total Comprehensive Loss: ₹(12.18) lakh (vs ₹(1.77) lakh in Q1 FY27, vs ₹(27.03) lakh in Q2 FY25)
  • EPS (Basic & Diluted): ₹(3.19) (vs ₹(0.46) in Q1 FY27, vs ₹(2.06) in Q2 FY25)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹0.00 (vs ₹59.99 in H1 FY26)
  • Other Income: ₹0.00 (vs ₹0.48 in H1 FY26)
  • Total Income: ₹0.00 (vs ₹0.48 in H1 FY26)
  • Employee Benefits Expense: ₹2.73 lakh (vs ₹0.70 lakh in H1 FY26)
  • Finance Costs: ₹6.00 lakh (vs ₹4.94 lakh in H1 FY26)
  • Depreciation: ₹5.85 lakh (vs ₹6.21 lakh in H1 FY26)
  • Other Expenses: ₹7.89 lakh (vs ₹12.27 lakh in H1 FY26)
  • Total Expenses: ₹22.47 lakh (vs ₹24.12 lakh in H1 FY26)
  • Loss Before Tax: ₹(22.47) lakh (vs ₹(23.64) lakh in H1 FY26)
  • Tax Expense: ₹(8.52) lakh deferred tax benefit (vs ₹1.73 lakh tax expense in H1 FY26)
  • Net Loss: ₹(13.95) lakh (vs ₹(25.37) lakh in H1 FY26)
  • Other Comprehensive Income: ₹0.00 (vs ₹(21.65) lakh in H1 FY26)
  • Total Comprehensive Loss: ₹(13.95) lakh (vs ₹(47.02) lakh in H1 FY26)
  • EPS (Basic & Diluted): ₹(3.65) (vs ₹(6.63) in H1 FY26)

Balance Sheet Position (as of September 30, 2026 vs March 31, 2026)

  • Total Assets: ₹566.02 lakh (decreased from ₹651.31 lakh)
  • Non-Current Assets: ₹512.98 lakh (decreased from ₹516.87 lakh)
  • Property, plant and equipment: ₹43.85 lakh (vs ₹49.70 lakh)
  • Capital work in progress: ₹262.44 lakh (unchanged)
  • Intangible assets: ₹0.06 lakh (unchanged)
  • Non-current investments: ₹204.67 lakh (unchanged)
  • Deferred tax assets: ₹1.96 lakh (vs not disclosed)
  • Current Assets: ₹53.04 lakh (decreased from ₹134.44 lakh)
  • Trade receivables: ₹5.31 lakh (unchanged)
  • Cash and cash equivalents: ₹1.00 lakh (decreased from ₹83.07 lakh)
  • Bank balances other than cash equivalents: ₹17.25 lakh (unchanged)
  • Current tax assets: ₹1.69 lakh (unchanged)
  • Other current assets: ₹27.79 lakh (vs ₹27.12 lakh)
  • Total Equity: ₹413.22 lakh (decreased from ₹427.17 lakh)
  • Equity share capital: ₹38.24 lakh (unchanged)
  • Other equity: ₹374.98 lakh (decreased from ₹388.93 lakh)
  • Non-Current Liabilities: ₹0.00 (vs ₹6.56 lakh deferred tax liabilities)
  • Current Liabilities: ₹152.80 lakh (decreased from ₹217.58 lakh)
  • Borrowings: ₹84.17 lakh (decreased from ₹149.17 lakh)
  • Trade payables: ₹1.91 lakh (vs ₹0.70 lakh)
  • Other financial liabilities: ₹0.00 (vs ₹0.21 lakh)
  • Other current liabilities: ₹66.72 lakh (vs ₹67.50 lakh)

Cash Flow Statement (H1 FY27 vs H1 FY26)

  • Net Cash from Operating Activities: ₹(11.07) lakh (vs ₹6.70 lakh)
  • Net Cash from Investing Activities: ₹0.00 (vs ₹18.07 lakh)
  • Net Cash from Financing Activities: ₹(71.00) lakh (vs ₹(25.06) lakh)
  • Net Decrease in Cash: ₹(82.07) lakh (vs ₹(0.29) lakh)
  • Cash at Beginning: ₹83.07 lakh (vs ₹1.44 lakh)
  • Cash at End: ₹1.00 lakh (vs ₹1.15 lakh)

Additional Information

  • Business Segment: Single operating segment of trading in Real Estate Materials
  • Insolvency Process: Shareholders approved a pre-packaged insolvency resolution process under section 54 read with Section 10 of the Insolvency and Bankruptcy Code, 2016 through special resolution on May 27, 2021. NCLT Ahmedabad approved the resolution plan on September 05, 2023. The company is completing statutory, financial and operational formalities including amalgamation.
  • Financial Statement Basis: Prepared in accordance with Indian Accounting Standards (Ind AS)
  • Review Status: Results reviewed by Audit Committee and approved by Board. Statutory auditors expressed an unqualified conclusion.
  • Previous Period Figures: Regrouped/reclassified where necessary for current period comparison