The financial results were reviewed by the Audit Committee and subsequently approved by the Board. The statutory auditors, Sunil Vankawala & Associates, have conducted a limited review of these results and issued a qualified conclusion report.

The trading window for dealing in the company's securities by insiders, as defined under SEBI (Prohibition of Insider Trading) Regulations, 2015, will re-open from Thursday, July 23, 2026.

Key Financial Figures (₹ in Lakhs)

  • Revenue from Operations: 921.36 (Q1 FY27) vs. 3,595.12 (Q1 FY26)
  • Total Income: 921.36 (Q1 FY27) vs. 3,595.12 (Q1 FY26)
  • Total Expenses: 843.32 (Q1 FY27) vs. 2,909.63 (Q1 FY26)
  • Profit Before Tax: 78.04 (Q1 FY27) vs. 685.49 (Q1 FY26)
  • Tax Expense: 23.15 (Q1 FY27) vs. 194.11 (Q1 FY26)
  • Net Profit for the Period: 54.89 (Q1 FY27) vs. 491.37 (Q1 FY26)
  • Earnings Per Share (Basic & Diluted): ₹0.37 (Q1 FY27) vs. ₹3.30 (Q1 FY26)
  • Paid-up Equity Share Capital: ₹1,487.00 Lakhs (Face value ₹10 per share)

Basis for Auditors' Qualified Conclusion

The statutory auditors issued a qualified conclusion on their limited review, citing three primary matters:

1. Suspicious Transactions: The company detected suspicious transactions by a merchant. An initial aggregate exposure of ₹10,500.00 lakhs was subsequently reduced to ₹7,528.18 lakhs following voluntary settlement of smaller individual claims, without admission of wrongdoing. The company's bank account with ICICI Bank remains under lien by investigating authorities to the extent of ₹7,528.18 lakhs. The matter is sub judice before the Hon'ble Bombay High Court, which granted a favourable interim stay on March 12, 2026. The eventual outflow is unascertainable and contingent on judicial outcomes. No provision has been recognized in the financial statements.

2. Unconfirmed Balances: Balances relating to trade receivables, trade payables, loans, borrowings, and other non-financial assets are subject to confirmation and reconciliation. Confirmations for the majority of balances are yet to be obtained.

3. Unreconciled Income: Income recognized during the quarter is based on internal software reports. Reconciliation of this income with related bank transactions across various banks is still in progress.

The auditors are unable to comment on the possible impact of points 1 and 3 on the financial results.

Subsidiary Update

The company incorporated Gullakkart Private Limited (CIN: U66190MR2026PTC475746) as a wholly-owned subsidiary on April 18, 2026. This was disclosed under Regulation 30 of the SEBI LODR. The subsidiary has not commenced business operations as its bank account opening was delayed due to a pending PAN. Consequently, no capital has been infused, and the subsidiary had no transactions or assets/liabilities as of June 30, 2026. The company expects it to commence operations in Q2 FY27. Consolidated financial results were not prepared for the quarter.

Notes on Financial Results

  • The results are prepared in accordance with Indian Accounting Standard (Ind AS) 34.
  • Segment reporting is not applicable as the company operates under a single Chief Operating Decision Maker (CODM).
  • Previous period figures have been regrouped/reclassified for comparability.
  • The figures for the three months ended March 31, 2026, are balancing figures between the audited full-year results and the reviewed year-to-date figures up to the third quarter of FY26.