Board Meeting Details

The Board of Directors meeting was held on 28th May, 2026, commencing at 1:00 PM and concluding at 3:00 PM. The board considered and approved the Audited Financial Results for the quarter and year ended 31st March, 2026, and took note of the report issued by the statutory auditors.

Financial Results Summary (Rupees in Lakhs)

Year Ended 31st March, 2026 (Audited)

  • Total Revenue: ₹53.43
  • Revenue from Operations: ₹48.48
  • Other Income: ₹4.91
  • Total Expenditure: ₹60.46
  • Purchase of Stock in Trade: ₹45.97
  • Employee Benefits Expenses: ₹4.80
  • Listing Fees: ₹3.25
  • Other Expenses: ₹6.44
  • Exceptional Items: ₹(-115.49)
  • Net Loss before tax: ₹(-123.26)
  • Tax Expense: ₹0.00
  • Net Loss for the year: ₹(-123.26)
  • Total Comprehensive Loss: ₹(-123.26)
  • Paid-up Equity Share Capital: ₹1,306.00 (Face Value ₹1 per share)
  • Other Equity: ₹(-1,299.04)
  • Basic EPS: ₹(-0.094)
  • Diluted EPS: ₹(-0.094)

Quarter Ended 31st March, 2026 (Audited)

  • Total Revenue: ₹38.51
  • Revenue from Operations: ₹38.48
  • Other Income: ₹0.03
  • Total Expenditure: ₹31.88
  • Purchase of Stock in Trade: ₹21.62
  • Change in Inventories: ₹(-9.65)
  • Employee Benefits Expenses: ₹1.20
  • Listing Fees: ₹3.25
  • Other Expenses: ₹1.20
  • Exceptional Items: ₹0.00
  • Net Profit before tax: ₹6.63
  • Tax Expense: ₹0.00
  • Net Profit for the quarter: ₹6.63
  • Total Comprehensive Profit: ₹6.63
  • Basic EPS: ₹0.005
  • Diluted EPS: ₹0.005

Statement of Assets and Liabilities as at 31st March, 2026 (Audited)

  • Total Assets: ₹19.22
  • Current Assets: ₹19.22
  • Inventories: ₹9.95
  • Trade Receivables: ₹1.73
  • Other Current Assets: ₹7.54
  • Equity and Liabilities: ₹19.22
  • Equity: ₹(-0.07)
  • Equity Share Capital: ₹1,306.00
  • Other Equity: ₹(-1,306.07)
  • Current Liabilities: ₹19.29
  • Borrowings: ₹13.50
  • Trade Payables: ₹5.47
  • Other Current Liabilities: ₹0.32

Cash Flow Statement for Year Ended 31st March, 2026

  • Net Cash Flow from Operating Activities: ₹(-6.44)
  • Net Cash Flow from Investing Activities: ₹0.00
  • Net Cash Flow from Financing Activities: ₹0.00
  • Net Decrease in Cash & Equivalents: ₹(-6.44)
  • Cash & Equivalents Opening Balance: ₹8.17
  • Cash & Equivalents Closing Balance: ₹1.73

Auditor's Report Key Matters

Singhvi & Sancheti, Chartered Accountants (FRN: 110286W) issued an unmodified opinion on the financial results. The audit report highlights:

Key Audit Matter: Assessment of Going Concern Assumption and Proposed Reduction of Share Capital. The company's scheme for reduction of share capital under Section 66 of the Companies Act, 2013 is pending approval before the Hon'ble National Company Law Tribunal (NCLT).

Emphasis of Matter: Note 4 regarding the proposed scheme for reduction of share capital approved by shareholders and pending NCLT approval. No effect of the proposed reduction has been given in the financial results.

Management Commentary and Notes

1. The company is engaged in trading, agency, and commission business with increased level of operations from previous years.

2. Management expects improvement in operational performance and is evaluating real estate proposals for redevelopment.

3. The capital reduction scheme aims to enable fundraising for projects and rebalance the balance sheet.

4. The Board believes that with increased business operations and balance sheet rebalancing, the company will continue as a going concern.

5. The company operates in only one segment as per IND AS 108.

6. Figures for quarters are balancing figures between audited full-year figures and published year-to-date figures up to the third quarter.