Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended March 31, 2026 and year ended March 31, 2026
Nature of Filing / Announcement: Outcome of Board Meeting, Audited Financial Results, Dividend Recommendation
Date of Board Meeting / Approval: May 25, 2026 (commenced at 4:10 PM, ended at 6:30 PM)
Audit Opinion: Unmodified opinion with emphasis of matter on certain issues.
Auditor’s Comment: Emphasis of matter on settlement with Minosha India Limited, receivable from RUDSICO, and legal proceedings under Insolvency Code.
Key Financial Highlights [unit: ₹ in lakhs]
Standalone Results for Year Ended March 31, 2026:
- Revenue from Operations: Not explicitly stated in year-end financial results table.
- Other Income: ₹648.27
- Total Income: ₹122.96 (as per table, but note potential discrepancy with other income)
- EBITDA: Not disclosed
- Net Profit: Net loss of ₹9,126.34
- EPS: Basic ₹(5.37), Diluted ₹(5.16) per share of face value ₹2.00
- Other Equity: ₹4,749.40
- Cash and Cash Equivalents: ₹1,540.46 (from balance sheet)
- Debt: Total borrowings ₹1,555.43 (non-current ₹605.43, current ₹950.00)
Standalone Results for Quarter Ended March 31, 2026:
- Revenue from Operations: ₹42.83
- Other Income: ₹70.47
- Total Income: ₹113.30
- EBITDA: Not disclosed
- Net Profit: Net loss of ₹202.25
- EPS: Basic and diluted ₹(0.12) per share
Consolidated Results:
Not applicable as the company has no subsidiaries, associates, or joint ventures.
Segment-wise Performance:
- Only one reportable segment: IT goods and services and payment aggregation business. No segment-wise revenue or profit breakdown provided.
Corporate Actions:
- Recommended a final dividend of ₹0.20 per equity share (10% on face value of ₹2 each) for the financial year ended March 31, 2026. Record date not specified.
- During the year, allotted 2,11,72,007 equity shares on rights basis at issue price of ₹10 per share, partly paid-up to ₹1 per share as of March 31, 2026.
Other Significant Information:
- Company changed accounting policy for leases as per Ind AS-116, recognising lease liability and right-of-use asset.
- Software development costs capitalised as intangible assets work-in-progress.
- Capital expenditure on furniture and fit-outs for leased premises under capital work-in-progress.
- Opted for new taxation scheme under Section 115BAA of Income Tax Act, 1961.
- No subsidiaries, associates, or joint ventures.
- No exceptional items or change in accounting policy affecting comparability, except as noted.
- No forward-looking guidance or management outlook provided.