Key Financial Figures - Standalone (₹ in Lakhs)
Quarter Ended June 30, 2026:
- Total Income: ₹641.01
- Revenue from Operations: ₹641.01
- Profit Before Tax: ₹495.01
- Current Tax: ₹45.95
- Deferred Tax: ₹7.92
- Profit After Tax: ₹441.15
- Basic EPS: ₹7.15
- Diluted EPS: ₹7.15
Comparative Figures:
- Q1 FY26 (June 30, 2025): PAT ₹68.32 lakhs
- Q4 FY26 (March 31, 2026): PAT (₹935.58) lakhs (loss)
- Full Year FY26: PAT ₹39.40 lakhs
Key Financial Figures - Consolidated (₹ in Lakhs)
Quarter Ended June 30, 2026:
- Total Income: ₹202.61
- Revenue from Operations: ₹202.61
- Profit Before Tax: (₹929.23)
- Profit After Tax: (₹935.58)
- Basic EPS: (₹15.17)
- Diluted EPS: (₹15.17)
Operational Highlights
- The company reported zero operational revenue for the quarter ended June 30, 2026
- Management is evaluating and exploring suitable business opportunities to recommence operations
- Financial results prepared on going concern basis based on management's expectation of future business activities
Segment Information
Geographic Segments:
- Mumbai segment revenue: ₹551.64 lakhs
- Bhavnagar segment revenue: Negative ₹12.03 lakhs
- Total segment revenue: ₹539.61 lakhs
- Less: Inter-segment revenue: ₹28.74 lakhs
- Revenue from operations: ₹510.87 lakhs
Segment Assets (Standalone):
- Mumbai: ₹15,473.28 lakhs
- Bhavnagar: ₹564.45 lakhs
- Total Assets: ₹16,037.73 lakhs
Capital Structure Impact
- Paid-up Share Capital: ₹616.67 lakhs
- No change in share capital during the quarter
Auditor's Emphasis Matters
Limited Review Report by S N Shah & Associates highlights:
1. Joint Venture Advance: Company accepted advance of ₹1.21 crores in FY 2017-18 for joint venture that never materialized, amount remains unpaid
2. Working Capital Limit: Company surrendered ₹150 crore working capital borrowing limit from Punjab National Bank, Nariman Point Branch. Bank issued No Dues Certificate dated August 04, 2026
3. Significant Investments: ₹145.08 crores (90.46% of total assets) invested in:
- Five real estate development partnership firms
- Subsidiary firm dealing in oxygen gases (Hariyana Air Products)
- ₹134.76 crores in one firm utilized for granting loans of ₹126.21 crores to other body corporates and partnership firms
- Previous year (March 31, 2026): ₹140.54 crores (90.41% of total assets)
4. Going Concern Qualification: Auditors note that going concern status is materially affected due to non-operational activity at Bhavnagar Division
Subsidiary and Associate Companies
Consolidated entities include:
- Subsidiary: Hariyana Air Products
- Associates: Goyal Hariyana Realty, Orchid Lakeview Developers, Whitefield Projects, Swastik Developers