Board Meeting Details

The Board of Directors meeting commenced at 1:30 PM and concluded at 2:50 PM on 12.11.2026.

Financial Results Approval

The Board approved the unaudited financial results for the quarter and half year ended 30th September 2026 along with Limited Review Report.

Financial Performance (Quarterly)

  • Q2 September 2026: Net Loss of ₹0.62 crore
  • Q2 September 2025: Net Loss of ₹0.33 crore
  • Q1 June 2026: Net Loss of ₹0.40 crore

Financial Performance (Half Yearly)

  • H1 September 2026: Net Loss of ₹1.02 crore
  • H1 September 2025: Net Loss of ₹0.61 crore
  • Full Year March 2026: Net Profit of ₹7.73 crore

Income Statement Details (Q2 September 2026)

  • Total Income: ₹0.53 crore
  • Income from Operations: ₹0.00 crore
  • Other Miscellaneous Income: ₹0.53 crore
  • Total Expenditure: ₹1.13 crore
  • Staff Cost: ₹0.98 crore
  • Other Expenditure: ₹0.15 crore
  • Bad Debts Written Off: ₹0.00 crore
  • Depreciation: ₹0.00 crore
  • Provision for NPAs & Investment: ₹0.02 crore
  • Basic and Diluted EPS: (₹0.03)

Asset Quality

  • Gross NPA (%): 100.00% (as of 31.03.2026)
  • Net NPA to Net Loans (%): 0.00% (as of 31.03.2026)

Capital Structure

  • Paid-up Equity Share Capital (Face value ₹10): ₹207.66 crore (unchanged across all periods)
  • Reserves excluding revaluation reserves: ₹0.00 crore (₹16.58 crore as of 31.03.2026)

Shareholding Pattern

  • Public Shareholding: 1,319,900 shares (0.64%)
  • Promoter and Promoter Group Shareholding: 206,338,200 shares (99.36%)
  • No shares pledged/encumbered by promoters

Delisting Update

The Corporation has filed an 'in principle' application for delisting with BSE on 13.10.2026, which is under process. The State Government has decided to delist the shares from Bombay Stock Exchange.

Going Concern Uncertainty

The auditors' limited review report highlights material uncertainty regarding the Corporation's ability to continue as a going concern due to:

  • Recommendation to State Government for winding up/liquidation under Section 45 of SFCs Act, 1951
  • Ongoing delisting process from Bombay Stock Exchange

Accounting Policies

  • Figures for year ended 31st March 2026 taken from audited accounts prepared on mercantile system of accounting
  • Interest on NPAs accounted for on receipt basis as per RBI guidelines

Cash Flow Statement (Half Year Ended 30.09.2026)

  • Net cash used in operating activities: ₹(290.70) crore
  • Net cash used in investing activities: ₹(0.53) crore
  • Net cash from financing activities: ₹105.10 crore
  • Net decrease in cash and cash equivalents: ₹(185.60) crore
  • Cash and cash equivalents at beginning: ₹3,321.79 crore
  • Cash and cash equivalents at end: ₹3,136.19 crore

Limited Review Report

Prem Ravinder & Co., Chartered Accountants (Registration No. 006573N) conducted limited review and issued report dated 10.11.2026, stating nothing came to their attention causing belief that the financial results contain material misstatement.