Board Meeting Details

The Board meeting was conducted through video conferencing on Friday, November 13, 2026, commencing at 12:40 PM and concluding at 02:40 PM.

Key Approvals

The Board approved the following items:

  • Unaudited Standalone Financial Results for the quarter ended September 30, 2026
  • Limited Review Report for the quarter ended September 30, 2026
  • Other routine businesses with the permission of the Chair

Financial Results Overview

Quarter Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹0.00 lakh (compared to ₹808.08 lakh for year ended March 31, 2026)
  • Other Income: ₹1.79 lakh
  • Total Revenue: ₹1.79 lakh
  • Total Expenses: ₹39.14 lakh
  • Loss before tax: ₹37.35 lakh
  • Loss for the period: ₹37.35 lakh
  • Basic Earnings per Share: (₹0.28) per share of face value ₹10

Comparative Performance:

  • Previous quarter (Q1 FY27): Loss of ₹17.23 lakh
  • Same quarter previous year (Q2 FY26): Loss of ₹21.82 lakh
  • Half-year ended September 30, 2026: Loss of ₹37.35 lakh
  • Half-year ended September 30, 2025: Profit of ₹31.82 lakh
  • Full year ended March 31, 2026: Loss of ₹42.92 lakh

Balance Sheet Position (as at September 30, 2026)

Assets:

  • Total Assets: ₹4,678.09 lakh (compared to ₹4,717.37 lakh as at March 31, 2026)
  • Non-current assets: ₹0.93 lakh (Property, Plant and Equipment)
  • Financial Assets: ₹0.20 lakh
  • Other non-current assets: ₹283.94 lakh
  • Deferred tax assets: ₹379.71 lakh
  • Current assets: ₹993.97 lakh
  • Investments: ₹2,558.67 lakh
  • Trade receivables: ₹46.96 lakh (decreased from ₹92.28 lakh)
  • Other current assets: ₹404.73 lakh

Equity and Liabilities:

  • Equity Share Capital: ₹1,320.00 lakh (unchanged)
  • Other Equity: ₹1,020.18 lakh (decreased from ₹1,057.53 lakh)
  • Non-current borrowings: ₹70.84 lakh
  • Current borrowings: ₹100.50 lakh
  • Trade payables: ₹1,963.51 lakh

Operational Context

The company operates under two divisions: Coal Trading and Infrastructure/Trading in land.

Auditor Review

A. John Moris & Co., Chartered Accountants (FRN No. 0072205) conducted a limited review of the quarterly results and concluded that nothing came to their attention suggesting material misstatement or non-compliance with listing regulations.

Additional Information

  • The company received no investor complaints during the quarter ended September 30, 2026
  • Previous period/year figures have been rounded off/regrouped/recasted for comparability
  • The results were reviewed by the Audit Committee and approved by the Board of Directors