Key Financial Figures (Standalone)

For the Year Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹92.90 lakh
  • Total Income: ₹93.10 lakh
  • Total Expenses: ₹143.67 lakh
  • Profit/(Loss) Before Tax: (₹50.57) lakh
  • Tax Expense: ₹27.98 lakh (comprising Deferred Tax of ₹27.93 lakh and ₹0.05 lakh for tax relating to an earlier period)
  • Profit/(Loss) After Tax: (₹77.81) lakh
  • Other Comprehensive Income: ₹16.39 lakh
  • Total Comprehensive Income for the period: (₹61.42) lakh
  • Paid-up Equity Share Capital: ₹346.59 lakh (Face value ₹10 each)
  • Earnings Per Share (Basic & Diluted): (₹2.24)

For the Quarter Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹0.20 lakh
  • Total Income: ₹0.20 lakh
  • Total Expenses: ₹4.77 lakh
  • Profit/(Loss) Before Tax: (₹4.57) lakh
  • Tax Expense: ₹11.01 lakh
  • Profit/(Loss) After Tax: (₹15.58) lakh
  • Other Comprehensive Income: ₹0.00
  • Total Comprehensive Income for the period: (₹15.58) lakh
  • Earnings Per Share (Basic & Diluted): (₹0.45)

Comparative Figures (Year Ended March 31, 2025 - Audited):

  • Revenue from Operations: ₹241.43 lakh
  • Profit/(Loss) After Tax: ₹37.34 lakh
  • Earnings Per Share: ₹1.08

Statement of Assets and Liabilities (As at March 31, 2026)

Total Assets: ₹446.11 lakh (Previous Year: ₹497.56 lakh)

  • Inventories: ₹50.83 lakh (PY: ₹141.63 lakh)
  • Trade Receivables: ₹238.86 lakh (PY: ₹251.75 lakh)
  • Loans: ₹86.18 lakh (PY: ₹0.00)
  • Cash and Cash Equivalents: ₹1.09 lakh (PY: ₹0.87 lakh)

Total Equity and Liabilities: ₹446.11 lakh

  • Equity Share Capital: ₹346.59 lakh
  • Other Equity: (₹439.55) lakh
  • Money received against share warrants: ₹106.25 lakh
  • Non-current financial liabilities (Borrowings): ₹274.06 lakh (PY: ₹147.95 lakh)
  • Trade Payables: ₹156.12 lakh (PY: ₹363.28 lakh)

Audit Report and Qualifications

The Independent Auditors, MA AK & Associates (FRN: 135024W), issued a Qualified Opinion on the financial results.

Basis for Qualified Opinion: The auditors were not provided with balance confirmations or any other details for trade receivables, trade payables, and loans & advances shown in the books. Consequently, they were unable to determine whether any adjustments were necessary for these recorded amounts in the Balance Sheet and the corresponding elements in the Statement of Profit and Loss.

Emphasis of Matter: The auditors drew attention to Note 19 regarding the reversal of Deferred Tax Assets (DTA) amounting to ₹27.93 lakh, which were recognized in earlier years. Management reversed the DTA based on a reassessment that, due to continued losses, sufficient certainty no longer exists regarding their recoverability as per Ind AS 12.

Capital Structure Impact: Preferential Warrant Allotment

  • On February 26, 2026, the company allotted 34,00,000 Convertible Warrants on a preferential basis to "Non-Promoters".
  • Each warrant was issued at a price of ₹12.50 (including a premium of ₹2.50).
  • The company has received 25% of the total amount, ₹1,06,25,000, as the warrant subscription price.
  • The balance amount of ₹3,18,75,000 (75%) is payable by the warrant holders at the time of exercise/conversion.
  • Each warrant is convertible into one fully paid-up equity share (face value ₹10) within 18 months from the date of allotment.
  • The warrants were not considered for diluted EPS calculation as their effect was anti-dilutive due to the period's loss.

Additional Notes from Financial Statements

  • The company operates in a single segment.
  • The financial results were reviewed by the Audit Committee and approved by the Board on May 29, 2026.
  • As of March 31, 2026, the company's accumulated losses have exceeded its paid-up capital and reserves. It has incurred a net loss, and its current liabilities exceeded its current assets.