Key Financial Figures (Standalone)
- Revenue from operations: ₹7,110.14 lakhs for FY26 (year to date)
- Total revenue: ₹7,332.78 lakhs for FY26
- Total expenses: ₹7,675.57 lakhs for FY26
- Net loss: ₹342.79 lakhs for FY26
- EPS (Basic & Diluted): -₹0.03 for FY26
- Paid-up equity share capital: ₹12,450.43 lakhs (face value ₹1 per share)
Quarterly Performance (Standalone)
- Q4 FY26 revenue: ₹2,917.43 lakhs
- Q4 FY26 net loss: ₹919.40 lakhs
- Q4 FY26 EPS: -₹0.07
- Corresponding Q4 FY25 net profit: ₹259.52 lakhs
Balance Sheet Position (Standalone as of March 31, 2026)
- Total assets: ₹15,739.64 lakhs
- Trade receivables: ₹8,532.30 lakhs
- Cash and cash equivalents: ₹35.26 lakhs
- Loans (current assets): ₹29.50 lakhs
- Other financial assets: ₹1,261.50 lakhs
- Total equity: ₹12,420.54 lakhs
- Trade payables: ₹2,937.90 lakhs
- Other current liabilities: ₹234.04 lakhs
Cash Flow (Standalone FY26)
- Cash from operating activities: -₹3,508.14 lakhs
- Cash from investing activities: -₹1,456.42 lakhs
- Cash from financing activities: ₹4,947.19 lakhs
- Net decrease in cash: ₹17.37 lakhs
- Cash at beginning: ₹52.63 lakhs
- Cash at end: ₹35.26 lakhs
Audit Opinion Disclaimer
The statutory auditors, Chandabhoy & Jassoobhoy, issued a disclaimer of opinion on both standalone and consolidated financial results due to inability to obtain sufficient appropriate audit evidence for multiple areas:
Key Audit Qualifications:
1. Lack of supporting documents for completeness of sales, purchase, inventory valuation transactions
2. No fixed assets register provided, unable to verify depreciation and deferred tax assets/liabilities
3. Unsecured loans without interest charges; relevant loan agreements and confirmations not available
4. No bifurcation of MSME creditors as required under MSMED Act, 2006
5. Trade receivables outstanding not confirmed by debtors
6. Loans granted without confirmations and supporting agreements
7. No recognition of deferred tax assets or liabilities
8. No maintenance of fixed assets register
9. For consolidated results: No GST reconciliation with GST portal performed
10. Advances to suppliers remain unconfirmed
11. No goods inward reports maintained; no godown/warehouse facilities
12. Subsidiary financial information not updated or audited for current period
Board Meeting Details
- Meeting date: May 27, 2026
- Time: 4:00 PM to 5:00 PM
- Business approved:
- Audited standalone and consolidated financial results for quarter and year ended March 31, 2026
- Audited standalone and consolidated financial statements for year ended March 31, 2026
- Statement on impact of audit qualifications
Management Response to Audit Qualifications
Management stated that the non-accessibility of documents does not have any impact on financial results, but auditors commented they cannot confirm this in the absence of relevant information.
Segment Information
The company operates only in one segment - Trading of Goods.
Subsidiary Information
Consolidated results include Yamunashtakam Tradeventures Private Limited, though updated financial information for the subsidiary was not provided to auditors.