Financial Results (Rs. in Lakhs)

Revenue Performance:

  • Revenue from Operations: ₹0.00 (consistent with previous periods)
  • Other Income: ₹319.30 (significant increase from ₹6.23 in Q1 FY26 and ₹21.41 in Q4 FY26)
  • Total Revenue: ₹319.30

Expenditure Breakdown:

  • Employee Benefits Expense: ₹0.00 (down from ₹6.10 in Q1 FY26)
  • Finance Costs: ₹7.88
  • Depreciation and Amortization: ₹0.00
  • Other Expenses: ₹54.69 (includes postage & telephones ₹0.19, other expenditure ₹54.69)
  • Total Expenses: ₹63.10

Profitability Metrics:

  • Profit before tax: ₹256.20 (compared to loss of ₹10.91 in Q1 FY26 and loss of ₹1.76 in Q4 FY26)
  • Tax Expense: ₹(131.34) (prior years short provision)
  • Net Profit for the period: ₹387.54 (compared to net loss of ₹10.91 in Q1 FY26)

Capital Structure and Per Share Data:

  • Paid-up equity share capital: ₹1,000.00 (face value per share ₹10)
  • Reserves: Negative (₹13,096.27 as per balance sheet)
  • Earnings Per Share (Basic & diluted): ₹3.88 (compared to negative ₹0.11 in Q1 FY26)

Key Notes from Financial Statement

1. The company's Certificate of Registration to carry on housing finance business was cancelled by the Reserve Bank of India vide letter no.CO.DOR.RG.NO.S3544/23-27-014/2023-2024 dated 22nd September 2023.

2. The Board resolved on 25th September 2023 not to carry on HFI/NBFI business from that date onward.

3. The company is presently engaged solely in recovery and disposal of its mortgaged assets as directed by the Board.

4. The company has only one business activity (housing finance) so no segment reporting is presented.

5. Previous year figures have been regrouped and reclassified where necessary.

Auditor's Review Report

A.R. Krishnan & Associates conducted a limited review of the financial results pursuant to Regulation 33 of SEBI LODR Regulations, 2015. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410 issued by ICAI.

Material Uncertainty Related to Going Concern:

The auditors highlighted the material uncertainty regarding the company's ability to continue as a going concern due to:

  • RBI's cancellation of housing finance registration on 22nd September 2023
  • Board's resolution on 25th September 2023 to cease HFI/NBFI activities immediately
  • Board's in-principle consent on 4th November 2023 to wind up the company, subject to shareholder and regulatory approvals
  • Board's direction on 22nd January 2024 to complete recovery and disposal of mortgaged assets before initiating winding-up proceedings under Section 271 of Companies Act, 2013
  • Company operations are now substantially limited to recovery of outstanding advances and receivables through realization of mortgaged assets

The auditors concluded that based on their review, nothing has come to their attention that causes them to believe that the financial results are not prepared in accordance with applicable accounting standards and SEBI regulations.

Signatories and Dates

  • Company Secretary & Compliance Officer: K. Aarthi
  • Auditor: CA. Anandaramakrishnan (Partner, A.R. Krishnan & Associates, FRN: 009805S)
  • Board Meeting Date: 4th July 2026
  • Financial Period: Quarter ended 30th June 2026
  • Auditor's Report Date: 4th July 2026