Financial Results Highlights (Rs. in Lakhs)

Quarter Ended 30-Sep-2026 (Unaudited):

  • Revenue from Operations: ₹0.00
  • Other Income: ₹25.87
  • Total Revenue: ₹25.87
  • Total Expenses: ₹26.50
  • Loss before tax: ₹(0.63)
  • Tax Expense: ₹0.00 (including prior year short provision reversal of ₹0.00 for the quarter)
  • Loss for the period: ₹(0.63)
  • Basic & diluted EPS: ₹(0.01)

Quarter Ended 30-Jun-2026 (Unaudited):

  • Revenue from Operations: ₹0.00
  • Other Income: ₹319.30
  • Total Revenue: ₹319.30
  • Total Expenses: ₹63.10
  • Profit before tax: ₹256.20
  • Tax Expense: ₹(131.34) (primarily prior year short provision reversal)
  • Profit for the period: ₹387.54
  • Basic & diluted EPS: ₹3.88

Half Year Ended 30-Sep-2026 (Unaudited):

  • Revenue from Operations: ₹0.00
  • Other Income: ₹345.17
  • Total Revenue: ₹345.17
  • Total Expenses: ₹89.60
  • Profit before tax: ₹255.57
  • Tax Expense: ₹(131.34) (prior year short provision reversal)
  • Profit for the period: ₹386.91
  • Basic & diluted EPS: ₹3.87

Comparative Figures (Unaudited):

  • Half Year Ended 30-Sep-2025: Loss of ₹(13.40) lakh
  • Year Ended 31-Mar-2026 (Audited): Loss of ₹(8.83) lakh

Balance Sheet Position (As at 30-Sep-2026)

  • Total Assets: ₹1,581.82 lakh
  • Financial Assets: Cash & Cash Equivalents ₹52.19 lakh, Investments ₹1.12 lakh, Other financial assets ₹2.50 lakh
  • Current Tax Assets: ₹321.17 lakh
  • Borrowings: ₹12,100.00 lakh
  • Other Financial Liabilities: ₹87.94 lakh
  • Other Non-financial Liabilities: ₹1,100.36 lakh
  • Equity Share Capital: ₹1,000.00 lakh
  • Other Equity: Negative ₹(12,709.36) lakh
  • Total Equity: Negative ₹(11,709.36) lakh

Cash Flow Statement (For H1 Ended 30-Sep-2026)

  • Cash from operating activities: ₹878.54 lakh
  • Cash used in investing activities: ₹(1,493.90) lakh
  • Cash used in financing activities: ₹(801.10) lakh
  • Net increase in cash: ₹1,416.46 lakh
  • Cash & cash equivalents at end: ₹52.19 lakh

Statutory Auditor Appointment

The Board appointed M/s Ray & Ray, Chartered Accountants, Chennai as statutory auditors for FY 2026-27, following appointment by the Comptroller and Auditor General of India. Their term is for one year (FY26-27). The firm's profile indicates it is a leading CA firm in India with head office in Kolkata and branches in major metro cities, serving banks, financial institutions, and corporate entities since 1922.

Regulatory Context and Going Concern

The company's Certificate of Registration (COR) to carry on housing finance business was cancelled by the Reserve Bank of India (RBI) vide letter dated 22 September 2023. Consequently, the Board resolved on 25 September 2023 to discontinue HFC/NBFC activities immediately. On 4 November 2023, the Board accorded in-principle approval for winding up the company, subject to shareholder and regulatory approvals. Subsequently, on 22 January 2024, the Board directed the company to complete recovery and disposal of mortgaged assets before initiating winding-up proceedings under Section 271 of the Companies Act, 2013. The company's activities are currently substantially confined to recovery of outstanding advances and receivables through realization of mortgaged assets and resolution of pending legal matters.

Auditor's Review Report

M/s Ray & Ray issued a limited review report pursuant to Regulation 33 of SEBI LODR, 2015. Their review, conducted under SRE 2410, did not identify any material misstatement in the financial results. However, they emphasized a material uncertainty related to going concern due to the RBI's cancellation of the housing finance license and the pending winding-up process, which may cast significant doubt on the company's ability to continue as a going concern.

Board Meeting Details

The board meeting commenced at 12:30 PM and concluded at 2:10 PM on 08 October 2026.