Key Financial Figures - Standalone (Rs. in Lakhs)

For Year Ended 31-Mar-2026:

  • Revenue from Operations: ₹444.65
  • Other Income: ₹35.55
  • Total Income: ₹480.20
  • Total Expenses: ₹478.31
  • Profit/(Loss) before exceptional items and tax: ₹1.90
  • Exceptional Items:
  • Gratuity Provision as per New Labour Code: ₹(23.79)
  • Write Back of Borrowings: ₹4355.54
  • Write off Advances: ₹(4360.33)
  • Profit/(Loss) before Tax: ₹(26.68)
  • Tax Expenses: ₹0.47
  • Net Profit/(Loss) for the year: ₹(27.15)
  • Paid-up Equity Capital: ₹2170.62
  • Reserves excluding revaluation reserves: ₹(419.73)
  • Basic and Diluted EPS (after extraordinary items): ₹(0.11)

For Quarter Ended 31-Mar-2026:

  • Revenue from Operations: ₹113.61
  • Other Income: ₹8.08
  • Total Income: ₹121.69
  • Total Expenses: ₹155.72
  • Profit/(Loss) before exceptional items and tax: ₹(34.02)
  • Net Profit/(Loss) for the quarter: ₹(36.28)
  • Basic and Diluted EPS (after extraordinary items): ₹(0.16)

Key Financial Figures - Consolidated (Rs. in Lakhs)

For Year Ended 31-Mar-2026:

  • Net Profit/(Loss) for the year: ₹(45.44)
  • Basic and Diluted EPS (after extraordinary items): ₹(0.19)

For Quarter Ended 31-Mar-2026:

  • Net Profit/(Loss) for the quarter: ₹(38.76)
  • Basic and Diluted EPS (after extraordinary items): ₹(0.17)

Significant Events and Adjustments

1. Cyber Crime/Fraud Incident: During the reporting period, the company was subjected to cyber crime/fraud resulting in fraudulent transfer of ₹80.00 lakhs from company's bank account. ₹31.85 lakhs has been recovered, and balance ₹48.15 lakhs written off as unrecoverable. A formal complaint has been lodged with Cyber Crime Cell, Chennai, and trial will start from June 2026.

2. Labour Code Implementation: Effective November 21, 2025, the company recognized ₹23.79 lakhs as statutory impact of New Labour Codes towards employee benefits obligations, classified as past service cost under exceptional items.

3. Borrowing Write-back: Long Term Borrowings amounting to ₹43.55 crores which are no longer payable have been written back.

4. Advance Write-off: Amount of ₹43.38 crores written off represents funds provided to an entity and considering its financial condition, deemed prudent to write off.

5. Forex Broking Services Write-off: Sum of ₹0.22 crore deployed towards forex broking services considered not recoverable and written off.

6. Tax Treatment: Based on opinion from tax consultant, no provision for tax has been made on account of write back of ₹43.55 crores and write off of ₹43.60 crores.

Business Operations

The company is primarily engaged in buying & selling of Foreign Currencies. Its wholly owned subsidiary, India Cements Investment Services Ltd, is engaged in Brokerage Business in Share and dealing in Mutual Funds, Bonds etc. Revenue from Operations includes income from air ticketing and Forex Advisory Services.

Publication Schedule

The audited financial results will be published in English and Tamil dailies on 31.05.2026.