Key Financial Figures (₹ lakhs)

  • Gross Profit before depreciation, finance cost, and provisioning: 2.16
  • Depreciation including impairment and Property Reserves: 0.06
  • Profit before Tax: 2.10
  • Tax Expenses: Nil
  • Profit for the year: 2.10
  • Other Comprehensive Income (net of tax): (76.05)
  • Total Comprehensive Income for the year: (73.95)
  • Transfer to Statutory Reserve Fund under RBI Act Section 45-IC: ₹41,946
  • Equity Share Capital: ₹1,471.30 lakhs (14,700,291 equity shares of ₹10 each)
  • Cash and Cash Equivalents: ₹11.39 lakhs
  • Bank Balance other than Cash Equivalents: ₹500.00 lakhs (fixed deposits)
  • Investments: ₹424.75 lakhs
  • Current Tax Assets: ₹6.81 lakhs

Dates of Significance

  • AGM Date: September 24, 2026 at 12:30 PM through VC/OAVM
  • Book Closure: September 18, 2026 to September 24, 2026
  • Board Meeting Dates: May 28, 2025, August 11, 2025, November 12, 2025, February 12, 2026, March 25, 2026
  • Financial Year: April 1, 2025 to March 31, 2026

Parties Involved

  • Stock Exchange: BSE Limited
  • Statutory Auditors: M/s Jagdish Chand & Co., Chartered Accountants (FRN: 000129N)
  • Secretarial Auditor: M/s Anjali Yadav & Associates, Company Secretaries
  • RTA: M/s Alankit Assignments Limited
  • Bankers: Bank of India, Kotak Mahindra Bank Ltd.
  • Directors: Rajiv Gupta (Chairman), Sumana Verma, Dinesh Agnani, Karun Pratap Hoon, Leena Tuteja
  • Key Managerial Personnel: Murali S (CEO), Rohit Madan (Manager, Company Secretary & CFO), Arun Mitter (COO)

Corporate Actions

  • No dividend recommended due to accumulated losses
  • No change in share capital
  • No issuance of sweat equity shares, shares with differential rights, or ESOPs
  • No preferential allotment during the year
  • Reappointment of Karun Pratap Hoon as Independent Director for second term
  • Rajiv Gupta and Sumana Verma retire by rotation and seek reappointment

Compliance Status

  • Full compliance with corporate governance requirements per auditor certificate
  • No material changes affecting financial position post year-end
  • No significant material orders from regulators/courts
  • No fraud reported by auditors
  • All related party transactions at arm's length basis
  • No pending investor complaints
  • Secretarial audit report with no adverse remarks

Operational Highlights

  • Main focus on recovery of old dues
  • No fresh business exposure during the year
  • Investments primarily in quoted equity shares and debt instruments
  • Sold quoted investments in Jayabharat Credit Limited based on independent valuation
  • Company not meeting RBI NBFC principal business criteria (financial assets <50% of total assets)

Capital Structure Impact

  • Share capital unchanged at ₹1,471.30 lakhs
  • No dilution or change in promoter holding
  • Promoter holding: 71.09% (104,50,571 shares)
  • Public holding: 28.91%

Cash Flow Implications

  • Cash outflow from operations: ₹40.90 lakhs
  • Cash inflow from investing activities: ₹37.59 lakhs
  • Net decrease in cash: ₹3.31 lakhs

Forward-looking Statements

  • Management confident about recovery efforts
  • Continuing as going concern despite accumulated losses
  • Exploring viable business opportunities while maintaining compliance