Key Financial Figures (₹ in Lakhs)
Revenue Breakdown for Q1 FY27 (June 30, 2026):
- Dividend Income: ₹12.20
- Rental Income: ₹0.20
- Total Revenue from Operations: ₹15.64
- Other Income: ₹0.01
- Total Income: ₹15.65
Expense Breakdown for Q1 FY27:
- Employee Benefits Expense: ₹8.10
- Legal & Professional Expenses: ₹3.55
- Bad Debts Written Off: ₹6.64
- Depreciation: ₹0.01
- Total Expenses: ₹18.30
Profit/Loss Position:
- Loss before tax: ₹(2.65)
- Tax expenses: Nil
- Net Loss for the period: ₹(2.65)
- Other Comprehensive Income: Nil
- Total Comprehensive Income: ₹(2.65)
Comparative Figures:
- Q4 FY26 (March 31, 2026): Net Profit of ₹6.11 lakh
- Q1 FY26 (June 30, 2025): Net Loss of ₹(5.52) lakh
- FY26 (March 31, 2026): Net Profit of ₹2.10 lakh
Capital Structure:
- Paid-up Equity Share Capital: ₹1,470.02 lakh (Face Value ₹10 per share)
- Reserves: ₹(533.66) lakh
- Earnings per Share (Basic & Diluted): ₹(0.02)
Auditor's Emphasis of Matter
The statutory auditors highlighted that the company had not satisfied the Principal Business Criteria prescribed under Section 45-I(f) of the Reserve Bank of India Act, 1934, as financial assets constituted less than 50% of total assets as at March 31, 2026 and during the quarter ended June 30, 2026.
Management Comments on RBI Compliance
Management stated that investments in bank fixed deposits are temporary for safety, liquidity management, and treasury purposes pending deployment in financing activities due to volatile market conditions. They believe the deviation is temporary and does not materially affect the going concern status or nature of business.
Business Status and Going Concern
The company has discontinued fresh hire purchase/leasing business. Despite cumulative losses, management believes that through realization of assets, the company will generate enough funds to pay off liabilities, and accounts have been prepared on a going concern basis.
Tax Position
No tax provision has been made due to carried forward losses and unabsorbed depreciation.