Revenue from Operations: ₹0.00 (unchanged from previous quarter and year-ago quarter)
Other Income: ₹0.00 (compared to ₹31.84 lakhs in FY26 year-end)
Total Revenue: ₹0.00
Employee Benefits Expenses: ₹0.46 lakhs (compared to ₹0.30 lakhs in year-ago quarter)
Other Expenses: ₹1.29 lakhs (compared to ₹9.78 lakhs in year-ago quarter)
Total Expenses: ₹1.75 lakhs
Profit/(Loss) Before Tax: ₹(1.75) lakhs loss (compared to ₹(10.08) lakhs loss in year-ago quarter)
Tax Expense: ₹0.00
Net Profit/(Loss) for Period: ₹(1.75) lakhs loss
Total Comprehensive Income: ₹(1.75) lakhs loss
Comparative Performance
Preceding Quarter (Mar 2026): Net profit of ₹28.91 lakhs (included exceptional item of ₹31.84 lakhs)
Year-Ago Quarter (Jun 2025): Net loss of ₹(10.08) lakhs
Year-End (Mar 2026): Net loss of ₹(2.02) lakhs
Capital Structure
Paid-up Equity Share Capital: ₹1190.07 lakhs (face value ₹10 per share, unchanged)
Earnings Per Share: Not applicable due to loss position
Corporate Governance Matter
Rectification of Director Designation
Director: Mr. Navin Dalichand Sheth (DIN: 02501231)
Error: Designation incorrectly filed as "Whole-time Director" with Registrar of Companies
Correct Designation: "Non-Executive Director" liable to retire by rotation
Action Approved: Filing revised Form DIR-12 and rectifying statutory records
Effective Date: Re-appointment subject to member approval at ensuing AGM
Impact: Purely administrative correction; no change in appointment tenure, powers, duties or responsibilities. Mr. Sheth continues as Non-Executive Director and Chief Financial Officer.
Director Profile
Mr. Navin Sheth has over three decades of experience in business strategy and finance
Not related to any other directors of the company
Additional Regulatory Disclosures
Default on Loans and Debt Securities
Loans/Revolving Facilities Outstanding: ₹0 crores
Default Amount: ₹0 crores
Unlisted Debt Securities Outstanding: ₹0 crores
Default Amount: ₹0 crores
Total Financial Indebtedness: ₹0 crores
Status: No defaults during the period
Related Party Transactions
Not applicable as no transactions falling within Section 188 of Companies Act, 2013 occurred during the period
Public Issue Proceeds
Not applicable as no proceeds were raised during the period
Operational and Strategic Updates
Business Status and Future Plans
Accounts prepared on 'Going Concern' basis
Company exploring future plans for business operations
Funds infused through loans from directors
Paid entire arrears of DP (CDSL & NSDL) dues
Accounts brought up to date, enabling full dematerialization for investors
Expects to offer Demat option to all investors shortly
Will approach BSE for revocation of trading suspension to become traded listed entity
New Appointments
Appointed M/s. Purva Share registry as new RTA (Registrar and Transfer Agent)
RTA completed reconciliation exercise with CDSL/NSDL for creating demat share database
Business Strategy
Expects to start business of leasing reefer containers
Intends to start manufacturing after establishing market foothold
Segment Reporting
Company operates in one reportable business segment
Reporting results in single segment
Audit and Compliance Details
Limited Review Report
Conducted by Shah Kailash and Associates LLP (Firm Reg. No. 109647W)
Review performed under SRE 2410 standard
Unmodified conclusion: No material misstatement found in financial results
Date: August 14, 2026
Place: Surat
UDIN: 26170979QGBIMA2419
Financial Statement Preparation
Prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015
Previous figures regrouped/reclassified to conform to audited FY26 classification
