Key Financial Figures (Quarter ended 30-Sep-26)

  • Total Expenses: ₹6.96 lakh
  • Profit/(Loss) before tax: (₹6.96) lakh
  • Profit/(Loss) for the period: (₹6.96) lakh
  • Total Comprehensive Income: (₹6.96) lakh
  • Basic EPS: (₹0.00)
  • Diluted EPS: (₹0.00)

Key Financial Figures (Half Year ended 30-Sep-26)

  • Total Expenses: ₹26.13 lakh
  • Profit/(Loss) before tax: (₹26.13) lakh
  • Profit/(Loss) for the period: (₹26.13) lakh
  • Total Comprehensive Income: (₹26.13) lakh
  • Basic EPS: (₹0.01)
  • Diluted EPS: (₹0.01)

Expense Breakdown (Quarter ended 30-Sep-26)

  • Employee Benefits Expenses: ₹3.18 lakh
  • Finance Costs: ₹0.01 lakh
  • Other expenses: ₹3.77 lakh

Balance Sheet Highlights (as on 30.09.2026)

  • Total Assets: ₹8,828.26 lakh
  • Non-Current Assets: ₹7,493.41 lakh (includes Investments: ₹147.29 lakh, Long term Loans and Advances: ₹7,343.66 lakh)
  • Current Assets: ₹1,334.85 lakh (includes Trade receivables: ₹1,303.55 lakh, Cash & cash equivalents: ₹0.07 lakh)
  • Total Equity: ₹8,282.17 lakh (Equity Share Capital: ₹4,783.77 lakh, Other Equity: ₹3,498.40 lakh)
  • Non-Current Liabilities: ₹110.35 lakh
  • Current Liabilities: ₹435.74 lakh (Borrowings- Unsecured: ₹119.19 lakh, Trade payables: ₹16.64 lakh, Other current financial liabilities: ₹51.85 lakh, Short term Provisions: ₹248.06 lakh)

Cash Flow (Half Year ended 30.09.2026)

  • Net cash from operating activities: (₹57.72) lakh
  • Net cash from financing activities: ₹57.14 lakh (Increase in Short Term Borrowing)
  • Net decrease in cash and cash equivalents: (₹0.57) lakh
  • Opening Cash (31.03.2026): ₹0.64 lakh
  • Closing Cash (30.09.2026): ₹0.07 lakh

Auditor's Report & Qualifications

The statutory auditors, Nemani Garg Agarwal & Co., issued a qualified limited review report. Key qualifications include:

1. No revenue from operations since the past MD, Mr. Manmahon Gupta, fraudulently shifted the entire business including Intellectual Property to his own entities.

2. ROC fees of ₹55.97 lakh payable for an authorized capital increase (from ₹21 cr to ₹70 cr in FY 2010-11) is provided, but a writ petition challenging the revised fee is pending in Delhi High Court. The differential amount is a contingent liability.

3. Statutory dues (Service Tax/TDS/Professional Tax) aggregating ₹1.91 crore are outstanding since FY 2009-10. No provision for interest/penalties.

4. No estimated credit loss provided on outstanding debtors (management believes they are fully realizable).

5. Realizable value of unquoted non-current investments (₹1.47 crore) not disclosed, preventing impairment assessment.

Emphasis of Matters by Auditors

  • Company has not disclosed MSME outstanding balances.
  • Defaulted in payment of Vehicle Loan from Kotak Mahindra Prime Limited (Outstanding: ₹5.35 lakh as of 31.03.2026).
  • No business revenue for a long time.
  • No movement in majority of assets and liabilities for a long time.

Management Explanations

Management provided explanations countering the auditor's observations:

1. An Investigation Committee is looking into the business shift by the former MD.

2. The ROC fee writ (Diary No. 159963 dated 30/05/2016) challenges the applicability of the Companies Act 2013 fee structure to a pre-2014 capital increase. Fees per the old Act are provided.

3. The ₹1.91 crore statutory dues are provided for and will not impact current profits; management is arranging funds for repayment.

4. Debtors are considered fully realizable; no credit loss provision needed.

5. No permanent diminution in investment value; no impairment provision needed.

Related Party Transactions (Half Year ended 30.09.2026)

  • Received unsecured loans from promoter group entities.
  • Paid remuneration to directors and key managerial personnel.

Regulatory & Listing Status

  • The company has paid all outstanding Annual Listing Fees to BSE Limited for FY 2018-19 to FY 2026-27, along with reinstatement fees.
  • Trading in equity shares was permitted on a Trade-for-Trade basis only on the first trading day of every week (per BSE Notice No. 20210219-31 dated February 19, 2021).
  • The company is submitting an application to BSE for revocation of trading suspension and restoration of normal trading.