Nature of the Event
Regulatory filing pursuant to SEBI Listing Regulations 33, submitting the Unaudited Financial Results for the quarter and half year ended September 30, 2026, approved by the Board of Directors on November 13, 2026.
Key Financial Figures
Income Statement (Quarter Ended September 30, 2026)
- Total Income: ₹1.87 lakh
- Total Expenses: ₹148.20 lakh
- Loss from Operations: ₹(146.32) lakh
- Loss Before Tax: ₹(146.32) lakh
- Tax Expense: ₹5.27 lakh
- Net Loss for the Quarter: ₹(141.19) lakh
- Earnings Per Share (Basic & Diluted): ₹(0.78)
Income Statement (Half Year Ended September 30, 2026)
- Total Income: ₹25.10 lakh
- Total Expenses: ₹304.63 lakh
- Loss from Operations: ₹(279.53) lakh
- Loss Before Tax: ₹(303.38) lakh
- Tax Expense: ₹5.27 lakh
- Net Loss for the Half Year: ₹(298.11) lakh
- Earnings Per Share (Basic & Diluted): ₹(1.64)
Balance Sheet (As at September 30, 2026)
- Total Assets: ₹1,264.81 lakh
- Non-Current Assets: ₹419.24 lakh
- Property, Plant and Equipment: ₹24.68 lakh
- Investments: ₹101.09 lakh
- Deferred Tax Assets (Net): ₹1.42 lakh
- Other Non-Current Assets: ₹13.71 lakh
- Current Assets: ₹845.58 lakh
- Cash and Cash Equivalents: ₹0.05 lakh
- Bank Balances (other than cash equivalents): ₹410.08 lakh
- Loans and Advances: ₹226.02 lakh
- Other Current Assets: ₹209.43 lakh
- Total Equity: ₹827.39 lakh
- Paid-up Equity Share Capital (Face Value ₹10 per share): ₹1,820.54 lakh
- Other Equity (Reserves): ₹(993.15) lakh
- Total Liabilities: ₹437.43 lakh
- Non-Current Liabilities: ₹352.93 lakh (Deferred Tax Liabilities)
- Current Liabilities: ₹84.50 lakh
- Trade Payables: ₹54.63 lakh
- Other Financial Liabilities: ₹7.89 lakh
- Other Current Liabilities: ₹21.10 lakh
- Provisions: ₹0.87 lakh
Cash Flow Statement (Half Year Ended September 30, 2026)
- Net Cash Used in Operating Activities: ₹(565.96) lakh
- Net Cash Used in Investing Activities: ₹0.56 lakh
- Net Cash from Financing Activities: Not quantified
- Net Decrease in Cash and Cash Equivalents: ₹(565.40) lakh
- Cash and Cash Equivalents at Beginning of Period: ₹975.53 lakh
- Cash and Cash Equivalents at End of Period: ₹410.13 lakh
Dates of Action
- Board Meeting Date: November 13, 2026 (commenced at 12:00 PM, concluded at 1:40 PM)
- Period Ended: September 30, 2026
- Auditor's Review Report Date: November 13, 2026
Parties Involved
- Statutory Auditors: Jain Vinay & Associates, represented by Partner Vishnu Kumar Sodhani (M.No. 403919)
- Stock Exchange: BSE Limited
- Regulatory Reference: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 33
Auditor's Emphasis of Matter
The auditor's limited review report highlights four key areas of concern:
1. Going Concern: Balance in Sweep FD account is only ₹10,00,000 as of September 30, 2026. With no sales, there is material doubt on the company's ability to continue as a going concern unless capital is infused. Management responded that the company is evaluating options for raising capital.
2. Unpaid Salary: September 2026 salary remains unpaid as of October 27, 2026, violating the Code on Wages 2019 which requires payment before the 7th day of the succeeding month. Management stated they would clear it in the upcoming quarter.
3. Unpaid TDS: TDS liability for August and September 2026 of ₹12,12,559 along with applicable interest was unpaid as of October 27, 2026. Management stated they would clear statutory dues in the upcoming quarter.
4. Unpaid Office Rent: Office rent for August and September 2026 is proposed to be adjusted against the security deposit. Management agreed to adjust the security deposit in October 2026 and replenish it by December 1, 2026.
The auditor's conclusion is not qualified regarding these matters.