Key Financial Figures - Q1 FY27 (Unaudited Standalone)

Income Statement (₹ in Lacs)

  • Interest Income: ₹532.43 (Q1 FY26: ₹507.18; Q4 FY26: ₹519.56; FY26: ₹2,159.61)
  • Fees Income: ₹2.95 (Q1 FY26: ₹0.00; Q4 FY26: ₹14.75; FY26: ₹22.38)
  • Other Income: ₹1.10 (Q1 FY26: ₹0.55; Q4 FY26: ₹6.31; FY26: ₹17.39)
  • Total Income from Operations (Net): ₹536.48 (Q1 FY26: ₹507.73; Q4 FY26: ₹540.62; FY26: ₹2,199.38)

Expenses (₹ in Lacs)

  • Finance Cost: ₹96.34 (Q1 FY26: ₹69.42; Q4 FY26: ₹92.42; FY26: ₹323.16)
  • Employee benefits expenses: ₹89.22 (Q1 FY26: ₹171.00; Q4 FY26: ₹107.48; FY26: ₹546.38)
  • Depreciation & Amortisation: ₹5.61 (Q1 FY26: ₹6.11; Q4 FY26: ₹7.38; FY26: ₹27.52)
  • Administrative Expenses: ₹81.93 (Q1 FY26: ₹73.65; Q4 FY26: ₹100.37; FY26: ₹277.66)
  • Impairment of Financial Instruments: -₹0.46 (Q1 FY26: ₹27.90; Q4 FY26: ₹0.86; FY26: ₹1.07)
  • Total Expenses: ₹272.64 (Q1 FY26: ₹348.08; Q4 FY26: ₹308.51; FY26: ₹1,175.79)

Profitability (₹ in Lacs)

  • Profit before Tax: ₹263.84 (Q1 FY26: ₹159.65; Q4 FY26: ₹232.11; FY26: ₹1,023.59)
  • Tax Expense: ₹66.46 (Current Tax)
  • Profit for the period: ₹197.38 (Q1 FY26: ₹114.43; Q4 FY26: ₹174.67; FY26: ₹759.83)
  • Earnings Per Share (Basic): ₹0.52 (Q1 FY26: ₹0.89; Q4 FY26: ₹0.46; FY26: ₹2.04)
  • Earnings Per Share (Diluted): ₹0.52 (Q1 FY26: ₹0.89; Q4 FY26: ₹0.45; FY26: ₹1.83)

Balance Sheet Position as at 30th June 2026 (₹ in Lacs)

Assets

  • Cash and Cash equivalents: ₹809.10 (31st March 2026: ₹1,191.19)
  • Receivables: ₹0.20 Trade Receivables, ₹0.75 Other Receivables
  • Loans and Advances: ₹7,823.51 (31st March 2026: ₹7,169.35)
  • Investments: ₹0.04
  • Other Financial Assets: ₹39.86
  • Property, Plant & Equipment: ₹473.84
  • Capital work-in-progress: ₹0.47
  • Intangible assets: ₹43.06
  • Other non-financial assets: ₹49.64
  • Total Assets: ₹9,241.55

Liabilities and Equity

  • Trade Payables: ₹11.54
  • Other Payables: ₹0.04
  • Subordinated Debts: ₹3,283.40
  • Other financial liabilities: ₹30.64
  • Current tax liabilities: ₹76.82
  • Provisions: ₹24.45
  • Other non-financial liabilities: ₹11.44
  • Equity share capital: ₹3,764.55
  • Other equity: ₹2,038.67
  • Total Equity: ₹5,803.22
  • Total Liabilities and Equity: ₹9,241.55

Cash Flow Statement (01st April 2026 to 30th June 2026)

  • Net Cash Flow from Operating Activities: ₹321.84
  • Net Cash Flow from Investing Activities: -₹442.87
  • Net Cash Flow from Financing Activities: -₹38.00
  • Net Decrease in Cash & Cash Equivalents: -₹382.09
  • Opening Cash & Cash Equivalents: ₹1,191.19
  • Closing Cash & Cash Equivalents: ₹809.09

Board Resolutions Approved

1. Financial Results Approval

Approved Unaudited Financial Results (Standalone and Consolidated) for quarter ended June 30, 2026, as reviewed by Audit Committee. Limited Review Report issued by Statutory Auditors Mahesh C. Solanki & Co. (FRN: 006228C) enclosed.

2. Valuer Appointment

Approved appointment of CA S Dehaleesan, Registered Valuer (IBBI Registration No.: IBBI/RV/04/2019/11659) for valuation of Equity Shares for proposed preferential issue.

3. Preferential Issue

Approved creation, offer, issue, and allotment of up to 16,00,000 Equity Shares of face value ₹10 each on preferential basis in accordance with Chapter V of SEBI (ICDR) Regulations, 2018 and Companies Act, 2013. Subject to shareholder approval and in-principle approval from Stock Exchange.

4. Dedicated Bank Account

Approved dedicated bank account specifically to receive application funds for proposed preferential issue pursuant to Section 42 of Companies Act, 2013.

5. NCD Issuance

Approved issuance of Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures aggregating up to ₹2,00,00,000 on private placement basis in one or more tranches. Approved core terms and conditions, draft Private Placement Offer Letter (Form PAS-4), opening of Escrow Account, and execution of necessary agreements.

6. NCD Intermediaries

  • Approved appointment of IDBI Trusteeship Services Limited as Debenture Trustee
  • Approved appointment of M/s. SEP & Associates as Consultants for advisory and compliance services

7. Building Construction Committee

Constituted functional Building Construction Committee to oversee, monitor, and facilitate matters relating to ongoing and proposed construction/infrastructure activities. Members:

1. Mr. Joju Madathumpady Johny

2. CS Vidya Damodaran

3. Mr. Justin Thomas O

8. Banking Operations Authorization

Approved operational restructuring and revised authorization of designated officials to operate Company's bank account maintained with Axis Bank.

9. Treasury Investment

Approved investment/subscription in Chit Funds (Kuries) as part of fund diversification and treasury management within applicable regulatory frameworks. Authorized Managing Director and designated officers.

10. BSE SOP Notice Status

Noted communication from BSE Limited regarding levy of SOP fine of ₹59,000 (including GST) under Regulation 33 of SEBI (LODR) Regulations, 2015 for late submission of financial results for quarter/year ended March 31, 2026. Compliance already completed. Reviewed status of Waiver Application filed with BSE Limited under BSE Policy for Exemption of Fines.

Additional Disclosures (Annexure A)

Preferential Issue Details

  • Type of securities: Equity Shares
  • Type of issuance: Preferential Issue/Private Placement basis
  • Total number of securities: Up to 16,00,000 Equity Shares
  • Issue Price/Floor Price: To be determined based on Valuation Report from Registered Valuer in accordance with SEBI (ICDR) Regulations, 2018
  • Name of Allottees & Category: To be considered and finalized in upcoming Board Meeting

NCD Issuance Details

  • Total Issue Size: ₹2,00,00,000
  • Mode of Issuance: Private Placement
  • Listing Details: Unlisted
  • Debenture Trustee: IDBI Trusteeship Services Limited (prior consent obtained)
  • Security/Asset Cover: First exclusive charge over identified assets/receivables of the Company
  • Nature of Debentures: Secured, Redeemable, Non-convertible Debentures
  • Face Value: ₹10,000 each
  • Subscription Period: 01.09.2026 to 30.09.2026
  • Deemed date of allotment: 01.10.2026
  • Redemption method: Bullet Payment at par at end of tenure
  • Interest Rates: 12.00% & 12.50%
  • Refund of application money: Within 15 days from date of allotment
  • Minimum Application size: 5 Debentures of ₹10,000 each

Internal Audit Report Findings

Internal audit conducted for quarter ending 30/06/2026 with following observations:

Physical Cash Verification

  • Cash balance as per books: ₹4,29,223.00
  • Physical cash counted: ₹4,29,223.00
  • No excess/shortage observed
  • Risk Category: LOW

Profitability

  • Total Revenue: ₹5,36,47,894.50
  • Net Profit: ₹1,97,37,769.84 (36.79% of revenue)
  • Risk Category: LOW

Bank Reconciliation

  • All bank balances properly reconciled with bank statements
  • Total bank balance: ₹5,54,42,345.42
  • Risk Category: LOW

Vendors

  • Selected vendor accounts verified totaling ₹10,06,414.60
  • Risk Category: MEDIUM

Due Customers

  • Number of due customers: 2443 (reduced from 3118 in Q4 FY26)
  • Total due amount: ₹2,08,96,542.00 (reduced from ₹3,07,05,737.00 in Q4 FY26)
  • Risk Category: MEDIUM

Other Observations

  • No charges registered in MCA records (Risk: LOW)
  • No legal charges identified (Risk: LOW)
  • CCTV surveillance operational (Risk: LOW)
  • Operational registers properly maintained (Risk: LOW)
  • TDS verification showed no discrepancy (Risk: LOW)
  • GST payments timely and accurate (Risk: LOW)
  • ESI deductions and payments compliant (Risk: LOW)
  • Adequate safety measures established (Risk: LOW)