Board Meeting Details

The Board of Directors meeting was held on Thursday, 28.05.2026 at 2:00 p.m. at the Registered Office of the Company and concluded at 5:30 p.m.

Matters Approved by the Board

1. Audited financial results for the quarter and year ended March 31, 2026

2. Auditor's Report along with Declaration as per Regulation 33 of SEBI (LODR) Regulations, 2015 given by Statutory Auditor of the Company for the quarter ended March 31, 2026

3. Appointment of Mr. Avula Venkata Narayana Reddy (DIN: 02290361) as an Additional Director (Non-Executive Non-Independent) of the Company, subject to the approval of the members of the Company

4. Resignation of Mr. Rohit Aidasani as Chief Financial Officer of the Company with effect from 25.05.2026

Auditor's Opinion

The Statutory Auditors, M/s. Boppudi & Associates, Chartered Accountants (FRN: 050251S), have issued an Audit Report with an unmodified opinion on the Financial Results of the Company for the quarter and year ended March 31, 2026, in terms of Regulation 33(3)(d) of the SEBI Listing Regulations.

Financial Results Highlights (Year Ended March 31, 2026)

  • Revenue from Operations: ₹213.26 lakh
  • Other Income: ₹7.72 lakh
  • Total Income: ₹220.99 lakh
  • Total Expenses: ₹238.63 lakh
  • Cost of Materials consumed: ₹50.96 lakh
  • Changes in inventories: (₹37.12) lakh
  • Employee benefits expense: ₹60.96 lakh
  • Finance Cost: ₹1.86 lakh
  • Depreciation and amortisation expense: ₹74.98 lakh
  • Other expenses: ₹86.99 lakh
  • Loss before tax: ₹17.64 lakh
  • Tax expense: ₹0 (Current Tax), ₹4.26 lakh (Deferred Tax)
  • Net Loss for the year: ₹17.64 lakh
  • Earnings Per Share (Basic & Diluted): (₹0.03) per equity share of face value ₹10/- each
  • Paid-up equity share capital: ₹7,043.45 lakh (704,344,720 shares of ₹10/- each)

Financial Position as at March 31, 2026

  • Total Assets: ₹10,723.73 lakh
  • Non-current assets: ₹5,257.42 lakh (including Property, Plant and Equipment ₹218.24 lakh, Goodwill ₹1,901.69 lakh, Intangible Assets ₹3,026.31 lakh)
  • Current assets: ₹5,466.31 lakh (including Inventories ₹1,074.20 lakh, Trade receivables ₹514.02 lakh, Cash and cash equivalents ₹43.26 lakh, Loans ₹3,816.56 lakh)
  • Total Equity: ₹5,881.31 lakh
  • Equity share capital: ₹7,043.45 lakh
  • Other equity: (₹1,162.14) lakh
  • Total Liabilities: ₹4,842.42 lakh
  • Non-current liabilities: ₹3,812.17 lakh (including Borrowings ₹3,790.13 lakh)
  • Current liabilities: ₹1,030.25 lakh (including Borrowings ₹7.20 lakh, Trade payables ₹890.82 lakh)

Cash Flow Statement (Year Ended March 31, 2026)

  • Net Cash from Operating Activities: (₹3,605.16) lakh
  • Net Cash from Investing Activities: (₹60.22) lakh
  • Net Cash from Financing Activities: (₹1.86) lakh
  • Net decrease in Cash & Cash Equivalents: (₹62.08) lakh
  • Cash and cash equivalents at end of year: ₹43.26 lakh

Additional Director Appointment Details

Mr. Avula Venkata Narayana Reddy (DIN: 02290361) was appointed as Additional Director (Non-Executive Non-Independent) effective 28.05.2026, subject to member approval.

Profile: MBA degree holder with over 30 years of business leadership experience across Agri-Tech, Information Technology, Real Estate, Construction, and Community Service. Former financial sector professional in India and abroad, TiE Charter Member and Mentor.

Shareholding: Holds 49,999 equity shares in the company

Relationships: No relationships with other directors

Affirmation: Not debarred from holding director office by any SEBI order or authority

NCLT Restructuring Impact

The financial results for the quarter and year ended March 31, 2026 have been prepared considering the restructured entity post implementation of the NCLT Order dated 12-06-2025 (IA (Plan) 6 of 2025 IN CP (IB) No.1/7/HDB/2024) approving the Resolution Plan. The Company completed consequential procedural compliances including transfer/allotment of shares and ownership changes during the quarter ended March 31, 2026. Due to this restructuring and change in reporting entity composition, the figures for the current period are not comparable with the corresponding previous quarter/year figures presented.