Key Board Approvals
The Board of Directors meeting, held from 02:00 PM to 03:30 PM IST on 05th November 2026, approved and took on record the following items:
1. The Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2026.
2. The Limited Review Report of the Statutory Auditors (D. C. Bothra & Co. LLP) for the same period.
3. The appointment of M/s. Purwar & Purwar Associates LLP, Practicing Company Secretaries, as the Secretarial Auditor for the Financial Year 2026-27. Their address is 405, Omega Business Park, Road # 33, Wagle Estate, Thane (W) – 400 604. The terms of appointment are to conduct the Secretarial Audit for FY 2026-27.
4. The appointment of Mrs. Swara Vayangankar as the Internal Auditor for the Financial Year 2026-27. Her address is 2/32, Roshan Mahal Building, Sleatar Road, Grant Road West, Mumbai – 400007. The terms of appointment are to conduct the Internal Audit for FY 2026-27.
Financial Results Overview (Unaudited)
The company reported a net loss of ₹2.16 crore for the quarter ended 30th September 2026 (Q2 FY27), compared to a net profit of ₹1.58 crore in the previous quarter (Q1 FY27) and a net loss of ₹15.33 crore in the year-ago quarter (Q2 FY26).
For the half-year ended 30th September 2026 (H1 FY27), the company reported a net loss of ₹57.92 lakh, compared to a net profit of ₹91.61 lakh in H1 FY25.
Key Financial Metrics (Quarterly - Rs. in Lakhs)
| Particulars | 30-09-2026 (Q2 FY27) | 30-06-2026 (Q1 FY27) | 30-09-2025 (Q2 FY26) |
| Total Income | 319.54 | 311.70 | 1,532.66 |
| Total Expenses | 216.25 | 158.33 | 1,532.66 |
| Profit/(Loss) Before Tax | (216.25) | 158.33 | (1,532.66) |
| Profit/(Loss) for the period | (216.25) | 158.33 | (1,532.66) |
| Earnings Per Share (Basic & Diluted) | (0.90) | 0.66 | (6.39) |
Key Financial Metrics (Half-Yearly - Rs. in Lakhs)
| Particulars | H1 FY27 (30-09-2026) | H1 FY26 (30-09-2025) |
| Total Income | 634.82 | 941.43 |
| Profit/(Loss) for the period | (57.92) | 91.61 |
| Earnings Per Share (Basic & Diluted) | (0.24) | 0.38 |
Revenue Breakdown (H1 FY27 - Rs. in Lakhs)
The company's revenue from operations is derived solely from 'investment and dealing in shares and securities'.
- Profit/(Loss) on sale of Investments (incl. fair value changes) : 634.81
- Dividend Income: 0.01
- Total Revenue from Operations: 634.82
Auditor's Review and Going Concern
The limited review report was issued by D. C. Bothra & Co. LLP (Firm Reg. No. 0112257W) by partner Sonia Bhatia (Membership No.103976).
The report draws attention to Note No. 2 regarding a material uncertainty related to going concern. The company has been incurring losses for the past few years, its net worth is negative, and its liabilities exceeded its assets as of 30th September 2026. These conditions indicate a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.
However, the financial results have been prepared on a going concern basis based on comfort received from the Promoters and their Associates that they will continue to provide financial support and explore investment opportunities. The auditor's conclusion is not modified in respect of this matter.
Financial Position (As of 30th September 2026)
Statement of Assets and Liabilities (Rs. in Lakhs):
| Particulars | 30-09-2026 | 31-03-2026 |
| Total Assets | 8,570.25 | 1,139.04 |
| Financial Assets | 8,570.23 | 1,139.00 |
| Cash & Cash Equivalents | 0.34 | 4.04 |
| Investments | 8,569.71 | 1,134.78 |
| Trade Receivables | 0.18 | 0.18 |
| Total Liabilities | 10,812.65 | 3,282.57 |
| Borrowings | 10,747.29 | 3,248.36 |
| Equity | (2,242.40) | (2,143.53) |
| Share Capital | 240.00 | 240.00 |
| Other Equity | (2,442.40) | (2,383.53) |
The data confirms negative net worth (Other Equity of -₹2,442.40 lakh) and total liabilities exceeding total assets.
Cash Flow Statement (H1 FY27 - Rs. in Lakhs)
| Particulars | H1 FY27 | H1 FY26 |
| Net Cash Used in Operating Activities | (7,188.13) | (1,721.99) |
| Net Cash Flow from Financing Activities | 7,184.43 | 1,717.02 |
| Net Increase/(Decrease) in Cash | (3.70) | (4.97) |
| Cash & Equivalents (Closing Balance) | 0.34 | 0.22 |
Financing activities were dominated by significant inflows from secured borrowings (₹7,638.90 lakh) and outflows from paying down unsecured borrowings (₹1,275.85 lakh) and secured borrowings (₹1,087.11 lakh).