Independent Auditor's Report on Quarterly and Year-to-Date Audited Standalone Financial Results

Auditor's Opinion

Vinod Kumar Jain & Co Chartered Accountants (Firm Reg. No. 111513W) issued an unmodified opinion on the financial results. The audit was conducted in accordance with Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. The auditor confirms independence from the company and fulfillment of ethical responsibilities in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India.

The auditor concluded that the financial results:

  • Are presented in accordance with Regulation 33 of SEBI Listing Regulations
  • Give a true and fair view in conformity with Indian Accounting Standards and accounting principles generally accepted in India
  • Accurately represent the net loss, total comprehensive income, and other financial information for the quarter ended March 31, 2026 and year-to-date results for the period from April 1, 2025 to March 31, 2026

Financial Results Summary

Quarter Ended March 31, 2026 (Audited):

  • Revenue from operations: ₹0
  • Other income: ₹0
  • Total income: ₹0
  • Total expenses: ₹3.00 lakh
  • Loss before exceptional items and taxes: ₹3.00 lakh
  • Exceptional items: ₹(3.00) lakh
  • Loss before tax: ₹0
  • Tax expense: ₹0
  • Loss after tax: ₹(28.91) lakh
  • Total comprehensive loss: ₹(28.91) lakh
  • Basic EPS: ₹(5.42)
  • Diluted EPS: ₹(5.42)

Year Ended March 31, 2026 (Audited):

  • Revenue from operations: ₹0
  • Other income: ₹0
  • Total income: ₹0
  • Total expenses: ₹5.02 lakh
  • Loss before exceptional items and taxes: ₹5.04 lakh
  • Exceptional items: ₹(5.04) lakh
  • Loss before tax: ₹0
  • Tax expense: ₹0
  • Loss after tax: ₹(30.95) lakh
  • Total comprehensive loss: ₹(30.95) lakh
  • Basic EPS: ₹(5.81)
  • Diluted EPS: ₹(5.81)

Balance Sheet Position (as of March 31, 2026)

  • Paid-up equity share capital (Face value ₹10 per share): ₹53.32 lakh
  • Other equity (excluding revaluation reserves): ₹117.67 lakh
  • Total assets: ₹175.63 lakh

Cash Flow Statement (Year Ended March 31, 2026)

  • Net loss before tax: ₹(5.04) lakh
  • Net cash inflow/(outflow) from operating activities: ₹0
  • Net cash inflow/(outflow) from investing activities: ₹0
  • Net cash inflow/(outflow) from financing activities: ₹0
  • Cash and cash equivalents at beginning of period: ₹2.47 lakh
  • Cash and cash equivalents at end of period: ₹2.47 lakh

Governance and Approval

The financial results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meeting held on May 29, 2026. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act, 2013.

Additional Information

  • Previous quarter/period figures have been regrouped/reclassified wherever necessary to make them comparable
  • The statement includes results for quarters ended March 31, 2026 and March 31, 2025 as balancing figures between audited full financial years and published unaudited year-to-date figures up to the third quarter
  • The quarterly results were prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting"