Key Quantitative Figures

  • Net Loss for FY2026: ₹48.96 lakh (compared to ₹51.11 lakh loss in FY2025)
  • Q4 FY2026 Net Loss: ₹5.29 lakh
  • Total Income FY2026: ₹50.17 lakh (primarily from other income)
  • Revenue from Operations: ₹0 for FY2026 (compared to ₹279.50 lakh in FY2025)
  • Employee Benefit Expense: ₹33.62 lakh for FY2026
  • Finance Costs: ₹7.07 lakh for FY2026
  • Depreciation Expense: ₹9.30 lakh for FY2026
  • Earnings Per Share (Basic): -₹0.40 for FY2026
  • Paid-up Equity Share Capital: ₹609.10 lakh (face value ₹5 per share)

Dates of Action

  • Board Meeting Date: 30th May 2026 (commenced 15:30, concluded 17:00)
  • Financial Period: Quarter and year ended 31st March 2026
  • Auditor's Report Date: 30th May 2026

Parties Involved

  • Statutory Auditor: M/s. Kalyanasundaram and Associates, Chartered Accountants (Firm Registration Number 005455S)
  • Stock Exchange: The Bombay Stock Exchange of India Ltd.
  • Related Parties: RGGC Builders Pvt Ltd (loan recipient), KMF Ltd (loan recipient)

Financial and Operational Impact

  • Zero Revenue from Operations: Company generated no revenue from core construction business during FY2026
  • Cash Balance: ₹181.62 lakh as at March 31, 2026 (down from ₹394.21 lakh previous year)
  • Inventory Value: ₹239.93 lakh as at March 31, 2026
  • Loan Assets: ₹727.20 lakh outstanding to related parties including RGGC Builders Pvt Ltd (₹658.09 lakh) and KMF Ltd (₹59.11 lakh)
  • Tax Dispute: Disputed Income Tax dues aggregating ₹36.65 lakh pending before authorities

Capital Structure Impact

No change in paid-up equity share capital during the year. No dividend declared for FY2026.

Auditor's Emphasis Matters

1. Cash Balance: Company holding cash balance of ₹16.69 lakh, management confirmed funds will be utilized for business operations

2. Related Party Loans: Company granted loan to RGGC Builders Pvt Ltd (₹131.31 lakh during year) which has common director

3. Zero Operational Revenue: Management represented adequate financial resources and going concern basis appropriate

Internal Financial Controls

Auditor opinion states company has adequate internal financial controls over financial reporting that were operating effectively as of March 31, 2026.