Key Quantitative Figures

Financial Results for Quarter Ended March 31, 2026 (Amount in Rs. Lakhs):

  • Revenue from Operations: 100.40
  • Total Income: 100.40
  • Total Expenses: 152.61
  • Loss before tax: (52.21)
  • Tax Expense: Current Tax (13.34), Deferred Tax (0.00)
  • Loss for the period: (38.84)
  • Earnings per Share (Basic & Diluted): (0.00)

Financial Results for Year Ended March 31, 2026 (Amount in Rs. Lakhs):

  • Revenue from Operations: 589.89
  • Total Income: 591.59
  • Total Expenses: 318.93
  • Profit before tax: 272.65
  • Tax Expense: Current Tax 70.90, Deferred Tax (0.02)
  • Profit for the year: 201.77
  • Earnings per Share (Basic & Diluted): 0.03

Comparative Figures for Year Ended March 31, 2025 (Amount in Rs. Lakhs):

  • Revenue from Operations: 1,169.40
  • Total Income: 1,170.55
  • Total Expenses: 612.04
  • Profit before tax: 558.51
  • Tax Expense: Current Tax 145.22, Deferred Tax (0.01)
  • Profit for the year: 413.30
  • Earnings per Share (Basic & Diluted): 0.07

Capital Structure:

  • Paid up Equity Share Capital (Face value of Rs. 1/- each): 6,773.44 lakh shares
  • Reserves excluding revaluation reserves: 186.59 lakh

Dates of Action

  • Board Meeting Date: May 26, 2026 (6:00 PM to 7:00 PM)
  • Financial Period: Quarter and Year ended March 31, 2026

Parties Involved

  • Statutory Auditors: M/s. Nirav S. Shah & Co., Chartered Accountants
  • Stock Exchange: BSE Limited
  • Regulatory Reference: SEBI Circular No. SEBI/HO/CFDICFD-PoD-2/CIR/P|2024|LBs dated December 31, 2024 and BSE circular No. 20250102-4 dated January 02, 2025

Audit Details

  • Audit Report issued with unmodified opinion
  • Declaration pursuant to Regulation 33(3)(d) of SEBI LODR Regulations confirming unmodified audit opinion
  • Internal financial controls found adequate and operating effectively

Key Disclosures from Auditor's Report

Investments and Loans:

  • Investments made during the year: Rs 500.00 lakh
  • Investments outstanding as on Balance Sheet Date: Rs 4,105.83 lakh
  • Loans and Advances provided during the year: Rs 566.51 lakh
  • Loans and Advances outstanding: Rs 2,018.70 lakh

Pending Litigations:

  • Income tax demands totaling Rs 303.21 lakh across multiple assessment years:
  • AY 2016-17: Rs 115.71 lakh (pending at ITAT)
  • AY 2017-18: Rs 141.47 lakh (pending at ITAT)
  • AY 2017-18: Rs 9.53 lakh (no appeal against order)
  • AY 2018-19: Rs 1.75 lakh (rectification pending)
  • AY 2014-15: Rs 35.75 lakh (pending at CILT(A))

Related Party Transactions:

  • Tushar Shah (Managing Director): Remuneration Rs 9.00 lakh
  • Akshita Dave (Director): Sitting Fees Rs 0.60 lakh
  • Amee Tushar Shah (Wife of MD): Rent Expenses Rs 0.60 lakh

Other Material Disclosures:

  • Company has single reportable segment as per Ind AS 108
  • No internal audit system in place
  • No default in repayment of borrowings
  • No fraud reported during the year
  • No cash losses incurred during current or previous financial year
  • No resignation of statutory auditors during the year

Financial Impact

Financial results show a significant decrease in profitability year-over-year with FY26 profit of Rs 201.77 lakh compared to FY25 profit of Rs 413.30 lakh, representing a 51% decline.