Board Meeting Details

The Board of Directors meeting was held on 11th November, 2026, commencing at 11:30 AM and concluding at 3:55 PM.

Key Decisions

The Board approved the unaudited financial results of the Company for the quarter and half year ended September 30, 2026. The results were signed by Mr. Shao Xing Max Yang, Chairman and Director, and include a Limited Review Report issued by B. D. Jokhakar & Co., the statutory auditors.

Financial Results Summary (Rs. in Lakhs)

Income Statement Highlights

Quarter Ended September 30, 2026:

  • Total Income: ₹24.47 (vs ₹16.27 in Q2 FY26)
  • Expenses: ₹15.67 (vs ₹17.73 in Q2 FY26)
  • Profit/(Loss) before tax: ₹8.80 (vs ₹(1.46) in Q2 FY26)
  • Net Profit/(Loss) after tax: ₹6.49 (vs ₹(2.57) in Q2 FY26)
  • Basic EPS: ₹0.93 (vs ₹(0.37) in Q2 FY26)

Half Year Ended September 30, 2026:

  • Total Income: ₹31.84 (vs ₹26.87 in H1 FY26)
  • Expenses: ₹40.17 (vs ₹34.18 in H1 FY26)
  • Profit/(Loss) before tax: ₹(8.33) (vs ₹(7.27) in H1 FY26)
  • Net Profit/(Loss) after tax: ₹(10.63) (vs ₹(8.37) in H1 FY26)
  • Basic EPS: ₹(1.52) (vs ₹(1.17) in H1 FY26)

Income Breakdown (H1 FY27)

  • Other Income: ₹31.84 (no revenue from operations)

Expense Breakdown (H1 FY27)

  • Employee benefits expense: ₹1.97
  • Depreciation and amortization: ₹0.03
  • Professional Charges: ₹32.81
  • Other expenses: ₹5.37 (including Listing Fees ₹1.92, Advertisement & Publicity ₹0.69, Auditors Remuneration ₹2.35, Rent ₹0.20, Others ₹0.21)

Tax Expenses (H1 FY27)

  • Deferred Tax: ₹2.31

Balance Sheet Position as at September 30, 2026 (Rs. in Lakhs)

Assets

  • Total Assets: ₹988.74 (vs ₹1,010.83 as at March 31, 2026)
  • Non-current assets: ₹329.89 (including Investments ₹329.84)
  • Current assets: ₹658.85 (including Cash and Cash equivalents ₹651.58, Current Tax assets ₹4.74, Other Current Assets ₹2.53)

Equity and Liabilities

  • Total Equity: ₹959.11 (vs ₹969.77 as at March 31, 2026)
  • Equity share capital: ₹70.00 (unchanged)
  • Other equity: ₹889.11 (vs ₹899.77)
  • Non-Current liabilities: ₹20.46 (Deferred Tax Liability)
  • Current liabilities: ₹9.17 (vs ₹22.90 as at March 31, 2026)

Cash Flow Statement (H1 FY27, Rs. in Lakhs)

  • Net cash flow from operating activities: ₹(57.20)
  • Net cash flow from investing activities: ₹13.99 (primarily interest received on investments)
  • Net cash flow from financing activities: ₹0.00
  • Net decrease in cash and cash equivalents: ₹(43.22)
  • Cash and cash equivalents at end of period: ₹651.58 (comprising ₹11.08 in current accounts and ₹640.50 in deposits with less than three months maturity)

Notes to Financial Results

1. The unaudited financial results were reviewed by the Audit Committee and taken on record at the Board meeting.

2. The company operates in one business segment: Investment.

3. Previous year/period figures have been regrouped/rearranged where necessary.

4. Investment in Category I Alternate Investment Fund (AIF) - Venture Capital Fund is valued at Fair Market Value as at March 31, 2026, based on the statement of account received from the Fund.

5. Figures for the last quarter are balancing figures between audited figures for the full financial year and published year-to-date figures up to the third quarter.

Limited Review Report

B. D. Jokhakar & Co. issued a limited review report dated November 11, 2026, stating that nothing has come to their attention that causes them to believe the accompanying statement contains any material misstatement. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410.