Financial Results Summary (Standalone)

Quarterly Performance (₹ in Lakhs)

  • Q4 FY26 (Audited): Total Income: ₹0.62; Total Expenses: ₹65.23; Net Loss: ₹(64.61); EPS: ₹(6.30)
  • Q3 FY25 (Unaudited): Total Income: ₹0; Total Expenses: ₹23.87; Net Loss: ₹(23.87); EPS: ₹(2.33)
  • Q4 FY25 (Audited): Total Income: ₹0.64; Total Expenses: ₹36.68; Net Loss: ₹(36.04); EPS: ₹(3.51)

Annual Performance (₹ in Lakhs)

  • FY26 (Audited): Total Income: ₹0.79; Total Expenses: ₹156.16; Net Loss: ₹(155.37); EPS: ₹(15.15)
  • FY25 (Audited): Total Income: ₹0.64; Total Expenses: ₹127.50; Net Loss: ₹(126.86); EPS: ₹(13.69)

Expense Breakdown FY26 (₹ in Lakhs)

  • Employees Benefit Expense: ₹5.60
  • Finance Cost: ₹112.45
  • Depreciation and Amortisation: ₹0.83
  • Other Expenses: ₹37.28

Key Balance Sheet Items as of March 31, 2026 (₹)

  • Paid-Up Equity Share Capital: ₹102.55 lakh (Face Value ₹10/- per share)
  • Reserves and Surplus: ₹(285,996.02)
  • Shareholder's Funds: ₹(183,442.82)
  • Long Term Borrowings: ₹1,362,820.93
  • Current Liabilities: ₹484,600.68
  • Total Assets: ₹1,663,978.79

Cash Flow Statement FY26 (₹)

  • Net Cash from Operating Activities: ₹(536,134.24)
  • Net Cash from Investing Activities: ₹622.70
  • Net Cash from Financing Activities: ₹535,353.33
  • Net Decrease in Cash: ₹(158.20)
  • Closing Cash Balance: ₹1,825.09

Audit Qualification

Auditors A. Patwari & Co (FRN: 326300E) issued a qualified opinion due to:

  • Non-provision for doubtful debts of ₹21,34,761 against trade receivables aggregating ₹24,45,169 which are old and under litigation
  • Specifically, ₹21,34,761 receivable from one trade debtor where the Hon'ble City Civil & Sessions Court, Greater Mumbai has ordered the company to pay ₹29,38,735 (plus interest) to the same party
  • The debt is considered doubtful and barred by limitation
  • Management's view: The matter is subjudice and the company has filed an appeal in the Honorable High Court of Mumbai; the company is hopeful of recovery and therefore has not made provision

Board Meeting Details

  • Meeting held on 30th May 2026
  • Commenced at 3:00 PM IST, concluded at 4:00 PM IST
  • Approved audited financial results for Q4 and FY ended March 31, 2026
  • Approved auditor's report with modified opinion
  • Approved statement of impact of audit qualifications

Related Party Transactions Disclosure

For the year ended March 31, 2026, the company disclosed the following related party transactions (loans/advances to directors):

1. Pradyumna Jajodia (Director):

  • Loan approved: ₹20,000,000
  • Opening balance: ₹3,161,280
  • Closing balance: ₹17,161,280

2. Pradyumna Jajodia (Director):

  • Loan approved: ₹25,000,000
  • Opening balance: ₹23,305,000
  • Closing balance: ₹23,305,000

3. Padmanabh Jajodia (Director):

  • Loan approved: ₹20,000,000
  • Opening balance: ₹5,066,897
  • Closing balance: ₹19,066,897

4. Devang Jajodia (Director):

  • Loan approved: ₹20,000,000
  • Opening balance: ₹6,271,819
  • Closing balance: ₹17,871,819

5. Srawan Kumar Nooual (Person able to exercise significant influence):

  • Loan approved: ₹25,006,000
  • Opening balance: ₹23,305,000
  • Closing balance: ₹23,305,000

6. Amisha Engineering Pvt Ltd (Entity where same person exercises significant influence):

  • Deposit: ₹400,000
  • Opening balance: ₹400,000
  • Closing balance: ₹400,000

Total related party transactions: ₹110,400,000 approved

Total closing balance: ₹101,109,996

Additional Information

  • The company is a single segment company
  • Financial results prepared in accordance with Indian Accounting Standards (IND AS)
  • Figures for previous periods have been regrouped/reclassified wherever necessary
  • No exceptional or extraordinary items
  • No change in accounting policies