Key Events and Chronology

  • Original audited standalone and consolidated financial results for FY26 were submitted to BSE on 27 May 2026 following board approval on same date
  • BSE notice dated 30 June 2026 identified discrepancy: Auditor's Report for consolidated results omitted the List of Entities as required by SEBI Circular CIR/CFD/CMD1/110/2019 dated July 19, 2019
  • Company obtained revised Auditor's Report from Statutory Auditors incorporating prescribed disclosure format
  • Revised consolidated financial results with corrected Auditor's Report uploaded to BSE Listing Centre on 10 July 2026
  • No change in actual financial results approved by board on 27 May 2026 - only format rectification

Financial Results Overview (Consolidated)

For Year Ended March 31, 2026:

  • Total Revenue: ₹11,368.72 lakh
  • Total Net Loss after tax: ₹223.30 lakh
  • Other Comprehensive Income (Net of Tax): ₹(71.04) lakh
  • Total Comprehensive Income: ₹(294.34) lakh
  • Net Loss attributable to owners: ₹208.03 lakh
  • Earnings per share (Basic & Diluted): ₹(0.46) per share of face value ₹2
  • Paid-up Equity Share Capital: ₹914.02 lakh
  • Reserves: ₹903.27 lakh

For Quarter Ended March 31, 2026:

  • Total Revenue: ₹2,137.27 lakh
  • Total Net Loss after tax: ₹473.20 lakh
  • Other Comprehensive Income (Net of Tax): ₹(54.35) lakh
  • Total Comprehensive Income: ₹(527.55) lakh
  • Net Loss attributable to owners: ₹467.03 lakh
  • Earnings per share (Basic & Diluted): ₹(1.02) per share of face value ₹2

Segment-wise Performance (Consolidated)

Revenue Breakdown for FY26:

  • Trading in Shares & Securities: ₹10,690.13 lakh
  • Merchant Banking Service: ₹678.68 lakh
  • Total Revenue: ₹11,368.80 lakh

Segment Results for FY26:

  • Trading in Shares & Securities Loss: ₹(169.46) lakh
  • Merchant Banking Service Profit: ₹206.88 lakh
  • Total Segment Results: ₹37.42 lakh
  • Unallocated Expenses: ₹(260.72) lakh
  • Final Net Loss: ₹(223.30) lakh

Assets and Liabilities as of March 31, 2026:

  • Total Segment Assets: ₹3,867.12 lakh
  • Trading in Shares & Securities: ₹3,459.01 lakh
  • Merchant Banking Service: ₹283.86 lakh
  • Unallocated: ₹124.25 lakh
  • Total Segment Liabilities: ₹2,049.84 lakh
  • Trading in Shares & Securities: ₹1,963.90 lakh
  • Merchant Banking Service: ₹39.88 lakh
  • Unallocated: ₹46.05 lakh
  • Total Capital Employed: ₹1,817.28 lakh

Subsidiary Information

  • Mefcom Securities Limited (Subsidiary)
  • Total assets: ₹466.67 lakh as at March 31, 2026
  • Total revenue: ₹39.77 lakh (Q4) and ₹512.84 lakh (FY26)
  • Net loss after tax: ₹(15.43) lakh (Q4) and ₹(38.16) lakh (FY26)

Auditor's Opinion

  • Statutory Auditor: Satya Prakash Garg & Co. (Firm No. 017544N)
  • Unqualified opinion confirming financial results give true and fair view
  • No material misstatements found
  • Internal financial controls adequate and operating effectively
  • No fraud reported during audit
  • No adverse remarks in subsidiary audit reports