Board Meeting Details
The Board of Directors meeting was held on Thursday, 12th November 2026 at the Registered Office of the Company situated at 2nd Floor, Plot no.83/A, bearing House no. 8-2-293/L/83-A, MLA Colony, Road No. 12, Banjara Hills, Hyderabad, Telangana, India - 500034. The meeting started at 12:30 PM (IST) and concluded at 01:30 PM (IST).
Matters Approved
1. Considered and approved the un-audited financial results of the company for the Second quarter of the financial year 2026-27 ended on 30th September, 2026 together with Limited Review Report issued by Statutory Auditors of the Company.
2. Took note of the Related Party transactions for the quarter ended 30th September 2026.
Financial Results Highlights (Quarter Ended 30th September 2026)
- Revenue from Operations: ₹3.00 lakh
- Other Income: ₹0.08 lakh
- Total Revenue: ₹3.08 lakh
- Employee benefits expense: ₹6.94 lakh
- Operating Expense: ₹8.44 lakh
- Total expenses: ₹15.38 lakh
- Loss before tax: ₹(12.30) lakh
- Loss after tax: ₹(12.30) lakh
- Basic and Diluted EPS: ₹(0.41)
Financial Results Highlights (Half-Year Ended 30th September 2026)
- Revenue from Operations: ₹6.00 lakh
- Other Income: ₹0.23 lakh
- Total Revenue: ₹6.23 lakh
- Employee benefits expense: ₹14.22 lakh
- Operating Expense: ₹19.92 lakh
- Total expenses: ₹34.14 lakh
- Loss before tax: ₹(27.91) lakh
- Loss after tax: ₹(27.91) lakh
- Basic and Diluted EPS: ₹(0.93)
Balance Sheet Position (as at 30th September 2026)
- Total Assets: ₹31.22 lakh (Previous year: ₹33.51 lakh)
- Equity Share Capital: ₹300.35 lakh (unchanged)
- Other Equity: ₹(923.94) lakh (Previous year: ₹(896.02) lakh)
- Non-current Borrowings: ₹375.63 lakh (Previous year: ₹365.90 lakh)
- Trade Receivables: ₹16.50 lakh (Previous year: ₹21.95 lakh)
- Cash and cash equivalents: ₹0.03 lakh (Previous year: ₹0.01 lakh)
- Bank balances other than cash: ₹0.18 lakh (Previous year: ₹0.71 lakh)
- Total Outstanding dues of Micro and Small Enterprises: ₹0.39 lakh (Previous year: ₹0.06 lakh)
- Total Outstanding dues other than Micro and Small Enterprises: ₹137.71 lakh (Previous year: ₹129.35 lakh)
- Other financial liabilities: ₹124.44 lakh (unchanged)
- Other current liabilities: ₹16.64 lakh (Previous year: ₹9.44 lakh)
Cash Flow Statement (Half-Year Ended 30th September 2026)
- Cash Flow from Operating Activities: ₹(10.97) lakh
- Cash Flow from Investing Activities: ₹0.73 lakh
- Cash Flow from Financing Activities: ₹9.73 lakh
- Net decrease in Cash and Cash Equivalents: ₹(0.51) lakh
- Cash and Cash Equivalents at end of period: ₹0.21 lakh
Auditor's Qualifications and Observations
1. Interest Provision Omission: The company has not provided for interest amounting to ₹2.81 lakh payable on Inter-Corporate Borrowing from Miven Mayfran Conveyors Pvt Ltd for the quarter ending 30th September 2026. The accumulated interest under negotiation with the lender amounts to ₹33.72 lakh which has not been provided for cumulatively.
2. Going Concern Uncertainty: The auditor reported concern regarding the company's ability to continue as a going concern as total outside liabilities exceed total assets by ₹623.59 lakh. The net worth is eroded, but management believes that with change in management, business plans and support from new promoters, the company expects to recover from losses.
3. Other Income: Represents dividend received from SVC Co-op Bank in aggregate of ₹0.08 lakh which was received on withdrawal of investment in the said Bank.
Additional Information
- The results were reviewed and recommended by the Audit Committee on 12th September 2026
- The company is engaged in the business of Manufacturing, Assembling, Trading and ancillary services of water Dispensing machines
- All sales and assets are in India
- The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS)