Financial Performance (Quarter Ended 30th September 2026)

  • Revenue from Operations: ₹3.00 lakhs
  • Other Income: ₹0.08 lakhs (dividend received from SVC Co-op Bank)
  • Total Revenue: ₹3.08 lakhs
  • Employee Benefits Expense: ₹6.94 lakhs
  • Operating Expense: ₹8.44 lakhs
  • Total Expenses: ₹15.38 lakhs
  • Loss Before Tax: ₹(12.30) lakhs
  • Loss After Tax: ₹(12.30) lakhs
  • Basic and Diluted EPS: ₹(0.41)

Financial Performance (Half-Year Ended 30th September 2026)

  • Revenue from Operations: ₹6.00 lakhs
  • Other Income: ₹0.23 lakhs
  • Total Revenue: ₹6.23 lakhs
  • Employee Benefits Expense: ₹14.22 lakhs
  • Operating Expense: ₹19.92 lakhs
  • Total Expenses: ₹34.14 lakhs
  • Loss Before Tax: ₹(27.91) lakhs
  • Loss After Tax: ₹(27.91) lakhs
  • Basic and Diluted EPS: ₹(0.93)

Balance Sheet Position (as at 30th September 2026)

  • Equity Share Capital: ₹300.35 lakhs (face value ₹10 each)
  • Other Equity: ₹(923.94) lakhs (negative)
  • Non-current Investments: ₹0.50 lakhs
  • Trade Receivables: ₹16.50 lakhs
  • Cash and Cash Equivalents: ₹0.03 lakhs
  • Bank Balances (other than cash equivalents): ₹0.18 lakhs
  • Total Assets: ₹31.22 lakhs
  • Non-current Borrowings: ₹375.63 lakhs
  • Outstanding Dues to Micro and Small Enterprises: ₹0.39 lakhs
  • Outstanding Dues to Other Enterprises: ₹137.71 lakhs
  • Other Financial Liabilities: ₹124.44 lakhs
  • Other Current Liabilities: ₹16.64 lakhs
  • Total Equity and Liabilities: ₹31.22 lakhs

Cash Flow Statement (Half-Year Ended 30th September 2026)

  • Cash Flow from Operating Activities: ₹(10.97) lakhs
  • Cash Flow from Investing Activities: ₹0.73 lakhs (including sale of investments ₹0.50 lakhs and dividend received ₹0.23 lakhs)
  • Cash Flow from Financing Activities: ₹9.73 lakhs (proceeds from long-term borrowings)
  • Net Decrease in Cash and Cash Equivalents: ₹(0.51) lakhs
  • Cash and Cash Equivalents at End of Period: ₹0.21 lakhs

Auditor's Qualifications and Observations

The limited review report by V. Rao & Gopi Chartered Accountants contains the following qualifications:

1. Non-provision of Interest: The company has not provided for interest amounting to ₹2.81 lakhs payable on inter-corporate borrowing from Miven Mayfran Conveyors Pvt Ltd for the quarter ending 30th September 2026. The management is in discussion with the lender for waiver of loan and accumulated interest amounting to ₹33.72 lakhs cumulatively.

2. Material Uncertainty Regarding Going Concern: The auditor noted that total outside liabilities of the company exceed its total assets by ₹623.59 lakhs. The company is incurring losses and has negative net worth. However, considering the change in management, business plans, and support from new promoters, the company expects to recover from losses and believes the going concern assumption is appropriate.

Business Segment Information

The company is engaged in the business of manufacturing, assembling, trading, and ancillary services of water dispensing machines, which represents a single reportable segment. All sales and assets are located in India.