Financial Results Overview (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹0.00
  • Total Income: ₹0.00
  • Total Expenses: ₹73.56 lakh
  • Employee benefits expense: ₹2.73 lakh
  • Finance Costs: ₹67.69 lakh
  • Legal & Professional and Consultancy: ₹1.44 lakh
  • Other expenses: ₹1.70 lakh
  • Loss before tax: ₹(73.56) lakh
  • Tax expense: ₹0.00
  • Net Loss: ₹(73.56) lakh
  • Earnings per share (Basic and Diluted): ₹(2.00)

Financial Results Overview (Half Year Ended September 30, 2026)

  • Revenue from Operations: ₹0.00
  • Total Income: ₹0.00
  • Total Expenses: ₹151.67 lakh
  • Employee benefits expense: ₹5.46 lakh
  • Finance Costs: ₹135.18 lakh
  • Legal & Professional and Consultancy: ₹2.01 lakh
  • Other expenses: ₹9.02 lakh
  • Loss before tax: ₹(151.67) lakh
  • Tax expense: ₹0.00
  • Net Loss: ₹(151.67) lakh
  • Earnings per share (Basic and Diluted): ₹(4.12)

Comparative Performance

Compared to the same quarter last year (Q2 FY26):

  • Net Loss increased from ₹(69.31) lakh to ₹(73.56) lakh
  • Finance Costs increased from ₹62.79 lakh to ₹67.69 lakh

Compared to the previous quarter (Q1 FY27):

  • Net Loss decreased from ₹(78.11) lakh to ₹(73.56) lakh

Balance Sheet Position (As at September 30, 2026)

  • Total Assets: ₹254.76 lakh
  • Non-current Assets: ₹254.52 lakh (including Investments: ₹254.02 lakh)
  • Current Assets: ₹2.38 lakh (Cash and cash equivalents: ₹2.32 lakh)
  • Total Equity: Negative ₹(558.36) lakh
  • Equity Share capital: ₹36.81 lakh
  • Equity Component of Compound Financial Instrument: ₹831.51 lakh
  • Other Equity: Negative ₹(1,426.67) lakh
  • Total Liabilities: ₹813.12 lakh
  • Non-current Borrowings: ₹291.33 lakh
  • Current Borrowings: ₹24.30 lakh
  • Other financial liabilities: ₹497.27 lakh

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net cash used in operating activities: ₹(17.38) lakh
  • Net cash from financing activities: ₹15.00 lakh (from short-term borrowings)
  • Net decrease in cash and cash equivalents: ₹(2.39) lakh
  • Cash and cash equivalents at beginning: ₹4.71 lakh
  • Cash and cash equivalents at end: ₹2.32 lakh

Auditor's Emphasis of Matter

The statutory auditors highlighted that:

  • The company has accumulated losses resulting in erosion of net worth
  • The company incurred net cash losses in the current period and immediately preceding financial year
  • Current liabilities exceed current assets
  • These conditions may cast doubt about the company's ability to continue as a going concern
  • Despite these issues, the financial information has been prepared on a going concern basis based on management's perception

Capital Structure

  • Paid-up equity share capital remained unchanged at ₹36.81 lakh across all reporting periods
  • No changes in share capital structure during the reporting period