Key Decisions and Financial Results

The Board of Directors meeting was held on July 29, 2026, commencing at 05:15 PM and concluding at 06:00 PM. The following items were taken on record/approved:

1. Unaudited Financial Results for Q1 FY2027: The Board considered and adopted the unaudited financial statements for the quarter ended June 30, 2026, and the accompanying limited review report.

  • Revenue from Operations: ₹0.00 lakh (Q1 FY2027 Un-Audited and Audited; Q1 FY2026 Un-Audited and Audited)
  • Other Income: ₹4.50 lakh (Q1 FY2027 Un-Audited); ₹0.24 lakh (Q1 FY2027 Audited); ₹0.00 lakh (Q1 FY2026 Un-Audited); ₹445.49 lakh (Q1 FY2026 Audited)
  • Total Income (Net): ₹4.50 lakh (Q1 FY2027 Un-Audited); ₹0.24 lakh (Q1 FY2027 Audited); ₹0.00 lakh (Q1 FY2026 Un-Audited); ₹445.73 lakh (Q1 FY2026 Audited)
  • Total Expenses: ₹11.15 lakh (Q1 FY2027 Un-Audited); ₹5.33 lakh (Q1 FY2027 Audited); ₹13.03 lakh (Q1 FY2026 Un-Audited); ₹27.22 lakh (Q1 FY2026 Audited)
  • Employee benefits expense: ₹2.55 lakh (Q1 FY2027 Un-Audited); ₹1.05 lakh (Q1 FY2027 Audited); ₹3.03 lakh (Q1 FY2026 Un-Audited); ₹0.00 lakh (Q1 FY2026 Audited)
  • Other expenses: ₹8.60 lakh (Q1 FY2027 Un-Audited); ₹4.04 lakh (Q1 FY2027 Audited); ₹10.00 lakh (Q1 FY2026 Un-Audited); ₹17.92 lakh (Q1 FY2026 Audited)
  • Profit/(Loss) before tax: (₹6.65) lakh loss (Q1 FY2027 Un-Audited); ₹440.41 lakh profit (Q1 FY2027 Audited); (₹13.03) lakh loss (Q1 FY2026 Un-Audited); ₹418.52 lakh profit (Q1 FY2026 Audited)
  • Tax Expense: ₹0.00 lakh (Q1 FY2027 Un-Audited and Audited; Q1 FY2026 Un-Audited); ₹35.62 lakh (Q1 FY2026 Audited)
  • Net Profit/(Loss) for the period: (₹6.65) lakh loss (Q1 FY2027 Un-Audited); ₹440.41 lakh profit (Q1 FY2027 Audited); (₹13.03) lakh loss (Q1 FY2026 Un-Audited); ₹382.90 lakh profit (Q1 FY2026 Audited)
  • Paid-up Equity Share Capital: ₹271.93 lakh (Face Value: ₹10.00)
  • Earnings Per Share (Basic & Diluted) from Continuing Operations: (₹0.24) loss per share (Q1 FY2027 Un-Audited); ₹16.20 profit per share (Q1 FY2027 Audited); (₹0.48) loss per share (Q1 FY2026 Un-Audited); ₹14.08 profit per share (Q1 FY2026 Audited)
  • The results were reviewed by the Audit Committee and approved by the Board.
  • The financial statements are prepared in accordance with Indian Accounting Standards (Ind AS).

2. Appointment of Additional Director - Mr. Sachin Nagendra Singh: Based on the recommendation of the Nomination and Remuneration Committee, Mr. Sachin Nagendra Singh (DIN: 11058137) was appointed as an Additional Director in the category of Non-Executive Independent Director, effective July 29, 2026.

  • Brief Profile: A qualified Company Secretary (CS) and Law Graduate (LL.B.) with extensive experience in corporate governance, regulatory compliance, and legal advisory. He has advised Boards on matters relating to the Companies Act, 2013, SEBI Regulations, corporate restructuring, and governance best practices.
  • Relationship with Directors: No relationship with any existing directors of the company.
  • Other Directorships: Callista Industries Limited.
  • The required details are provided as per SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, in Annexure-I.

3. Appointment of Additional Director - Ms. Nikita Jain: Based on the recommendation of the Nomination and Remuneration Committee, Ms. Nikita Jain (DIN: 11783571) was appointed as an Additional Director in the category of Non-Executive Independent Director, effective July 29, 2026.

  • Brief Profile: A qualified Company Secretary with over 3 years of experience in corporate law, governance, and regulatory compliance. Possesses knowledge of the Companies Act, SEBI Regulations, and corporate governance practices.
  • Relationship with Directors: No relationship with any existing directors of the company.
  • Other Directorships: Nil in listed entities.
  • The required details are provided as per SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, in Annexure-II.

Auditor's Review Report

S K Bhavsar & Co., Chartered Accountants (Firm Reg. No. 145880W), conducted a limited review of the unaudited financial results for the quarter ended June 30, 2026, as required by Regulation 33 of the SEBI LODR Regulations. Their review, performed in accordance with Standard on Review Engagement (SRE) 2410, did not bring to their attention any material misstatement in the financial results. The review report was dated July 29, 2026, and issued from Ahmedabad.