N.R. International Reports FY26 Loss Amid BSE Suspension

Revenue from Operations: ₹2,500.00 (Previous Year: ₹0.00)
Other Income: ₹395.08 (Previous Year: ₹7,786.24)
Total Revenue: ₹2,895.08 (Previous Year: ₹7,786.24)
Total Expenses: ₹4,936.93 (Previous Year: ₹7,079.91)
Profit/(Loss) Before Tax: (₹2,148.38) (Previous Year: ₹582.60)
Tax Expense: (₹466.55) (Deferred Tax) (Previous Year: ₹647.57 total)
Net Profit/(Loss) After Tax: (₹1,681.83) (Previous Year: (₹64.97))
Earnings Per Share (Basic & Diluted): (₹0.16) (Previous Year: (₹0.01))

Paid-up Equity Capital: ₹106,743.95 (10,674,395 shares of ₹10 each)
Authorized Capital: ₹120,000.00 (12,000,000 shares of ₹10 each)
Reserves & Surplus: ₹108,685.67
Total Equity: ₹215,429.62
Non-Current Assets: ₹73,651.72 (Includes Investments: ₹55,608.00)
Current Assets: ₹142,476.22 (Includes Loans to Related Parties: ₹138,832.81)
Total Assets: ₹216,127.95
Current Liabilities: ₹698.33

Financial Year Ended: 31st March 2026
Board Meetings Held During FY26: 8 meetings (Dates: 22.05.2025, 06.06.2025, 14.08.2025, 29.08.2025, 14.11.2025, 15.12.2025, 14.02.2026)
Company Secretary Change: Mr. Saroj Kumar Panda resigned w.e.f. 25th June 2025; Mr. Gaurav Pandey appointed w.e.f. 15th December 2025.
Independent Director Appointment: Mr. Aman Kumar Singh appointed as Additional Director (Non-Executive) on 06th August 2025.
AGM Date: 30th September 2026 at 12:00 PM
Book Closure Date: 24th September 2026 to 30th September 2026 (both days inclusive)
E-voting Period: 27th September 2026 (9:00 AM) to 29th September 2026 (5:00 PM)

Mrs. Sangeeta Modi (Director cum CFO, DIN:01963973)
Mr. Vineet Modi (Whole-time Director, DIN:05247764) - Retiring by rotation, seeking re-appointment
Mrs. Neetu Modi (Director, DIN:09164942) - Retiring by rotation, seeking re-appointment
Mr. Aman Kumar Singh (Independent Director, DIN:1114736)
Mr. Rajendra Singh (Independent Director)
Mr. Raju Singh (Independent Director)

Statutory Auditors: M/s A B A & Co., Chartered Accountants (FRN 331995E), appointed till 36th AGM
Secretarial Auditors: Mr. Nitesh Sinha of Nitesh Sinha & Associates (Firm Reg. No. S2022WB2477000)
Internal Auditors: M/s D Sethi & Associates, Chartered Accountants
Registrars & Share Transfer Agents: ABS Consultants Private Limited, Kolkata
Scrutinizer for E-voting: CS Nitesh Sinha

Bharat Global Private Limited (Directors in Common) - ₹110,387.00
Geothermal Logistics (Proprietorship of Director Sangeeta Nirmal Modi) - ₹2,840.81
Sangeeta Nirmal Modi (Director) - ₹25,605.00

The annual report provides a comprehensive overview of the company's performance, governance, and future outlook. The primary purposes disclosed are:

To comply with statutory requirements for conducting the AGM and presenting financial statements.
To update shareholders on the status of the BSE trading suspension and steps being taken for resolution.
To seek shareholder approval for the re-appointment of retiring directors.
To inform about the company's financial performance and future plans to enter the real estate sector.

BSE Suspension: Trading in equity shares remains suspended due to various constraints. Management is engaging with BSE and has submitted relevant documents for resolution. Financial impact not quantified.
Dividend: No dividend recommended for FY26 to conserve resources for operational requirements.
Tax Demand: Contingent liability of approximately ₹14.80 crores related to income escaping assessment for FY 2014-15 to 2017-18. Appeals filed with Commissioner of Income Tax (Appeals).
Other Contingent Liabilities: ₹74.16 lakhs related to Orissa VAT, CST, and Entry Tax demands under appeal.
Going Concern: Auditors highlighted this as a key audit matter. Management has represented no intention of liquidation and is taking necessary actions for continuity.
Related Party Transactions: Loans given to related parties amounting to ₹138,832.81 outstanding as of 31st March 2026. The audit report notes non-compliance with Sections 185 and 186 of the Companies Act, 2013 regarding these loans.

No change in share capital during the year. No issuance of bonus shares, sweat equity, or shares under stock option.
Paid-up capital remains at ₹1067.44 lakhs.

The company plans to increase business volume in cargo handling and transportation by adding more clients.
Directors are planning to enter into other possible ventures, especially in the real estate sector.
No immediate plans for expansion and modernization, but major capital expenditure in real estate is planned in the immediate following years.
Directors are confident of increasing revenues in the coming years.

Revenue from operations resumed at ₹25.00 lakhs (Previous Year: Nil).
Other income decreased significantly to ₹3.95 lakhs from ₹77.86 lakhs in the previous year.
Net loss increased to ₹16.82 lakhs from ₹0.65 lakhs in the previous year.
Loans to related parties decreased to ₹1,388.33 lakhs from ₹1,435.07 lakhs.
Cash position improved to ₹22.11 lakhs from ₹1.14 lakhs.

Internal Financial Controls: Auditors opine that the company has adequate internal financial controls system over financial reporting operating effectively.
Corporate Governance: Certificate provided confirms compliance with SEBI LODR Regulations, 2015.
Investor Complaints: No complaints were received from shareholders/investors during the year.
CSR: Provisions of Section 135 of the Companies Act, 2013 are not applicable to the company.
Deposits: Company has not accepted any deposits under Section 73 of the Companies Act, 2013.

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