Key Business Transacted

The Board meeting, which commenced at 12:25 PM and concluded at 1:21 PM, transacted the following business:

1. Considered and approved the Un-Audited Financial Results of the Company for the quarter ended June 30, 2026, along with the Limited Review Report.

2. Approved a change in the designation of Mr. Gopal Bhatter (DIN: 07465307) from his existing role as a Non-Executive Non-Independent Director & CFO of the company to Whole Time Director. This approval is subject to the consent of shareholders at the upcoming 35th Annual General Meeting of the company.

Financial Results (Quarter Ended June 30, 2026)

The financial results are presented in Indian Rupees (Lac).

  • Revenue from Operations: ₹0.00 (Nil)
  • Other Income: ₹3.94
  • Total Income: ₹3.94
  • Total Expenses: ₹5.38
  • Employee Benefits Expense: ₹0.77
  • Other Expenses: ₹4.61
  • Loss Before Tax: (₹1.44)
  • Tax Expense: ₹0.00 (Nil)
  • Net Loss for the Period: (₹1.44)
  • Total Comprehensive Loss for the Period: (₹1.44)
  • Paid-up Equity Share Capital: ₹329.18 (Face value of ₹10/- each)
  • Earnings Per Share (EPS): Basic and Diluted EPS were (₹0.04)

Comparative Financials

Vs. Quarter Ended June 30, 2025 (Unaudited):

  • Net Loss was higher at (₹3.09)

Vs. Quarter Ended March 31, 2026 (Audited):

  • Net Loss was higher at (₹4.30)

Vs. Year Ended March 31, 2026 (Audited):

  • Net Loss for the full year was (₹11.16)

Auditor's Report and Emphasis of Matter

The Independent Auditor, D.V. Mittal & Co. (FRN: 002997N), issued an unmodified opinion on the financial results, stating they present a true and fair view. The audit report includes an "Emphasis of Matter" drawing attention to Note No. 24, which describes:

(i) A complete change in the promoter shareholding and management during FY 2025–26 pursuant to Share Purchase Agreements dated September 30, 2025, and a mandatory open offer under SEBI Takeover Regulations. Consequently, in April 2026, the erstwhile promoter directors, independent directors, and Company Secretary resigned, and new directors and a Company Secretary were appointed.

(ii) The Company has not undertaken any significant revenue-generating operations for several past financial years. Nevertheless, the financial results have been prepared on a going-concern basis, based on the management's assessment and the future business plans of the new management.

Additional Notes to Financial Results

1. The results were reviewed by the Audit Committee and approved by the Board on August 12, 2026.

2. The company operates in a single segment; hence, segment reporting is not applicable.

3. The company was not required to comply with IND AS 18 (Revenue Recognition) as there was no revenue from operations.

4. There were no exceptional items to report.

5. The results are prepared in accordance with Indian Accounting Standards (IND AS).