The Board inter-alia considered and approved the following matters:

1. The Audited Standalone Financial Results of the Company for the quarter and financial year ended March 31, 2026, along with the Auditor's Report.

2. Re-appointment of Mr. Jagat Mohan Aggarwal (DIN: 00750120) as the Chairman cum Managing Director of the company for a further term of 3 years commencing from May 25, 2026, subject to approval of shareholders at the ensuing AGM.

Financial Performance (Standalone)

(All figures in ₹ lakhs)

Quarter Ended March 31, 2026 (Audited) vs. Comparative Periods:

  • Revenue from operations: ₹102.43 (vs. ₹103.39 in Q4 FY25)
  • Other income: ₹3.27 (vs. ₹10.69 in Q4 FY25)
  • Total revenue: ₹105.71 (vs. ₹114.09 in Q4 FY25)
  • Total expenses: ₹132.59 (vs. ₹114.77 in Q4 FY25)
  • Loss before exceptional items and tax: ₹(26.88) (vs. loss of ₹(0.68) in Q4 FY25)
  • Exceptional items: ₹42.28 (vs. ₹0.00 in Q4 FY25)
  • Loss before tax: ₹(69.16) (vs. loss of ₹(0.68) in Q4 FY25)
  • Tax expense: ₹(2.14) (vs. ₹0.35 in Q4 FY25)
  • Loss for the period: ₹(67.02) (vs. loss of ₹(1.03) in Q4 FY25)
  • Total comprehensive income: ₹(67.02) (vs. loss of ₹(1.03) in Q4 FY25)
  • Basic EPS: ₹0.00 (vs. ₹0.00 in Q4 FY25)
  • Diluted EPS: ₹0.00 (vs. ₹0.00 in Q4 FY25)

Financial Year Ended March 31, 2026 (Audited) vs. FY25:

  • Revenue from operations: ₹102.43 (vs. ₹103.39 in FY25)
  • Other income: ₹25.70 (vs. ₹42.52 in FY25)
  • Total revenue: ₹128.14 (vs. ₹145.91 in FY25)
  • Total expenses: ₹213.51 (vs. ₹137.23 in FY25)
  • Loss before exceptional items and tax: ₹(85.37) (vs. profit of ₹8.68 in FY25)
  • Exceptional items: ₹42.28 (vs. ₹0.00 in FY25)
  • Loss before tax: ₹(127.65) (vs. profit of ₹8.68 in FY25)
  • Tax expense: ₹(2.14) (vs. ₹0.35 in FY25)
  • Loss for the year: ₹(125.51) (vs. profit of ₹8.32 in FY25)
  • Total comprehensive income: ₹(125.51) (vs. profit of ₹8.32 in FY25)
  • Basic EPS: ₹0.00 (vs. ₹0.19 in FY25)
  • Diluted EPS: ₹0.00 (vs. ₹0.19 in FY25)
  • Paid-up equity share capital: ₹435.85 (unchanged from FY25)
  • Other equity: ₹(37.13) (vs. ₹88.39 in FY25)

Balance Sheet Position as at March 31, 2026 (Audited)

  • Total assets: ₹411.33 lakh (vs. ₹538.84 lakh as at March 31, 2025)
  • Non-current assets: ₹262.60 lakh (vs. ₹8.52 lakh)
  • Property, Plant & Equipment (Net): ₹255.51 lakh (vs. ₹2.80 lakh)
  • Other non-current assets: ₹7.10 lakh (vs. ₹5.72 lakh)
  • Current assets: ₹148.72 lakh (vs. ₹530.32 lakh)
  • Loan (Asset): ₹134.17 lakh (vs. ₹479.04 lakh)
  • Cash and cash equivalents: ₹0.29 lakh (vs. ₹0.54 lakh)
  • Other current assets: ₹14.26 lakh (vs. ₹50.74 lakh)
  • Equity: ₹398.73 lakh (vs. ₹524.24 lakh)
  • Equity share capital: ₹435.85 lakh (unchanged)
  • Other equity: ₹(37.13) lakh (vs. ₹88.39 lakh)
  • Non-current liabilities: ₹3.63 lakh (vs. ₹5.77 lakh)
  • Deferred tax liabilities (Net): ₹3.63 lakh (vs. ₹5.77 lakh)
  • Current liabilities: ₹8.97 lakh (vs. ₹8.83 lakh)
  • Other current liabilities: ₹6.30 lakh (vs. ₹5.90 lakh)
  • Provisions: ₹2.67 lakh (vs. ₹2.93 lakh)

Cash Flow Statement for FY26 (Audited)

  • Cash flow from operating activities: ₹(35.13) lakh (vs. ₹12.76 lakh in FY25)
  • Cash flow from investing activities: ₹34.87 lakh (vs. ₹(52.34) lakh in FY25)
  • Cash flow from financing activities: ₹0.00 lakh (unchanged)
  • Net decrease in cash and cash equivalents: ₹(0.25) lakh (vs. ₹(39.58) lakh in FY25)
  • Opening cash and cash equivalents: ₹0.54 lakh (vs. ₹40.12 lakh)
  • Closing cash and cash equivalents: ₹0.29 lakh (vs. ₹0.54 lakh)

Management Re-appointment

Mr. Jagat Mohan Aggarwal (DIN: 00750120) was re-appointed as Chairman cum Managing Director for a further term of 3 years commencing May 25, 2026, subject to shareholder approval at the ensuing AGM. He holds 1,54,626 shares in the company as of March 31, 2026, and is not debarred from holding the office of Director by virtue of any SEBI Order or other authority.

Additional Information

The financial statements were prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind AS). The company has a single reportable segment. Other income comprises mainly of interest received. The financial results have been approved by the Audit Committee and taken on record by the Board of Directors.