Board Meeting Details

The Board of Directors meeting was held on Saturday, 07th November 2026 from 11:00 am to 01:40 pm at the Registered Office.

Key Decisions Approved

1. Financial Results Approval

  • Approved un-audited Financial Results along with Limited Review Report for Quarter and Half-year ended 30th September 2026
  • Results marked as Annexure-I to the filing

2. Branch Office Establishment

  • Approved establishment of new branch office at "Bhigu Phukan Path, Phukan Nagar, Ward No. X, Sivasagar, Assam 785640 IN"
  • Authorized Mr. Avnish Jindal (Managing Director) and Mr. Surendra Kumar Lakhotia (Project Head) to:
  • Execute deeds and enter into lease agreements
  • Obtain necessary local licenses/registrations
  • Manage day-to-day operations for the newly established branch
  • Perform any such acts required for branch establishment

Financial Results Summary (₹ in lakh except per share data)

Quarter Ended September 30, 2026 (Unaudited Standalone)

  • Revenue from Operations: ₹1,75,28,007
  • Profit/(Loss) Before Tax: ₹(97.48)
  • Net Profit/(Loss) for the Period: ₹(97.48)
  • Basic Earnings Per Equity Share: ₹(0.56)
  • Weighted Average Number of Equity Shares: 17,52,80,070 (Face value ₹2 each)

Half Year Ended September 30, 2026 (Unaudited Standalone)

  • Revenue from Operations: ₹1,75,28,007
  • Profit/(Loss) Before Tax: ₹(164.36)
  • Net Profit/(Loss) for the Period: ₹(164.36)
  • Basic Earnings Per Equity Share: ₹(0.94)

Comparative Figures (Previous Periods)

  • Quarter Ended June 30, 2026: Net Loss ₹(66.56) lakh, EPS ₹(0.38)
  • Quarter Ended September 30, 2025: Net Loss ₹(10.74) lakh, EPS ₹(0.07)
  • Half Year Ended September 30, 2025: Net Loss ₹(10.74) lakh, EPS ₹(0.07)
  • Year Ended March 31, 2026: Net Loss ₹(206.76) lakh

Balance Sheet Position (as at September 30, 2026)

  • Total Assets: ₹125.60 lakh
  • Equity Share Capital: ₹350.56 lakh
  • Other Equity: ₹(495.29) lakh
  • Net Worth: ₹(144.73) lakh (negative)
  • Non-current Liabilities (Borrowings): ₹217.63 lakh
  • Current Liabilities: ₹52.70 lakh
  • Cash and Cash Equivalents: ₹4.18 lakh

Significant Operational Updates

Corporate History and Status

  • Company formerly known as Omansh Enterprises Limited
  • New management took over on 22 August 2025
  • Commercial operations have not yet resumed due to ongoing transitionary activities
  • Pursuant to NCLT order (February 2024), resolution applicant required to re-commence full-fledged operations

Going Concern Assessment

  • Financial results prepared on going concern basis despite negative net worth of ₹144.73 lakh
  • Supported by promoter loan of ₹217.63 lakh (interest-free unsecured loan) introduced by management
  • Management working on resuming company operations

Farm-in Agreement

  • Dated 26 May 2026 to acquire 90% Participating Interest in Dipling asset (DSF-2015 Block)
  • Seller consortium comprises: M/s Ramayna Ispat Private Limited, M/s Duggar Fiber Private Limited, M/s EDN Enterprises Limited, and M/s Wahendra Infratech Private Limited
  • Consideration: Lump-sum ₹13.10 Crores for physical assets plus 7.5% Sellers Revenue Share on production
  • Transfer subject to necessary approvals from Directorate General of Hydrocarbons (DGH) and shareholders
  • Currently awaiting regulatory approval from DGH

Audit Review

  • Unaudited Financial Results reviewed by Singhi Chugh & Kumar LLP (FRN 013613N/N500504)
  • Limited Review Report issued pursuant to Regulation 33 of SEBI Listing Regulations
  • Review conducted in accordance with SRE 2410
  • No material misstatements identified in the financial results