Key Financial Figures - Standalone Results (Year Ended March 31, 2026)

  • Total Income: ₹16.74 lakh (compared to ₹534.19 lakh in FY2025)
  • Total Expenses: ₹29.85 lakh
  • Loss Before Tax: ₹13.11 lakh
  • Tax Expenses: ₹21.33 lakh (Deferred Tax Liability) + ₹8.57 lakh (Tax for prior years)
  • Net Loss After Tax: ₹43.01 lakh (compared to net profit of ₹221.53 lakh in FY2025)
  • Total Comprehensive Income: ₹43.01 lakh
  • Paid-up Equity Share Capital: ₹532.87 lakh (Face value ₹2 per share)
  • Earnings Per Share: Not annualized, negative

Key Financial Figures - Consolidated Results (Year Ended March 31, 2026)

  • Total Income: ₹107.52 lakh
  • Total Expenses: ₹122.93 lakh
  • Loss Before Tax: ₹15.40 lakh
  • Tax Expenses: ₹21.33 lakh (Deferred Tax Liability) + ₹8.57 lakh (Tax for prior years)
  • Net Loss After Tax: ₹45.30 lakh
  • Total Comprehensive Income: ₹45.30 lakh
  • Paid-up Equity Share Capital: ₹532.87 lakh
  • Reserves: Negative ₹885.19 lakh
  • Total Equity: Negative ₹352.32 lakh

Material Uncertainty Related to Going Concern

The auditor highlighted material uncertainty regarding going concern as the company had nil revenue from operations during the quarter and year ended March 31, 2026, and net worth is eroded as of that date. The company is engaged in realty business with only one reportable segment but has added Investment and Trading as a business activity expected to bring operational revenue.

Legal Dispute and Contingent Liability

A sum of ₹13.30 crore received from Prime Mall Developers (a partnership firm where the company is 50% partner) in 2007 continues to be treated as Non-Current Liabilities. This money was received as part of an ad-hoc distribution of funds under a construction agreement. There is a dispute among partners, and the company has filed an arbitration case before the Hon'ble Madras High Court. The matter is sub-judice, and appropriate treatment will be given based on the legal outcome.

Subsidiaries and Associates

The consolidated financial results include:

  • Wholly owned subsidiaries: ATL Textile Processors Limited, New Line Buildtech Private Limited
  • Subsidiary: Srivarsha Realtors Private Limited
  • Associates: Prime Developers (Partnership Firm), Prime Newline AOP, Prime Mall Developers (Partnership Firm), Prime Urban Developers (Partnership Firm), Prathan City Developers LLP

Group's share of subsidiaries: Total assets ₹6.39 lakh, net loss ₹0.74 lakh (quarter) and ₹2.51 lakh (year)

Group's share of associates: Total assets ₹1,671.41 lakh, net loss ₹17.74 lakh (quarter) and ₹89.57 lakh (year)

Meeting Details

The Board meeting commenced at 2:11 pm and concluded at 2:32 pm on May 28, 2026.

Additional Information

The company is engaged in Realty Business and Trading & Investment Business with no revenue in both segments during the year. A scheme of amalgamation of two wholly owned subsidiary companies (ATL Textile Processors and Newline Buildtech Private Limited) with the company is under progress, awaiting regulatory approvals with appointed date of April 1, 2022.

The financial results are available on the company's website www.ptlonline.com and on BSE Ltd's website www.bseindia.com.