Board Meeting and Approval

The Board of Directors met on Saturday, May 30, 2026, from 07:00 PM to 08:00 PM. The board inter alia considered and approved the following:

  • The audited financial results for the quarter and financial year ended March 31, 2026.
  • Took note of the report of the statutory auditors on the audited financial results.
  • A declaration regarding the auditor's report with an unmodified opinion.

The results were reviewed by the Audit Committee and approved by the Board on May 31, 2023 [context suggests this is a typographical error and should be 2026, matching the document date].

Auditor's Report and Opinion

M/s. K S Subrahmanyam & Co., Chartered Accountants (FRN: 017461S), issued an independent auditor's report dated May 30, 2026. The report contains an unmodified opinion, stating that the financial statements give a true and fair view in conformity with accounting principles generally accepted in India.

The audit was conducted in accordance with Standards on Auditing (SAs). The auditor's report also includes:

  • A report on other legal and regulatory requirements as per the Companies (Auditor's Report) Order, 2020 (CARO 2020).
  • A separate report in Annexure-B on the internal financial controls, opining that the company has adequate internal financial controls over financial reporting which were operating effectively as of March 31, 2026.
  • Confirmation that the company has disclosed the impact of pending litigation on its financial position.
  • Confirmation that the company has made provisions for material foreseeable losses on long-term contracts, including derivative contracts.
  • Confirmation that there has been no delay in transferring amounts to the Investor Education and Protection Fund.
  • Management representations regarding no funds being advanced to or received from any intermediaries or funding parties for the benefit of ultimate beneficiaries.
  • The company did not declare or pay any dividend during the year.
  • Remuneration paid to directors is in accordance with Section 197 of the Companies Act, 2013.

Financial Results (Rs. in Lakhs)

Income Statement Highlights for FY Ended March 31, 2026 (Audited):

  • Total Revenue From Operations: ₹6,188.85
  • Interest Income: ₹262.00
  • Net Sale of stock (Shares): ₹5,926.85
  • Other income: ₹980.36
  • Total Income: ₹7,169.20
  • Total Expenses: ₹7,454.34
  • Purchases of stock-in-trade: ₹7,239.15
  • Finance costs: ₹255.58
  • Employee benefit expense: ₹42.02
  • Other expenses: ₹127.97
  • Total profit/(loss) before tax: (₹285.13)
  • Total tax expenses: (₹25.05)
  • Current tax: ₹0.00
  • Deferred tax: (₹25.05)
  • Net Profit/(Loss) for the period: (₹260.08)
  • Earnings per share (EPS): (₹0.088) [Basic and Diluted]

Quarterly Breakdown (Q4 FY26 - Audited):

  • Total Revenue From Operations: ₹1,698.05
  • Interest Income: ₹192.43
  • Net Sale of stock (Shares): ₹1,505.62
  • Total Income: ₹2,477.54
  • Total Expenses: ₹3,234.65
  • Total profit/(loss) before tax: (₹757.11)
  • Net Profit/(Loss) for the period: (₹602.35)
  • Earnings per share (EPS): (₹0.203) [Basic and Diluted]

Balance Sheet Position as at March 31, 2026 (Rs.)

  • Total Assets: ₹38,976.50
  • Financial Assets: ₹36,698.74 (Includes Investments: ₹34,424.21, Loans & Advances: ₹328.52, Trade Receivable: ₹805.46, Other financial assets: ₹1,119.06)
  • Non-Financial Assets: ₹2,277.76 (Includes Current tax assets: ₹252.25, Investment Property: ₹1,772.92, Inventories: ₹242.07)
  • Total Liabilities and Equity: ₹38,976.50
  • Financial Liabilities: ₹32,025.92 (Includes Trade payables: ₹3,566.07, Borrowings: ₹28,054.87)
  • Non-Financial Liabilities: ₹164.70 (Provisions)
  • Equity: ₹6,785.88 (Equity Share capital: ₹2,962.97, Reserves: ₹3,822.91)

Cash Flow Statement for FY Ended March 31, 2026 (Rs.)

  • Net Cash from Operating Activities: (₹13.06 Lakh)
  • Net Cash from Investing Activities: ₹7.49 Lakh
  • Net Cash from Financing Activities: (₹208.31 Lakh)
  • Net Increase/(Decrease) in Cash: (₹28.44 Lakh)
  • Cash & Cash Equivalents at period end: ₹21.48 Lakh

Additional Notes from Financial Statements

  • The company has no subsidiaries.
  • The statement is prepared in accordance with Companies (Indian Accounting Standard) Rules, 2015 (Ind AS).
  • Figures for the current quarter and prior periods are derived as balancing figures between audited full-year figures.
  • Previous year figures have been reclassified/regrouped to conform to the current period presentation.