Financial Results Overview

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹0.00 lakhs (compared to -₹0.01 lakhs in Q2 FY25)
  • Other Income: ₹0.26 lakhs (compared to ₹0.00 lakhs in Q2 FY25)
  • Total Income: ₹0.26 lakhs (compared to -₹0.01 lakhs in Q2 FY25)
  • Total Expenses: ₹11.66 lakhs (compared to ₹25.69 lakhs in Q2 FY25)
  • Loss before Tax: ₹11.39 lakhs (compared to loss of ₹25.70 lakhs in Q2 FY25)
  • Tax Expenses: ₹0.00 lakhs (compared to ₹30.21 lakhs deferred tax in Q2 FY25)
  • Net Profit/(Loss): Loss of ₹11.39 lakhs (compared to profit of ₹4.51 lakhs in Q2 FY25)
  • Basic EPS: -₹0.02 (compared to ₹0.01 in Q2 FY25)
  • Diluted EPS: -₹0.02 (compared to ₹0.01 in Q2 FY25)

Half-Yearly Performance (H1 FY27)

  • Revenue from Operations: ₹0.00 lakhs (compared to ₹64.32 lakhs in H1 FY25)
  • Other Income: ₹16.69 lakhs (compared to ₹0.00 lakhs in H1 FY25)
  • Total Income: ₹16.69 lakhs (compared to ₹64.32 lakhs in H1 FY25)
  • Total Expenses: ₹29.03 lakhs (compared to ₹184.33 lakhs in H1 FY25)
  • Loss before Tax: ₹12.33 lakhs (compared to loss of ₹120.01 lakhs in H1 FY25)
  • Tax Expenses: ₹0.00 lakhs (compared to ₹30.21 lakhs in H1 FY25)
  • Net Profit/(Loss): Loss of ₹12.33 lakhs (compared to loss of ₹89.80 lakhs in H1 FY25)
  • Basic EPS: -₹0.02 (compared to -₹0.17 in H1 FY25)
  • Diluted EPS: -₹0.02 (compared to -₹0.17 in H1 FY25)

Capital Structure

  • Paid-up Equity Share Capital: ₹5,376.00 lakhs (unchanged from previous periods)
  • Face Value: ₹10 per equity share
  • Other Equity: -₹2,168.64 lakhs (compared to -₹2,080.44 lakhs in H1 FY25)

Corporate Insolvency Resolution Process (CIRP) Status

The Hon'ble National Company Law Tribunal (Mumbai Bench) initiated CIRP against the company via order dated April 29, 2026. Mr. Rajneesh Kumar Aggarwal was appointed as Interim Resolution Professional (later confirmed as Resolution Professional) in the first COC meeting held on May 25, 2026. All powers of the Board of Directors and key managerial personnel ceased and are vested with the Resolution Professional. The Resolution Professional believes the company will remain a going concern.

Financial Position (as of September 30, 2026)

Assets

  • Total Assets: ₹5,253.80 lakhs (compared to ₹4,174.83 lakhs as of September 30, 2025)
  • Non-Current Assets: ₹761.15 lakhs (including deferred tax assets of ₹757.45 lakhs)
  • Current Assets: ₹4,492.65 lakhs (including inventories of ₹3,810.03 lakhs)
  • Cash & Cash Equivalents: ₹3.88 lakhs

Liabilities and Equity

  • Total Equity: ₹3,207.36 lakhs
  • Current Liabilities: ₹2,046.44 lakhs (including borrowings of ₹1,346.65 lakhs)
  • Total Liabilities: ₹2,046.44 lakhs

Cash Flow Statement

  • Net Cash from Operating Activities: ₹3.79 lakhs (compared to -₹0.10 lakhs in previous period)
  • Closing Cash Balance: ₹3.88 lakhs

Auditor's Review and Qualifications

SGAJ & Associates conducted limited review pursuant to SEBI Regulation 33. Key observations:

1. Interest expense accounted only for April 2026; no provision made for interest from May 2026 to September 2026 after CIRP commencement

2. Certain amounts received towards resolution process were invested in fixed deposits, but inadequate documentation prevents verification of classification

3. Review conducted under Standard on Review Engagements (SRE) 2410 with limited scope

4. Auditors concluded nothing came to their attention suggesting material misstatement