Director Resignations

Three Non-Executive Independent Directors resigned from their positions effective 26th May, 2026:

  • Mrs. Shakuntla Panna Dassani (DIN: 07136389)
  • Mr. Rajkishan Shamboonarayan Singh (DIN: 00630819)
  • Mrs. Rajeshwari Kiran Kulkarni (DIN: 03221674)

All three directors cited identical reasons for resignation: "inability to accord enough time to discharge my duties as an independent director on account of my other preoccupations and my commitment to complete some time-bound responsibilities." They confirmed there were no other material reasons for their resignations.

Financial Results Overview

Quarter Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹234.99 lakh
  • Other Income: ₹0.04 lakh
  • Total Income: ₹235.04 lakh
  • Total Expenses: ₹254.18 lakh
  • Loss before tax: ₹(19.14) lakh
  • Tax Expense: ₹(0.07) lakh (Deferred Tax)
  • Net Loss for the quarter: ₹(19.07) lakh
  • Basic and Diluted EPS: ₹(0.63) per share

Financial Year Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹234.99 lakh
  • Other Income: ₹44.27 lakh
  • Total Income: ₹279.26 lakh
  • Total Expenses: ₹308.11 lakh
  • Loss before tax: ₹(28.85) lakh
  • Tax Expense: ₹16.14 lakh (Deferred Tax)
  • Net Loss for the year: ₹(44.99) lakh
  • Basic and Diluted EPS: ₹(1.48) per share

Comparative Financial Performance

Year-over-Year Comparison (FY2026 vs FY2025):

  • Revenue from Operations: ₹234.99 lakh vs ₹0 lakh (previous year)
  • Total Income: ₹279.26 lakh vs ₹97.46 lakh
  • Net Loss: ₹(44.99) lakh vs Net Profit of ₹62.84 lakh
  • EPS: ₹(1.48) vs ₹2.07

Balance Sheet Position (as of March 31, 2026)

  • Equity Share Capital: ₹699.50 lakh
  • Other Equity: ₹(1,089.55) lakh (negative)
  • Total Assets: ₹199.72 lakh
  • Non-Current Liabilities (Borrowings): ₹154.61 lakh
  • Current Liabilities (Borrowings): ₹52.35 lakh
  • Trade Payables: ₹145.35 lakh
  • Cash and Cash Equivalents: ₹30.77 lakh

Cash Flow Statement (FY2026)

  • Cash from Operating Activities: ₹87.88 lakh
  • Cash used in Investing Activities: ₹(67.99) lakh
  • Cash from Financing Activities: ₹(7.65) lakh
  • Net Increase in Cash: ₹12.24 lakh
  • Opening Cash Balance: ₹18.52 lakh
  • Closing Cash Balance: ₹30.77 lakh

Audit Opinion

M/s. Arvind Baid & Associates, Chartered Accountants (FRN: 137526W) issued an unmodified opinion on the financial results, confirming that:

  • The financial results present a true and fair view in conformity with Indian Accounting Standards (Ind AS)
  • The results comply with Regulation 33 of SEBI Listing Regulations
  • The audit was conducted in accordance with Standards on Auditing

Additional Information

The financial results were reviewed by the audit committee and thereafter approved by the Board of Directors. The company's registered office is at 406 S.V Road, Vile Parle West, Mumbai 400056, Maharashtra, India. CIN: L35999MH1980PLC304763.