Financial Results (Quarter Ended June 30, 2026)

The company reported a net loss of ₹19.10 lakhs for the quarter, compared to a net loss of ₹29.28 lakhs in the corresponding quarter of the previous year (Q1 FY26) and a net loss of ₹24.14 lakhs for the full year ended March 31, 2026.

Key Financial Figures (₹ in lakhs):

  • Total Revenue: Not reported (shown as '-')
  • Total Expenses: ₹19.25
  • Employee benefits expenses: ₹0.60
  • Finance cost: ₹12.95
  • Depreciation and amortisation expenses: ₹1.15
  • Other expenses: ₹4.52
  • Profit/(Loss) before tax: (₹19.10)
  • Tax expenses: Nil
  • Other Comprehensive Income: (₹1.76)
  • Total Comprehensive Income: (₹26.86)

Earnings Per Share:

  • Basic EPS: (₹0.14)
  • Diluted EPS: (₹0.14)

Capital Structure:

  • Paid-up equity share capital: 13,592 equity shares of face value ₹10 each

Operational Status and Corporate History

The company noted that it is engaged in the business of manufacturing toner and toner-related products but operations are temporarily closed. This closure is due to the company undergoing Corporate Insolvency Resolution Process (CIRP) since February 2020 under the IBC Act 2016.

A resolution plan submitted by Surbhika Steels Private Limited through its unit Nikunj Udyog was approved by the National Company Law Tribunal (NCLT), Allahabad Bench on July 27, 2023, and further affirmed by NCLAT, Delhi on October 15, 2024.

Implementation of Resolution Plan

Pursuant to the implementation of the resolution plan:

  • 99% of the existing issued, subscribed and paid-up share capital was cancelled and extinguished on April 24, 2025
  • The company allotted 11,94,790 equity shares to new promoters Surbhika Steels Private Limited and Daga Infrastructure Private Limited
  • A Monitoring Committee was constituted to oversee implementation of the Resolution Plan
  • The Monitoring Committee reconstituted the Board of Directors on February 7, 2025, handing over control of the company to the new management
  • Surbhika Steels Private Limited and Daga Infrastructure Private Limited are the new promoters of the company

Additional Information

The Board Meeting commenced at 5:00 PM IST and concluded at 5:15 PM IST on August 12, 2026. The company does not have any subsidiary/associate/joint venture entities. Previous year/period figures have been regrouped/rearranged where necessary.