Financial Results Overview

The Board approved the Un-audited Financial Results for Q1 FY2027 (quarter ended June 30, 2026), as recommended by the Audit Committee. The results were accompanied by an unqualified Limited Review Report from the auditors, AD Gupta and Associates.

Key Financial Figures (₹ in Lakhs)

Income:

  • Revenue from Operations: ₹0.00 (compared to ₹26.00 lakh in Q1 FY2026)
  • Other Income: ₹73.85 (compared to ₹74.45 lakh in Q1 FY2026)
  • Total Income: ₹73.85 (compared to ₹100.45 lakh in Q1 FY2026)

Expenses:

  • Employees Benefit Expenses: ₹15.89
  • Finance Cost: ₹47.91
  • Other Expenses: ₹6.30
  • Total Expenses: ₹70.10

Profitability:

  • Profit Before Tax: ₹3.75
  • Tax Expenses: ₹0.00
  • Net Profit for the period: ₹3.75 (compared to ₹2.20 lakh in Q1 FY2026)
  • Earnings Per Share (Basic & Diluted): ₹0.09 (compared to ₹0.06 in Q1 FY2026)

Comparative Figures:

  • Previous Quarter (Mar 31, 2026 - Audited): Net Profit of ₹85.19 lakh, EPS of ₹2.13
  • Previous Year Quarter (Jun 30, 2025 - Unaudited): Net Profit of ₹2.20 lakh, EPS of ₹0.06

Capital Structure

  • Paid-up Equity Share Capital (Face Value ₹10 each): ₹400.00 lakh (unchanged from previous periods)

Auditors' Report Highlights

The statutory auditors, AD Gupta and Associates, issued an unqualified limited review report. However, they drew attention to two matters:

1. The company was previously classified as a shell company by BSE, resulting in trading suspension. This suspension was revoked vide letter dated June 25, 2024.

2. The company has a refund receivable amounting to ₹41.08 crore against bookings in immovable property in a project being developed by M/s Rajesh Projects (India) Private Limited, which is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The ultimate outcome and recoverability of this amount cannot be determined at present.

Outstanding Defaults

As per Annexure-2, the company disclosed:

  • Loans/revolving facilities from banks/financial institutions: Total outstanding NIL, Default amount NIL
  • Unlisted debt securities (NCDs/NCRPS): N.A.
  • Total financial indebtedness: N.A.