Financial Performance (Quarter Ended 30th September 2026)

  • Revenue from Operations: ₹3.32 lakhs (Unaudited)
  • Other Income: ₹20.11 lakhs (Unaudited)
  • Total Revenue: ₹23.43 lakhs (Unaudited)
  • Total Expenses: ₹20.73 lakhs (Unaudited)
  • Profit Before Tax (PBT): ₹2.70 lakhs (Unaudited)
  • Tax Expense: ₹0.00 lakhs
  • Profit for the Period: ₹2.79 lakhs (Unaudited)
  • Other Comprehensive Income (Net of Tax): ₹879.05 lakhs (primarily from a land revaluation gain)
  • Total Comprehensive Income for the Period: ₹881.75 lakhs (Unaudited)
  • Paid-up Equity Share Capital (Face Value ₹10/-): ₹1,094.35 lakhs
  • Basic/Diluted EPS: ₹0.03

Financial Performance (Half Year Ended 30th September 2026)

  • Revenue from Operations: ₹3.32 lakhs (Unaudited)
  • Other Income: ₹36.91 lakhs (Unaudited)
  • Total Revenue: ₹40.23 lakhs (Unaudited)
  • Total Expenses: ₹36.57 lakhs (Unaudited)
  • Profit Before Tax (PBT): ₹3.65 lakhs (Unaudited)
  • Tax Expense: ₹0.00 lakhs
  • Profit for the Period: ₹3.65 lakhs (Unaudited)
  • Other Comprehensive Income (Net of Tax): ₹879.05 lakhs
  • Total Comprehensive Income for the Period: ₹882.71 lakhs (Unaudited)
  • Basic/Diluted EPS: ₹9.15

Financial Position as of 30th September 2026 (Unaudited)

  • Total Assets: ₹4,426.35 lakhs (Previous audited as of 31st March 2026: ₹3,253.51 lakhs)
  • Non-Current Assets: ₹3,797.38 lakhs (incl. Property, Plant & Equipment: ₹323.09 lakhs; Other non-current assets: ₹4,133.62 lakhs)
  • Current Assets: ₹292.73 lakhs (incl. Inventories: ₹218.43 lakhs; Trade Receivables: ₹36.74 lakhs; Cash & Cash Equivalents: ₹8.48 lakhs)
  • Total Equity: ₹3,748.41 lakhs (Equity Share Capital: ₹1,094.35 lakhs; Other Equity: ₹2,654.06 lakhs)
  • Non-Current Liabilities: ₹357.33 lakhs (incl. Borrowings: ₹44.35 lakhs; Deferred Tax Liabilities: ₹308.86 lakhs)
  • Current Liabilities: ₹320.61 lakhs (incl. Borrowings: ₹177.71 lakhs; Trade Payables: ₹81.69 lakhs)

Cash Flows for H1 Ended 30th September 2026 (Unaudited)

  • Net Cash from Operating Activities: ₹(2.62) lakhs
  • Net Cash from Investing Activities: ₹2.67 lakhs
  • Net Cash from Financing Activities: ₹(1.25) lakhs
  • Net Increase in Cash: ₹1.03 lakhs
  • Cash & Equivalents at Period End: ₹8.48 lakhs

Key Notes and Auditor Qualifications

The independent auditor, R K Bhalla & Co., issued a review report with several qualifications:

1. FEMA Receivables: As of 30th September 2026, foreign currency receivables of USD 24,243.45 from certain debtors were outstanding for more than three years, beyond permissible time under FEMA. The company is pending filing for condonation of delay with the competent authority. During the quarter, USD 4,792.10 was received against this outstanding.

2. Land Revaluation: The company adopted a revaluation model for a land parcel. As it falls under a green belt and road widening area, management expects a settlement value, not fair value. Based on an independent expert's assessment, a revaluation gain of ₹879.05 lakhs (net of tax) was booked in the unaudited results for the quarter ended June 30, 2026.

3. Unbooked Interest Income: The company provided loans to group companies carrying interest @9.25% p.a. No interest income of approximately ₹0.87 lakhs was booked for Q2 Sept 2026, understating Other Income.

4. Unbooked Interest Expense: The company took borrowings from group companies and key management personnel carrying interest @9.25% p.a. No interest expense of approximately ₹2.25 lakhs was booked for Q2 Sept 2026, understating Finance Cost.

5. Statutory Defaults: The company has defaulted on TDS payments amounting to ₹8.97 lakhs (cumulative outstanding). No provision has been made for interest and penalty. Management is in discussions with statutory authorities to settle the liability.

6. Loan Conversion: During the financial year, the company converted outstanding loans from its directors amounting to ₹136.50 lakhs into Equity Share Capital, after obtaining requisite approvals under the Companies Act, 2013.

Basis of Preparation

  • The results are prepared in accordance with Indian Accounting Standards (Ind AS).
  • The company's reportable segments are "Textile Embroidery" and "Sports Academy".