Board Meeting Details

The Board of Directors meeting was held on Thursday, May 28, 2026, commencing at 04:45 PM and concluding at 06:00 PM.

Matters Approved by Board

1. Audited Financial Results (Standalone and Consolidated) for Quarter and Year ended March 31, 2026

2. Audit Report on Financial Results by Statutory Auditors M/s Chatterjee & Chatterjee, Chartered Accountants

3. Declaration of unmodified audit opinion on Financial Results

4. Related Party Transactions for half year ended March 31, 2026

5. Appointment of M/s VBRG & Associates (FRN: 022879C) as Internal Auditor for FY 2026-27

6. Appointment of Mr. Anshul Jolly (PAN: AQIPJ0134A) as Chief Financial Officer and KMP effective May 28, 2026

7. Appointment of M/s AASK & Associates LLP for Annual Secretarial Compliance Report for FY 2026-27

8. Other business(es)

Financial Performance Highlights

Standalone Results (Year ended March 31, 2026):

  • Net Loss from continuing operations: ₹74.16 lakh
  • Accumulated losses: ₹12,435.07 lakh
  • Equity Share Capital: ₹2,501.30 lakh (unchanged)
  • Other Equity: Negative ₹1,499.16 lakh (improved from negative ₹1,573.32 lakh)
  • Total Assets: ₹3,462.48 lakh (decreased from ₹3,536.31 lakh)
  • Borrowings (Non-current): ₹1,123.32 lakh (increased from ₹1,121.11 lakh)

Consolidated Results (Year ended March 31, 2026):

  • Net Profit after exceptional items: ₹1,656.81 lakh
  • Exceptional item gain: ₹1,770.89 lakh from disposal of investments
  • Accumulated losses: ₹12,435.07 lakh
  • Equity Share Capital: ₹2,501.30 lakh
  • Other Equity: Negative ₹3,233.93 lakh
  • Total Assets: ₹3,588.14 lakh

Exceptional Items

The company recognized exceptional gains of ₹1,770.89 lakh during the quarter and nine months ended December 31, 2025, arising from:

1. Gain on disposal of investment in RT Packaging Limited

2. Gain on disposal of investment in Rollatainers-Toyo Machine Private Limited

Subsidiary and Joint Venture Disposals

1. RT Packaging Limited: The Board approved sale of entire investment (2,24,99,900 Equity Shares and 2,00,000 Preference Shares) on March 17, 2025, with shareholder approval on April 9, 2025. Sale completed on November 13, 2025. RT Packaging ceased to be subsidiary from that date.

2. Rollatainers-Toyo Machine Private Limited: Company disposed of entire investment on December 30, 2025, ceasing joint control from that date. The joint venture was struck off from ROC records and stands dissolved.

Both disposals were accounted under Ind AS 105 as discontinued operations, with assets and liabilities classified as held for sale.

Enforcement Directorate Matter

A Provisional Attachment Order No. 09/2024 was issued via email dated September 13, 2024, by Deputy Director, Gurugram Zonal Office, Directorate of Enforcement, New Delhi (Reference: F.No.ECIR/GNZO/14/2024 dated September 5, 2024). The order pertains to:

  • Attachment of shares held by promoter of Company
  • Freezing of some bank accounts of the Company

The order was confirmed by Adjudicating Authority but the Company has filed an appeal before Appellate Authority which is pending. The matter is sub-judice. Management states this does not affect business operations and no financial adjustments are required.

Going Concern Assessment

The Company has accumulated losses of ₹12,435.07 lakh as of March 31, 2026, and incurred net losses from continuing operations of ₹74.16 lakh for FY26. This indicates material uncertainty regarding going concern. However, management is confident in the Company's ability to continue as a going concern for foreseeable future, and financial results are prepared on going concern basis.

Labour Code Implementation

The Government of India notified four new Labour Codes on November 21, 2025. Based on assessment using available information and ICAI guidance, the impact of these changes is not material to standalone financial results for quarter and year ended March 31, 2026.

Cash Flow Highlights

Standalone Cash Flow (Year ended March 31, 2026):

  • Net cash used in operating activities: ₹4.73 lakh
  • Net cash from investing activities: ₹2.17 lakh
  • No cash flow from financing activities
  • Net decrease in cash: ₹2.56 lakh
  • Closing cash balance: ₹2.98 lakh (down from ₹5.55 lakh)

Segment Information

The Company's business activities fall within a single reportable segment (leasing and related activities) with no geographical segments.

Previous Year Figures

Previous year figures have been regrouped and rearranged for comparability.