Key Quantitative Figures

  • Net Loss for FY2026: ₹3,161.25 thousand (₹3.16 crore)
  • Total Income for FY2026: ₹990.87 thousand
  • Total Expenditure for FY2026: ₹4,152.13 thousand
  • Basic and Diluted EPS for FY2026: -₹0.55
  • Cash and Cash Equivalents as of March 31, 2026: ₹4.99 thousand
  • Total Assets as of March 31, 2026: ₹2,279.79 thousand
  • Total Liabilities as of March 31, 2026: ₹3,606.42 thousand
  • Net Worth as of March 31, 2026: Negative ₹1,326.72 thousand (negative ₹13.27 lakh)
  • Equity Share Capital: ₹57,497.00 thousand
  • Other Equity: Negative ₹58,823.71 thousand

Financial Results Details

Income Statement (Year Ended March 31, 2026)

  • Income from operations: Not quantified in disclosure
  • Other Income: Not quantified in disclosure
  • Total Income: ₹990.87 thousand
  • Cost of materials purchased/consumed: Not quantified
  • Purchases of stock in trade: Not quantified
  • Employee benefit expenses: Not quantified
  • Changes in inventories: Not quantified
  • Depreciation and amortization expenses: ₹5,319.94 thousand
  • Finance costs: Not quantified
  • Other expenses: ₹5,768.82 thousand
  • Profit before tax: Loss of ₹3,161.25 thousand
  • Tax: Zero
  • Profit for the year: Loss of ₹3,161.25 thousand
  • Other Comprehensive Income: Zero
  • Total Comprehensive Income for the year: Loss of ₹3,161.25 thousand

Balance Sheet (As at March 31, 2026)

Assets:

  • Non-current assets: Zero
  • Current assets: ₹2,279.79 thousand
  • Inventories: Zero
  • Trade receivables: Not quantified
  • Cash and cash equivalents: ₹2,055.50 thousand
  • Bank balances other than cash: ₹4.99 thousand
  • Other financial assets: Zero
  • Other current assets: ₹219.30 thousand

Equity and Liabilities:

  • Equity: Negative ₹1,326.72 thousand
  • Equity share capital: ₹57,497.00 thousand
  • Other equity: Negative ₹58,823.71 thousand
  • Non-current liabilities: ₹10.00 thousand
  • Financial liabilities: Not quantified
  • Provisions: ₹10.00 thousand
  • Deferred tax liabilities: Zero
  • Current liabilities: ₹3,596.42 thousand
  • Borrowings: ₹1,216.22 thousand
  • Trade payables: ₹291.43 thousand
  • Other financial liabilities: ₹2,088.76 thousand
  • Other current liabilities: Zero
  • Provisions: Zero

Cash Flow Statement (Year Ended March 31, 2026)

  • Cash flow from operating activities: ₹461.22 thousand
  • Cash flow from investing activities: Zero
  • Cash flow from financing activities: ₹429.86 thousand (from borrowings)
  • Net decrease in cash and cash equivalents: ₹31.37 thousand
  • Cash and cash equivalents at beginning of year: ₹36.35 thousand
  • Cash and cash equivalents at end of year: ₹4.99 thousand

Audit and Compliance Details

  • Statutory Auditor: FORDGMS&Co. (Chartered Accountants), Hiren Jayantilal Maru (Partner)
  • Audit Opinion: Qualified opinion
  • Reason for Qualification: Company prepares accounts on going concern basis despite net worth erosion and persistent cash losses over many years.
  • Frequency of Qualification: Third time this qualification has appeared
  • Management's View: Hopeful and confident about future prosperity through business diversification and promoter fund infusion. Impact not quantified.
  • Auditor's Comment on Management View: Company will comply with applicable provisions in due course.
  • Regulatory Compliance: Results prepared under Regulation 33 of SEBI Listing Regulations and IND AS accounting standards.

Rectification of Past Discrepancies

Discrepancies in accounting and presentation of share application money received towards calls in arrears during previous financial years were rectified in current financial year and approved via Board resolution dated November 14, 2025.

Deferred Tax Asset Recognition

Management determined that conditions for recognizing deferred tax asset were not satisfied for FY2025-26, hence no DTA was created.

Meeting Details

  • Board meeting held on May 22, 2026, from 5:00 PM to 6:30 PM
  • Meeting approved audited financial results and took on record the transactions

Additional Information

  • Company is engaged in single business segment (no segment reporting required under IND AS 108)
  • Previous period figures have been regrouped/rearranged for consistency
  • Financial results include balancing figures between audited full year and previously published quarterly figures