Date: 25th May, 2026

Financial Results (Standalone & Consolidated)

Standalone Results for Year Ended March 31, 2026 (Rs. in Lacs)

  • Total Income: ₹107.68
  • Total Expenses: ₹459.76
  • Profit/(Loss) Before Tax: (₹352.07)
  • Tax Expenses: (₹70.54)
  • Net Profit/(Loss) for the period: (₹281.53)
  • Earnings Per Share (EPS): -₹0.04
  • Paid-up equity share capital: ₹7,361.00 (Face Value of ₹1 Each)

Consolidated Results for Year Ended March 31, 2026 (Rs. in Lacs)

  • Total Income: ₹107.68
  • Total Expenses: ₹598.54
  • Profit/(Loss) Before Tax: (₹490.86)
  • Tax Expenses: (₹70.54)
  • Net Profit/(Loss) for the period: (₹420.32)
  • Earnings Per Share (EPS): -₹0.06

Standalone Balance Sheet as at March 31, 2026 (Rs. in Lacs)

  • Total Assets: ₹35,386.18
  • Non-Current Assets: ₹10,504.31 (Property, Plant & Equipment: ₹5,491.83; Financial Assets: ₹3,202.49; Other Non-current Assets: ₹1,809.99)
  • Current Assets: ₹24,881.88 (Inventories: ₹145.18; Trade Receivables: ₹25,938.15; Cash & Bank Balance: ₹23.75; Loans: (₹1,085.32); Other Financial Assets: (₹139.88))
  • Total Equity: (₹59,344.81) (Equity Share Capital: ₹7,361.00; Other Equity: (₹66,705.81))
  • Non-Current Liabilities: ₹3,219.28 (Borrowings: ₹2,305.20; Provisions: ₹115.96; Deferred Tax Liabilities (Net): ₹798.13)
  • Current Liabilities: ₹91,511.72 (Borrowings: ₹89,050.39; Trade Payables: ₹952.55; Other financial liabilities: ₹17.45; Current Tax Liabilities (net): ₹1,484.77; Other current liabilities: (₹0.90); Provisions: ₹7.46)

Standalone Cash Flow for Year Ended March 31, 2026 (Rs.)

  • Net Cash flow from Operating Activities: ₹7,298,809
  • Net Cash flow from Investing Activities: ₹565,275
  • Net Cash flow from Financing Activities: (₹7,054,136)
  • Net Increase in Cash & Cash Equivalents: ₹809,949
  • Cash and Cash Equivalents at end of period: ₹2,479,704

Auditor’s Report

Auditor Name and Location: Husain Shabbir & Co., Chartered Accountants, Bhopal (ICAI Firm Registration No.006601C)

Type of Opinion: Qualified Opinion

Nature of Qualification:

  • The company has recorded all expenses on a cash basis instead of the accrual basis.
  • Consequently, expenses totaling ₹56.24 Lacs pertaining to FY 2025-26 have not been accounted for, understating the reported loss.
  • The unaccounted expenses break down as: Professional Expenses (₹24.79 Lacs for the year, ₹93.50 Lacs cumulative), Security Expenses (₹5.35 Lacs for the year, ₹86.79 Lacs cumulative), Salary Expenses (₹25.76 Lacs for the year, ₹99.91 Lacs cumulative), Audit Fee (₹0.94 Lacs for the year, ₹4.48 Lacs cumulative), and Advertisement and Publicity (₹0.33 Lacs cumulative).
  • The impact of this qualification quantifiably increases the standalone net loss from ₹281.53 Lacs to ₹637.10 Lacs and the consolidated net loss from ₹420.32 Lacs to ₹778.88 Lacs.

Other Matters (Consolidated Report):

  • The financial statements/information for the subsidiary, Sanwaria Singapore PTE Limited, were unaudited and not provided to the auditor by management. The auditor's opinion does not extend to this subsidiary.
  • Another subsidiary, Sanwaria Energy Limited, was audited by Husain Shabbir & Co. and reported a loss of ₹138.79 Lacs, which is included in the consolidation.

Other Operational / Legal / Strategic Disclosures

Corporate Insolvency Resolution Process (CIRP):

  • The National Company Law Tribunal (NCLT), Indore Bench, initiated CIRP on May 29, 2020, under the Insolvency and Bankruptcy Code, 2016.
  • Mr. Gautam Mittal is the appointed Resolution Professional (RP). The powers of the Board of Directors are suspended and exercised by the RP.
  • The company continues limited commercial activities (warehousing, leasing, job work) under the supervision of the RP and the Committee of Creditors (CoC).
  • The CIRP is concluded, and the CoC has proposed liquidation. An application has been filed before the NCLT.

Accounting Policy and Notes:

  • The company has adopted a cash basis accounting policy due to a liquidity crunch, deviating from the standard accrual basis.
  • Unpaid cumulative expenses of ₹285.02 Lacs as of March 31, 2026, have not been provided for in the books (Security Expenses: ₹86.79 Lacs, Advertisement Expenses: ₹0.33 Lacs, Salary Expenses: ₹99.91 Lacs, Audit Fee: ₹4.48 Lacs).
  • The carrying value of tangible assets is ₹5,491.83 Lacs. No assessment for impairment has been made as required by Ind AS 36.
  • Interest payable after the insolvency commencement date has not been recognized.
  • A Fixed Deposit with PNB (Maturity Value ₹462,463 as of June 30, 2018, plus interest) has been accounted for in the current financial year.

Board Meeting Outcomes:

The audited results were reviewed by the Audit Committee (headed by an Independent Director) and taken on record at a meeting with the suspended Board of Directors and the Resolution Professional.

KMP / Board / Auditor Changes:

Not Specified

Dividend Declaration or Non-Declaration:

Not Specified

Media Release / Investor Communication:

Not Specified