Key Quantitative Figures

  • Q1 FY27 (Quarter Ended June 30, 2026) Financial Results (Unaudited Standalone):
  • Revenue from Operations: ₹132.08 lakh
  • Other Income: ₹65.52 lakh
  • Total Income: ₹197.60 lakh
  • Total Expenses: ₹285.01 lakh
  • Loss Before Tax: ₹(87.41) lakh
  • Net Loss for the Quarter: ₹(87.41) lakh
  • Basic and Diluted EPS: ₹(54.21)
  • Comparative Figures:
  • Q1 FY26 (June 30, 2025) Net Loss: ₹(40.73) lakh; EPS: ₹(25.26)
  • Q4 FY26 (March 31, 2026) Net Loss: ₹(38.44) lakh; EPS: ₹(21.32)
  • Full Year FY26 (Audited) Net Loss: ₹(175.36) lakh
  • Financial Position (as of March 31, 2026):
  • Negative Net Worth: ₹9,568.44 lakh
  • Excess of Current Liabilities over Current Assets: ₹10,416.34 lakh
  • Total Borrowings: ₹11,700.01 lakh (Current Borrowings: ₹6,880.01 lakh)

Governance and Appointments

  • Director Re-appointment: The Board approved the re-appointment of Mr. Sanjay Damji Shah (DIN: 00292226) as Director, subject to shareholder approval at the 78th AGM.
  • Auditor Appointments:
  • Statutory Auditor: Appointed M/s. Mittal & Associates, Chartered Accountants (FRN: 106456W), for a 5-year term commencing from the conclusion of the 78th AGM until the 83rd AGM (subject to shareholder approval).
  • Secretarial Auditor: Re-appointed M/s. D. Kothari and Associates (Proprietor: Mrs. Dhanraj Kothari) for FY 2026-27.
  • Internal Auditor: Appointed Mr. Jigar Vasant Raval for FY 2026-27.
  • Scrutinizer: Mrs. Dhanraj Kothari appointed as Scrutinizer for the 78th AGM.

Annual General Meeting (AGM) and Record Date

  • The 78th AGM is required to be held by September 30, 2026.
  • The Board approved making an application to the Registrar of Companies (ROC) for an extension of time to convene the AGM by up to three months beyond September 30, 2026.
  • The closure dates for the Register of Members and Share Transfer Books will be announced after the AGM date is finalized post-ROC approval.

Director Nominations

  • The company received notices under Section 160(1) of the Companies Act, 2013, after business hours on August 11, 2026, proposing the candidature of Mr. Karan Sanjay Shah (DIN: 07983881) and Mr. Nirav Shachikumar Adalja (DIN: 00294401) for appointment as Directors at the 78th AGM. This matter was not included in the meeting agenda and was deferred for a subsequent Board meeting.

Auditor's Review and Going Concern

  • The limited review report on the unaudited financial results was issued by M/s. Mittal & Associates.
  • The report includes an 'Emphasis of Matter' paragraph highlighting the company's negative net worth, excess liabilities over assets, significant borrowings, and recent losses.
  • Management's assessment concludes the company can continue as a going concern based on the estimated realizable value of its immovable properties being significantly higher than its obligations. They believe the company has sufficient asset backing and can monetize assets as needed.
  • The auditors stated their conclusion is not modified regarding this matter.

Meeting Details

  • The Board meeting commenced at 3:30 PM and concluded at 4:35 PM on August 12, 2026.