1. Un-audited Standalone Financial Results of the Company for the quarter and half financial year ended 30th September, 2026 along with the Limited Review Report issued by M/s. Mittal & Associates, Chartered Accountants

2. Balance Sheet for the half financial year ended 30th September, 2026

3. Cash Flow Statement for the half financial year ended 30th September, 2026

4. Reconstitution of the Committees

The company will publish the results in newspapers in accordance with Regulation 47 of SEBI LODR.

Financial Results Summary

Quarter Ended 30th September, 2026 (Unaudited)

  • Revenue from Operations: ₹116.90 lakh
  • Other Income: ₹64.44 lakh
  • Total Income: ₹181.34 lakh
  • Total Expenses: ₹292.46 lakh
  • Profit before tax: (₹111.12) lakh loss
  • Tax expense: ₹0
  • Profit for the period: (₹111.12) lakh loss
  • Total Comprehensive Income: (₹111.12) lakh loss
  • Earnings per share (Basic and Diluted): (₹68.91)

Half-Year Ended 30th September, 2026 (Unaudited)

  • Revenue from Operations: ₹250.34 lakh
  • Other Income: ₹104.34 lakh
  • Total Income: ₹354.69 lakh
  • Total Expenses: ₹456.35 lakh
  • Profit before tax: (₹198.53) lakh loss
  • Tax expense: ₹0
  • Profit for the period: (₹198.53) lakh loss
  • Total Comprehensive Income: (₹198.53) lakh loss
  • Earnings per share (Basic and Diluted): (₹123.12)

Comparative Figures (Quarter Ended 30th June, 2026 - Unaudited)

  • Profit before tax: (₹87.41) lakh loss
  • Profit for the period: (₹87.41) lakh loss
  • Earnings per share: (₹54.21)

Comparative Figures (Quarter Ended 30th September, 2025 - Unaudited)

  • Profit before tax: (₹60.93) lakh loss
  • Profit for the period: (₹60.93) lakh loss
  • Earnings per share: (₹37.79)

Year Ended 31st March, 2026 (Audited)

  • Total Income: ₹771.73 lakh
  • Profit before tax: (₹181.68) lakh loss
  • Tax expense: ₹6.32 lakh (Income Tax of Earlier Years)
  • Profit for the year: (₹175.36) lakh loss
  • Total Comprehensive Income: (₹177.63) lakh loss
  • Earnings per share: (₹110.16)

Expense Breakdown (Quarter Ended 30th September, 2026)

  • Employee Benefits Expense: ₹24.65 lakh
  • Finance Costs: ₹147.43 lakh
  • Depreciation and Amortization Expense: ₹2.21 lakh
  • Other Expenses: ₹118.17 lakh

Balance Sheet Position (as at 30th September, 2026)

  • Total Assets: ₹8,397.58 lakh
  • Property Plant and Equipment: ₹5,494.38 lakh
  • Inventories: ₹2,035.94 lakh
  • Trade receivables: ₹464.71 lakh
  • Cash and cash equivalents: ₹151.42 lakh
  • Equity Share Capital: ₹161.25 lakh
  • Other Equity: (₹9,928.21) lakh (negative)
  • Negative Net Worth: ₹9,766.96 lakh
  • Total Borrowings: ₹11,700.01 lakh (Current borrowings: ₹6,880.01 lakh)
  • Current liabilities exceed current assets by: ₹10,603.52 lakh

Cash Flow Statement (Half-Year Ended 30th September, 2026)

  • Net cash outflow from operating activities: (₹138.79) lakh
  • Net cash outflow from investing activities: ₹0
  • Net cash inflow from financial activities: ₹10.01 lakh
  • Net decrease in cash and cash equivalents: (₹128.78) lakh
  • Cash and cash equivalents at beginning: ₹248.11 lakh
  • Cash and cash equivalents at end: ₹151.42 lakh

Emphasis of Matter - Going Concern

The auditor's report emphasizes the company's financial position indicating significant financial stress with negative net worth of ₹9,766.96 lakh, current liabilities exceeding current assets by ₹10,603.52 lakh, and total borrowings of ₹11,700.01 lakh.

The management has assessed the company's ability to continue as a going concern after considering the value of its immovable properties and other available resources. Based on valuation of immovable properties, the estimated realizable value is considered significantly higher than the company's negative net worth and financial obligations. Management believes the company has sufficient asset backing to meet obligations and can realize/monetize assets as needed.

Management concluded there is no material uncertainty regarding going concern, and financial results have been prepared on a going-concern basis.

Asset Write-off Following Demolition

The company recognized a provision for write-off of assets amounting to ₹32.09 lakh related to demolition of a structure by BMC authorities. The company had challenged the demolition notice before the Hon'ble High Court and subsequently filed an appeal before the Hon'ble Supreme Court, but BMC proceeded with demolition one day prior to the scheduled Supreme Court hearing.

Committee Reconstitution

Audit Committee

  • Mr. Ravindra Kanji Myatra (Chairman) - Non-Executive & Independent Director
  • Mr. Dinesh K Poddar (Member) - Non-Executive & Non-Independent Director

Nomination & Remuneration Committee

  • Mr. Ravindra Kanji Myatra (Chairman) - Non-Executive & Independent Director
  • Mr. Dinesh K Poddar (Member) - Non-Executive & Non-Independent Director

Stakeholders Relationship Committee

  • Mr. Ravindra Kanji Myatra (Chairman) - Non-Executive & Independent Director
  • Mr. Dinesh K Poddar (Member) - Non-Executive & Non-Independent Director

General Notes

  • The company does not have different segments
  • Previous year's figures have been regrouped/rearranged wherever necessary
  • Financial results were reviewed by Audit Committee and approved by Board of Directors
  • Statement prepared in accordance with Indian Accounting Standards (Ind AS)
  • Compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015