Key Financial Figures

Quarterly Performance (Q4 FY26)

  • Revenue from operations: ₹54.92 lakhs
  • Other income: ₹5.06 lakhs
  • Total income: ₹59.98 lakhs
  • Total expenses: ₹60.29 lakhs
  • Loss before tax: ₹0.31 lakhs
  • Tax expense: ₹3.95 lakhs (including ₹3.45 lakhs previous year tax)
  • Net loss: ₹3.95 lakhs
  • Basic EPS: (₹0.11)
  • Total comprehensive income: (₹4.50) lakhs

Annual Performance (FY26)

  • Revenue from operations: ₹221.25 lakhs (FY25: ₹238.49 lakhs)
  • Other income: ₹14.68 lakhs (FY25: ₹17.96 lakhs)
  • Total income: ₹235.93 lakhs (FY25: ₹256.45 lakhs)
  • Total expenses: ₹235.98 lakhs (FY25: ₹232.39 lakhs)
  • Loss before tax: ₹0.05 lakhs (FY25: profit ₹24.06 lakhs)
  • Tax expense: ₹4.55 lakhs
  • Net loss: ₹4.55 lakhs (FY25: profit ₹23.18 lakhs)
  • Basic EPS: (₹0.13) (FY25: ₹0.65)
  • Total comprehensive income: (₹5.42) lakhs (FY25: ₹22.68 lakhs)

Segment-wise Performance (FY26)

  • Construction Activities revenue: ₹0.00 lakhs
  • Rental revenue: ₹221.25 lakhs
  • Construction segment loss: ₹22.94 lakhs
  • Rental segment profit: ₹66.81 lakhs

Balance Sheet Position (as of March 31, 2026)

  • Total assets: ₹3,320.04 lakhs
  • Total equity: ₹383.24 lakhs
  • Total liabilities: ₹2,936.80 lakhs
  • Property, plant and equipment: ₹434.97 lakhs
  • Investments: ₹94.30 lakhs
  • Trade receivables: ₹1,328.67 lakhs

Audit Qualifications

The statutory auditors, BCAG & Associates (formerly Basu Chanchani & Deb), issued a qualified opinion with two specific qualifications:

1. Liability of lease rent against land taken from local municipality for 999 years has not been provided for in terms of Ind AS-115

2. Management's inability to determine the fair value of non-current investments in equity instruments valuing ₹94.30 lakhs with consequent impact on Other Comprehensive Income (OCI)

The qualification is noted as repetitive from previous years.

Related Party Transactions (Half year ended March 31, 2026)

The company disclosed multiple related party transactions:

  • Loan to Akankha: Opening balance ₹759.30 lakhs, closing balance ₹746.00 lakhs, transaction value ₹13.00 lakhs
  • Loans and advances to Segur Infracom (P) Ltd.: Balance ₹399.45 lakhs (opening and closing)
  • Salary to Somesh Bagchi (CFO): ₹2.15 lakhs
  • Salary to Sushmita Neogy (KMP): ₹0.21 lakhs
  • Transactions with Ramayana Promoters Private: Equity shares ₹198.14 lakhs, Loan ₹1.00 lakhs (opening ₹13.77 lakhs, closing ₹12.77 lakhs)
  • Investments in MJM Nirmann Private Limited: ₹0.47 lakhs transaction, opening ₹94.73 lakhs, closing ₹94.26 lakhs

Additional Notes

1. MES (Military Engineering Services), Kolkata Zone cancelled contracts awarded to the company in 2014, with the case still pending in Alipore Court

2. Tax expenses of ₹3.75 lakhs pertaining to FY 2024-25 were paid during FY 2025-26 and adjusted against TDS receivable

3. The board meeting was held on May 27, 2026, from 1:00 PM to 4:00 PM

4. Results were published in Business Standard (English) and Arthik Lipi (Bengali) on May 28, 2026

5. Full results are available on BSE, CSE, and company websites