Board Meeting Details
The Board of Directors meeting was held at the Registered Office of the Company on Monday, 10th August, 2026. The meeting commenced at 12:00 PM and concluded at 01:00 PM.
Board Approvals
The Board inter-alia approved the following items:
1. Unaudited financial results for the quarter ended 30th June, 2026 along with Limited Review Report
2. Re-appointment of Mr. Jeetender Kumar Agarwal (DIN: 00041946) as Managing Director of the Company
3. Directors' Report for the FY ended 31st March, 2026 along with all annexures
4. Any other routine business with the permission of chair
Financial Results for Quarter Ended June 30, 2026 (Unaudited)
All amounts in ₹ Lakhs except EPS:
Income Statement:
- Revenue from operations: ₹577.56
- Other income: ₹12.39
- Total Income: ₹589.95
Expenses:
- Cost of materials consumed: ₹375.51
- Purchase of Stock in Trade: ₹-
- Change in inventories: ₹7.68
- Employee benefit expenses: ₹58.80
- Finance costs: ₹36.78
- Depreciation and amortization: ₹40.21
- Other expenses: ₹144.44
- Total Expenses: ₹663.42
Profitability:
- Profit before exceptional items and tax: ₹(73.47)
- Exceptional items (profit on sale of used equipment): ₹38.09
- Profit before tax: ₹(35.38)
- Tax expense: ₹0.01 (Deferred tax)
- Profit for the period: ₹(35.39)
- Total comprehensive income for the period: ₹(35.39)
Earnings Per Share:
- Basic and diluted EPS: ₹(0.71)
- Weighted average number of equity shares: 49,59,577
Comparative Financial Data (₹ Lakhs)
| Particulars | Q1 FY2027 (30.06.2026) | Q4 FY2026 (31.03.2026) | Q1 FY2026 (30.06.2025) | FY2026 (31.03.2026) |
| Revenue from operations | 577.56 | 749.94 | 634.46 | 2,824.65 |
| Other income | 12.39 | 152.19 | 151.48 | 580.76 |
| Total Income | 589.95 | 902.13 | 785.94 | 3,405.41 |
| Total Expenses | 663.42 | 805.33 | 688.14 | 2,961.97 |
| Profit/(Loss) before exceptional items | (73.47) | 96.80 | 97.80 | 443.44 |
| Exceptional items | 38.09 | - | (225.01) | (225.01) |
| Profit/(Loss) for period | (35.39) | 96.79 | (127.21) | 218.42 |
| Total Comprehensive Income | (35.39) | 93.98 | (127.21) | 215.61 |
Key Financial Notes
1. The Company has accumulated losses of ₹1,633.95 lakhs as at June 30, 2026, and current liabilities exceed current assets. However, financials are prepared on a going concern basis considering the market value of its immovable properties.
2. Financial results prepared in accordance with Indian Accounting Standards notified under Companies (Indian Accounting Standards) Rules, 2015.
3. No provision made for interest payable on outstanding unpaid statutory dues of Tax deducted at source totaling ₹32.78 lakhs (including arrears of ₹31.23 lakhs up to March 31, 2026).
4. Exceptional items refer to profit earned on sale of used equipment amounting to ₹38.09 lakhs.
5. Provision for Gratuity and Leave Encashment will be considered at year-end based on Actuarial Valuation.
6. Accounting policies from annual accounts for year ended March 31, 2026 followed consistently.
7. Financial results reviewed by Audit Committee and approved by Board on August 10, 2026.
8. Company operates as one segment, therefore Segment Reporting as per Ind AS 108 not applicable.
9. Comparative figures rearranged for comparability without fiscal impact.
10. Statutory Auditors carried out Limited Review of the results.
Auditor's Review Report
K.S. Rao & Co. issued a qualified review conclusion on the interim financial results. The qualification relates to non-provision of interest payable on outstanding unpaid statutory TDS dues of ₹32.78 lakhs (including arrears of ₹31.23 lakhs up to March 31, 2026).
Except for this matter, nothing has come to their attention that causes them to believe that the statement contains any material misstatement or has not disclosed information required by Regulation 33 of SEBI LODR Regulations.
The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI, providing moderate assurance.
Registered Office Details
Surya Towers, 6th Floor, 105, SP Road, Secunderabad - 500 003, Telangana, India