The financial results were reviewed by the Audit Committee and subsequently approved by the Board. The statutory auditors, B B Gusani & Associates, have carried out a limited review of these unaudited results.

Financial Performance Highlights (Half Year Ended September 30, 2026)

Profit & Loss Statement (₹ in Lakhs):

  • Revenue from Operations (Net): ₹238.11 (H1 FY26: ₹1,070.15; FY26 Audited: ₹2,000.12)
  • Total Expenses: ₹1,107.00 (H1 FY26: ₹1,606.40; FY26 Audited: ₹1,650.90)
  • Cost of Construction and material Consumed: Not quantified
  • Purchase of stock-in-trade: Not quantified
  • Employee benefits expense: ₹1.50 (FY26 Audited: ₹15.00)
  • Finance Cost: ₹5.74 (H1 FY26: ₹4.36; FY26 Audited: ₹5.90)
  • Depreciation and amortisation expense: ₹0.58 (H1 FY26: ₹0.02; FY26 Audited: ₹0.17)
  • Other expenses: ₹3.26 (H1 FY26: ₹3.71; FY26 Audited: ₹9.49)
  • Profit/(Loss) before tax and exceptional items: ₹270.40 (H1 FY26: ₹95.00)
  • Profit before tax (after exceptional items): ₹270.40 (H1 FY26: ₹95.00)
  • Tax Expense:
  • Current Tax: ₹0.14 (H1 FY26: ₹2.12)
  • Deferred Tax: ₹52.27 (H1 FY26: ₹0.00; FY26 Audited: ₹0.01)
  • Profit/(Loss) for the period (after tax): (₹174.63) Loss (H1 FY26: ₹7.33 Profit; FY26 Audited: (₹23.38) Loss)
  • Paid-up equity share capital: ₹1,320.34 Lakhs (Face value ₹10 per share)
  • Earnings Per Share (EPS) (not annualised):
  • Basic EPS: (₹1.32) (H1 FY26: ₹0.06; FY26 Audited: (₹0.18))
  • Diluted EPS: (₹1.32) (H1 FY26: ₹0.06; FY26 Audited: (₹0.18))

Balance Sheet Highlights (as of September 30, 2026) (₹ in Lakhs):

  • Total Equity: ₹2,589.55 (Mar-31-2026: ₹2,414.92)
  • Equity Share Capital: ₹1,320.34
  • Other Equity: ₹1,269.21 (Mar-31-2026: ₹1,094.58)
  • Total Liabilities: ₹184.40 (Mar-31-2026: ₹341.32)
  • Deferred Tax Liabilities (Net): ₹52.33 (Mar-31-2026: ₹0.06)
  • Short term Borrowings: ₹71.82 (Mar-31-2026: ₹0.00)
  • Trade Payables: ₹0.09 (Mar-31-2026: ₹0.09)
  • Provisions: ₹7.93 (Mar-31-2026: ₹2.90)
  • Other Current Liabilities: ₹4.21 (Mar-31-2026: ₹6.35)
  • Total Assets: ₹2,773.95 (Mar-31-2026: ₹2,756.24)
  • Non-Current Assets: ₹2,509.71 (Mar-31-2026: ₹1,731.93)
  • Property, Plant and Equipment: ₹0.34 (Mar-31-2026: ₹0.92)
  • Investments: ₹771.57 (Mar-31-2026: ₹0.00)
  • Other non-current assets: ₹1,731.80 (Mar-31-2026: ₹1,731.01)
  • Current Assets: ₹264.24 (Mar-31-2026: ₹1,024.32)
  • Trade receivables: ₹44.13 (Mar-31-2026: ₹217.20)
  • Cash and cash equivalents: ₹209.48 (Mar-31-2026: ₹440.38)
  • Short term Loans and advances: ₹0.03 (Mar-31-2026: ₹275.00)
  • Other current Assets: ₹10.59 (Mar-31-2026: ₹17.22)

Cash Flow Statement Highlights (Half Year Ended September 30, 2026) (₹ in Lakhs):

  • Net cash from operating activities: ₹471.54 (H1 FY26: (₹31.04))
  • Net cash used in investing activities: (₹168.52) (H1 FY26: ₹26.01)
  • Interest Received: ₹9.05
  • Purchase of fixed assets: ₹5.00
  • Purchase of Investment: (₹771.57)
  • Net cash from financing activities: ₹66.09 (H1 FY26: (₹3.36))
  • Loans borrowed (Net of repayment): ₹71.82
  • Interest paid: (₹5.74)
  • Net (decrease) in cash and cash equivalents: (₹230.90) (H1 FY26: (₹8.39))
  • Cash and cash equivalents at the beginning of the year: ₹440.38
  • Cash and cash equivalents at the closing of the period: ₹209.48

Notes to the Financial Results

1. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on November 12, 2026.

2. The Statutory Auditors have carried out a limited review of the unaudited results.

3. Previous periods figures have been regrouped/reclassified where necessary for comparability.

4. In accordance with Ind AS 115 - Revenue, GST is not included in Revenue from operations.