The meeting commenced at 11:00 AM and concluded at 6:45 PM.

Financial Results for Quarter Ended June 30, 2026 (₹ Lakhs, Unaudited)

  • Revenue from Operations: 7.99
  • Other Income: 40.28
  • Total Income: 48.28
  • Total Expenses: 182.34
  • Cost of Materials Consumed: 0.18
  • Employee Benefits Expenses: 29.23
  • Finance Cost: 61.57
  • Depreciation and Amortisation Expense: 28.03
  • Power and Fuel: 24.10
  • Other Expenses: 39.23
  • Loss before Exceptional Items and Tax: (134.06)
  • Exceptional Items: 0.00
  • Loss before Tax: (134.06)
  • Tax Expense: 0.00
  • Net Loss for the Period: (134.06)
  • Total Comprehensive Loss for the Period: (134.06)
  • Paid-up Equity Share Capital: 4,611.74
  • Earnings Per Share (EPS) of ₹10/- each (Basic & Diluted): (0.29)

Comparative Financials (₹ Lakhs)

  • Previous Quarter (Q4 FY26, Audited): Net Profit of 77.03; EPS of 0.17.
  • Corresponding Quarter Previous Year (Q1 FY26, Unaudited): Net Loss of (558.78); EPS of (1.21).
  • Previous Financial Year (FY26, Audited): Net Loss of (2,384.11); EPS of (5.17).

Key Notes from Financial Statement

1. The results are prepared in accordance with Indian Accounting Standard (Ind AS) 34 and Regulation 33 of SEBI LODR.

2. The company's factory operations remain suspended, as approved by the Board on January 14, 2026, and continued via a Board Meeting on May 19, 2026. Revenue for the quarter primarily represents residual export/other sales and is not comparable to normal operating periods.

3. The company has only one reportable segment: Manufacture and Sale of Integrated Circuits.

4. Figures for the quarter and year ended March 31, 2026, are audited and carried a qualified opinion from the statutory auditors.

5. The company is actively pursuing restart measures for factory operations, including:

  • Capital infusion by way of sale of surplus land in the factory premises.
  • Mobilizing funding through financial institutions/investors.
  • Partnering with strategic investors.
  • Raising funds through a public rights issue.

Annual General Meeting (AGM) Details

The Board also decided to hold the 41st Annual General Meeting (AGM) on Monday, September 14, 2026, at 10:20 AM through Video Conferencing (VC) / Other Audio Visual Means (OAVM).

  • The Register of Members and Share Transfer Books will remain closed from September 7, 2026, to September 14, 2026 (both days inclusive).
  • The cut-off date for determining members entitled to vote is Monday, September 7, 2026.
  • The facility for remote e-voting will be provided.
  • The remote e-voting period will commence at 10:00 AM on Friday, September 11, 2026, and end at 5:00 PM on Sunday, September 13, 2026.

Auditor's Limited Review Report (Qualified Conclusion)

Venkatesh & Co., Chartered Accountants (FRN: 004636S), issued a limited review report with a qualified conclusion. The basis for the qualified conclusion includes:

1. Going Concern Uncertainty: The company has incurred losses and generated negative cash flows. A material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

2. Operational Uncertainty: The resignation of major employees has resulted in a significant reduction in employee strength, indicating significant operational uncertainty.

3. Suspended Operations: Major plant and machinery are broken down, and production activities were not carried out during the quarter, with factory operations suspended.

4. Balance Confirmations: Trade receivables amounting to ₹3.91 lakhs and trade payables amounting to ₹339.68 lakhs as of June 30, 2026, are subject to confirmation and reconciliation. The auditors were unable to determine if any adjustments to these balances are necessary.

The auditors' conclusion states that, except for the possible effects of these matters, nothing has come to their attention that causes them to believe the statement contains any material misstatement.