Board Meeting Outcomes

The Board of Directors meeting held on August 14, 2026 (09:30 PM to 10:30 PM) transacted the following business:

  • Approved Un-Audited (Standalone and Consolidated) Financial Results for quarter ended June 30, 2026 along with Limited Review Report from statutory auditors
  • Noted fines imposed by BSE Ltd and MSEI Ltd vide their letter dated 14/08/2026 for late/delayed submission of shareholding pattern under Regulation 31 of SEBI LODR Regulations for quarter ended June 30, 2026
  • Considered and approved compliance related matters and reviewed ongoing general business matters and operational propositions

Financial Performance Highlights (Standalone - Rs. in Lakhs)

Q1 FY27 (June 30, 2026) Performance:

  • Total Income: ₹229.95 lakhs vs ₹367.54 lakhs in Q1 FY26
  • Total Expenses: ₹3,950.98 lakhs (driven by ₹3,885.52 lakhs NPA provision)
  • Profit Before Tax: Loss of ₹3,721.03 lakhs vs Profit of ₹217.41 lakhs in Q1 FY26
  • Tax Expense: ₹977.98 lakhs (Deferred Tax)
  • Net Loss: ₹2,743.05 lakhs vs Net Profit of ₹217.41 lakhs in Q1 FY26
  • Total Comprehensive Income: Loss of ₹1,823.06 lakhs vs Profit of ₹420.13 lakhs in Q1 FY26
  • EPS: Basic (-₹0.167), Diluted (-₹0.110)

Segment-wise Performance (Standalone):

  • Lending Division: Revenue ₹229.95 lakhs, Segment Loss ₹3,721.03 lakhs
  • Investment/Trading Division: Revenue ₹0.00 lakhs, Segment Profit ₹0.00 lakhs
  • Total Assets: ₹25,169.13 lakhs, Total Liabilities: ₹10,495.53 lakhs

Capital Structure Changes

  • Paid-up equity share capital increased to ₹17,575.00 lakhs (from ₹16,400.00 lakhs in previous quarter) due to conversion of 11,75,00,000 convertible warrants into equity shares
  • Reserve position: Negative ₹3,523.23 lakhs

Consolidated Financial Results

  • Net Loss: ₹2,743.06 lakhs for Q1 FY27
  • Total Comprehensive Income: Loss of ₹1,823.08 lakhs
  • EPS: Basic (-₹0.158), Diluted (-₹0.111)
  • Includes subsidiary Srestha Greentech Pvt Ltd (contributed net loss of ₹0.02 lakhs)

Critical Accounting Matters

Qualified Auditor Opinion:

  • Darpan & Associates issued qualified limited review report for both standalone and consolidated results
  • Company has not provided interest of ₹17.07 lakhs on borrowings from Arcadia Shipping Ltd due to ongoing dispute
  • Arcadia Shipping Ltd has recalled interest and loan outstanding, company exploring legal options
  • Non-provision resulted in decrease in finance cost and increase in profit after tax by ₹17.07 lakhs

Other Notes:

  • Company engaged in two segments: Financing and Investments Activities
  • No interim dividend declared
  • Diluted EPS computed considering amount received for allotment of convertible warrants
  • Labour Codes implementation has no financial impact as Payment of Gratuity Act not applicable and no leave encashment policy
  • Preferential allotment of 11,75,00,000 equity shares at ₹1.05 per share (face value ₹1, premium ₹0.05) completed on April 13, 2026 through conversion of convertible warrants originally issued on February 18, 2025