Board Meeting Details

The Board of Directors meeting was held on November 14, 2026, from 4:30 PM to 5:30 PM. The meeting approved:

  • Unaudited Standalone and Consolidated Financial Results for quarter and half year ended September 30, 2026
  • Limited Review Report from statutory auditors
  • Compliance related matters
  • General business operations review

Key Financial Figures - Standalone (Rs. in Lakhs)

Quarterly Performance (Q2 FY27):
  • Total Income: ₹185.93 lakh
  • Total Expenses: Negative ₹431.11 lakh (due to NPA provision reversal)
  • Profit before tax: ₹617.04 lakh
  • Tax Expense: Nil
  • Profit for period: ₹617.04 lakh
  • Other Comprehensive Income: ₹786.34 lakh
  • Total Comprehensive Income: ₹1,403.38 lakh
  • Basic EPS: ₹0.03
  • Diluted EPS: ₹0.03
Half-Yearly Performance (H1 FY27):
  • Total Income: ₹415.89 lakh
  • Total Expenses: ₹3,519.87 lakh
  • Loss before tax: ₹3,103.99 lakh
  • Tax Expense: ₹977.98 lakh (deferred tax)
  • Loss for period: ₹2,126.00 lakh
  • Other Comprehensive Income: ₹1,706.32 lakh
  • Total Comprehensive Income: Negative ₹419.68 lakh
  • Basic EPS: Negative ₹0.12
  • Diluted EPS: Negative ₹0.12
Comparative Figures:
  • Q2 FY26: Loss of ₹1,077.88 lakh
  • H1 FY26: Loss of ₹860.47 lakh
  • FY26: Loss of ₹755.79 lakh

Key Financial Figures - Consolidated (Rs. in Lakhs)

Quarterly Performance (Q2 FY27):
  • Profit before tax: ₹617.04 lakh
  • Profit for period: ₹617.04 lakh
  • Total Comprehensive Income: ₹1,403.38 lakh
  • Basic EPS: ₹0.034
  • Diluted EPS: ₹0.034
Half-Yearly Performance (H1 FY27):
  • Loss before tax: ₹3,104.01 lakh
  • Loss for period: ₹2,126.02 lakh
  • Total Comprehensive Income: Negative ₹419.70 lakh
  • Basic EPS: Negative ₹0.122
  • Diluted EPS: Negative ₹0.118

Segment Information

The company operates in two segments:

1. Lending Division

2. Investment/Trading in Equity and F&O

Standalone Segment Revenue H1 FY27:
  • Lending: ₹297.61 lakh
  • Investment/Trading: ₹10.56 lakh
Consolidated Segment Revenue H1 FY27:
  • Lending: ₹297.61 lakh
  • Investment/Trading: ₹10.56 lakh

Capital Structure Changes

The Board approved on August 17, 2026, the allotment of 15,25,79,365 equity shares of ₹1 each at a premium of ₹0.05 per share pursuant to conversion of convertible warrants. This was done on preferential basis to non-promoters under SEBI (ICDR) Regulations, 2018.

Paid-up equity share capital increased from ₹16,400.00 lakh (March 31, 2026) to ₹19,100.79 lakh (September 30, 2026).

Assets and Liabilities Position (Standalone)

As of September 30, 2026:

  • Total Assets: ₹22,781.80 lakh
  • Financial Assets: ₹18,817.48 lakh (including Loans: ₹10,582.76 lakh, Investments: ₹8,085.87 lakh)
  • Non-Financial Assets: ₹3,964.32 lakh
  • Total Liabilities: ₹5,667.98 lakh
  • Equity: ₹17,113.82 lakh

Cash Flow Statement (Standalone)

H1 FY27:

  • Cash from Operating Activities: Negative ₹411.06 lakh
  • Cash from Investing Activities: Negative ₹635.00 lakh
  • Cash from Financing Activities: ₹1,171.08 lakh
  • Net Increase in Cash: ₹125.02 lakh
  • Cash at period end: ₹149.85 lakh

Critical Accounting Matter

The company has not provided interest of ₹34.13 lakh on borrowings from Arcadia Shipping Ltd due to ongoing dispute regarding interest and claim repayment. The company is seeking legal opinion on the matter.

Auditor's Qualification

Darpan & Associates issued a qualified opinion stating that non-provision of this interest has resulted in:

  • Decrease in finance cost for Q2 FY27 by ₹17.07 lakh
  • Decrease in finance cost for H1 FY27 by ₹34.13 lakh
  • Increase in profit after tax for Q2 FY27
  • Decrease in loss after tax for H1 FY27

Other Disclosures

  • No interim dividend declared
  • Labour Codes implementation has no financial impact
  • Company follows Ind AS accounting standards
  • Results reviewed by Audit Committee and approved by Board
  • Subsidiary: Srestha Greentech Pvt Ltd (included in consolidated results)