Key Financial Figures (₹ in Lakhs)

Total Income: 4.55 (FY 2025-26) vs 16.00 (FY 2024-25)

Total Expenditure: 24.73 (FY 2025-26) vs 34.73 (FY 2024-25)

Profit/(Loss) Before Tax: (20.18) (FY 2025-26) vs (18.73) (FY 2024-25)

Profit/(Loss) After Tax: (20.18) (FY 2025-26) vs (18.73) (FY 2024-25)

Balance Sheet Highlights (as at 31st March 2026):

  • Share Capital: ₹997.24 lakh (99,44,800 equity shares of ₹10 each)
  • Reserves & Surplus: ₹(1,215.89) lakh (negative)
  • Borrowings (Non-current): ₹339.66 lakh
  • Deferred Tax Liability: ₹145.47 lakh
  • Current Liabilities: ₹24.69 lakh
  • Total Assets: ₹291.19 lakh

Dates of Action

  • AGM Date: 29th September 2026 (through VC/OAVM)
  • Board Meeting Date: 1st September 2026 (approved financial statements)
  • Book Closure: 19th September 2026 to 28th September 2026
  • Remote e-voting Period: 21st September 2026 (9:00 AM) to 28th September 2026 (5:00 PM)
  • Cut-off Date (Record Date): 18th September 2026

Parties Involved

Board of Directors:

  • Ms. V.S. Lalita (Whole-time Director & CFO, DIN: 01029534)
  • Mr. Nagaraju Jakkampudi (Director, DIN: 05358691)
  • Mr. Valavala Subrahmanyam Venkata (Promoter Director, DIN: 01029479)
  • Mr. Kandula Gopalakrishna (Independent Director, DIN: 02387375)
  • Mr. Shaik Kalesha Vali (Independent Director, DIN: 08186518)

Key Managerial Personnel:

  • Mr. Venkataramana Raju Kanumuri (Company Secretary)

Auditors:

  • Statutory Auditors: VASG & Associates, Chartered Accountants
  • Secretarial Auditor: Mrs. Sarada Putcha, Company Secretary

Registrar & Share Transfer Agent: Venture Capital and Corporate Investments Private Limited

Operational Highlights

  • BSE Trading Status: Equity shares remained suspended during FY 2025-26
  • BSE In-principle Approval: Received on 23rd March 2026 for revocation of trading suspension, subject to compliance with stated conditions
  • Business Operations: Limited commercial operations during the year due to COVID-19 impact
  • Dematerialization Status: 97.49% of shares dematerialized as of 31st March 2026

Proposed Business Direction

The Company is exploring possibilities of associating with established technology companies for development and commercialization of AI agents for business and personal applications. This initiative is at an exploratory stage with no material commercial operations commenced.

Corporate Governance

  • Corporate governance provisions under SEBI LODR not applicable as paid-up capital (₹9.94 crore) and net worth (negative ₹1.84 crore) below threshold limits
  • Board met 5 times during the year
  • All applicable committees constituted (Audit, NRC, SRC, Risk Management)
  • No remuneration paid to directors during the year

Audit Matters

Statutory Auditor's Report (VASG & Associates):

  • Unmodified opinion on financial statements
  • No reservations, qualifications or adverse remarks

Secretarial Audit Report (Mrs. Sarada Putcha):

  • Internal auditors not appointed during FY 2025-26
  • Equity shares suspended from trading with in-principle approval for revocation received

Capital Structure Impact

No change in share capital during the year. Authorized capital: ₹10.40 crore (1,04,00,000 equity shares of ₹10 each). Paid-up capital: ₹9.94 crore (99,44,800 equity shares of ₹10 each).

Cash Flow Implications

Net Cash from Operating Activities: ₹(24.13) lakh

Net Cash from Financing Activities: ₹23.88 lakh (increase in borrowings)

Net Decrease in Cash & Cash Equivalents: ₹(0.25) lakh

Cash & Cash Equivalents at Year-end: ₹0.47 lakh

Dividend

No dividend recommended for FY 2025-26 due to loss and revival plans.

Other Disclosures

  • No material related party transactions
  • No frauds reported by auditors
  • No pending litigations impacting going concern
  • No deposits accepted during the year
  • No CSR applicability
  • Whistle Blower Policy in place
  • Sexual harassment complaints: Nil received, Nil disposed