Board Meeting Details

The Board of Directors meeting was held on 29th May 2026, commencing at 04:30 p.m. and concluding at 05:10 p.m. at the company's office at Four Mangoe Lane, Kolkata - 700001.

Financial Results Approval

The Board approved and adopted the Audited Financial Results of the Company for the Quarter and Financial Year ended 31st March 2026 under Indian Accounting Standards as recommended by the Audit Committee.

Financial Performance Highlights

Year Ended 31st March 2026 (Audited):

  • Total Income: ₹10.13 lakhs (Previous year: ₹136.34 lakhs)
  • Total Expenses: ₹59.73 lakhs (Previous year: ₹54.68 lakhs)
  • Loss before tax: ₹49.60 lakhs (Previous year: Profit of ₹81.66 lakhs)
  • Net Loss: ₹49.60 lakhs (Previous year: Profit of ₹81.66 lakhs)
  • Earnings per share (Basic and Diluted): (₹0.96) (Previous year: ₹1.58)

Quarter Ended 31st March 2026 (Audited):

  • Total Income: ₹3.40 lakhs
  • Total Expenses: ₹16.74 lakhs
  • Loss before tax: ₹13.34 lakhs
  • Net Loss: ₹13.34 lakhs
  • Earnings per share (Basic and Diluted): (₹0.26)

Financial Position as at 31st March 2026

Assets:

  • Total Assets: ₹274.44 lakhs (Previous year: ₹254.06 lakhs)
  • Non-Current Assets: ₹58.40 lakhs (including Investments: ₹16.00 lakhs, Income Tax Assets: ₹33.31 lakhs)
  • Current Assets: ₹156.04 lakhs (including Cash and Cash Equivalents: ₹6.63 lakhs, Other Financial Assets: ₹143.00 lakhs)

Liabilities and Equity:

  • Total Equity: ₹95.81 lakhs (Equity Share Capital: ₹57.71 lakhs, Other Equity: ₹44.10 lakhs)
  • Current Liabilities: ₹118.53 lakhs (Other Financial Liabilities: ₹82.28 lakhs, Other Current Liabilities: ₹34.19 lakhs)

Cash Flow Statement

For year ended 31st March 2026:

  • Net cash outflow from operating activities: ₹(37.27) lakhs
  • Net cash inflow from investing activities: ₹101.30 lakhs
  • Net cash outflow from financing activities: ₹(134.58) lakhs
  • Net decrease in cash and cash equivalents: ₹(70.55) lakhs
  • Cash and cash equivalents at end of year: ₹6.63 lakhs

Corporate Governance Matters

Director Reappointment: The Board, on recommendation of Nomination and Remuneration Committee, recommended reappointment of Mr. Pradip Bhar (DIN: 01039198) who is retiring by rotation under Section 152(6) of Companies Act, 2013. Mr. Bhar has been a director since 13/08/2019 and is a qualified Chartered Accountant with over 45 years experience in Finance, Accounting, and Taxation.

Scrutinizer Appointment: The Board appointed R.N. Shah and Associates, Practicing Company Secretary, as scrutinizer for voting at the 79th Annual General Meeting for the financial year 2026-2027. Mr. Rajnikant N. Shah has over 40 years of expertise in secretarial compliances.

Additional Notes

  • The company has unabsorbed depreciation and carry forward losses under Income Tax Laws on which it has not recognized deferred tax asset
  • The new Labour Codes effective from 21st November 2025 do not have material impact on the financial statements
  • Figures for previous periods have been regrouped and reclassified to conform with current period presentation

Publication Requirements

The Board resolved to publish the financial results within 48 hours in one English national daily newspaper and one Marathi newspaper, and to upload them on the company website simultaneously with submission to stock exchange.