Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015
Audit Opinion:
Qualified Limited Review Report by M/s Rushabh Davda and Associates Chartered Accountants
Key Financial Highlights [Amount in INR Lakhs]:
Standalone Results:
Revenue from Operations: ₹40,695 lakh
Other Income: ₹715 lakh
Total Revenue: ₹41,410 lakh
Total Expenses: ₹38,530 lakh
Profit Before Exceptional Items and Tax: ₹2,880 lakh
Exceptional Items: ₹3,245.70 lakh (gain)
Profit Before Tax: ₹6,125.70 lakh
Tax Expenses: ₹523.72 lakh (Current Tax: ₹60.71 lakh, Deferred Tax: ₹463.01 lakh)
Net Profit for the Period: ₹98.98 lakh
Total Comprehensive Income for the Period: ₹1,540 lakh
Paid Up Equity Share Capital (Face Value of Rs. 10 each): ₹2,499.50 lakh
Earnings Per Share (Basic and Diluted): ₹0.06
Segment-wise Performance:
The company does not have more than one reportable segment; hence segment-wise reporting is not applicable.
Corporate Actions:
Not Specified
Other Significant Information:
- The company recognized an exceptional gain of ₹3,245.70 lakh on account of reversal of amount written off in earlier financial years due to settlement of disputes arising from a Joint Development Agreement
- Subsequent to the quarter ended June 30, 2026, the company's One-Time Settlement (OTS) proposal was approved by the banker on August 13, 2026
- The company has deposited a preliminary amount equivalent to 10% of the proposed settlement amount
- The company is exploring options including fund infusion, preferential allotment and monetization of assets to meet financial obligations
- The financial results have been prepared on a going concern basis despite material uncertainties