Financial Performance Highlights

Income Statement Summary (₹ in Thousands)

| PARTICULARS | 31st March, 2026 | 31st March, 2025 |

| Revenue from Operation | - | - |

| Other Income | 0.15 | - |

| Total Income | 0.15 | - |

| Other Expenses | 16,649.12 | 790.00 |

| Total Expenses | 16,649.12 | 790.00 |

| Profit before tax | -16,649.00 | -790.00 |

| Profit/Loss for the Year | -16,649.00 | -790.00 |

The company reported a net loss of ₹16.65 million for FY2025-26 compared to a net loss of ₹0.79 million in FY2024-25.

Balance Sheet Summary (₹ in Thousands)

| PARTICULARS | 31st March, 2026 | 31st March, 2025 |

| Total Assets | 23,447.80 | 36,642.00 |

| Equity Share Capital | 19,407.00 | 0 |

| Other Equity | -16,648.82 | 19,400.00 |

| Total Equity | 2,758.18 | 19,400.00 |

| Current Liabilities | 20,689.61 | 17,242.00 |

Key Financial Ratios

  • Earnings per share: (₹8.58) basic and diluted for FY2025-26
  • Current Ratio: 1.13 as at March 31, 2026 (1.24 as at March 31, 2025)
  • Debt-Equity Ratio: 1.12 as at March 31, 2026

Corporate Insolvency and Ownership Change

Liquidation Process Timeline

  • NCLT Hyderabad initiated Corporate Insolvency Resolution Process (CIRP) on 03.10.2018 in CP (IB) NO. 421/7/HDB/2018
  • Mr. Anup Kumar Singh appointed as Interim Resolution Professional (IRP)/Resolution Professional (RP)
  • NCLT ordered liquidation on 01.09.2022 in I.A. No. 462 of 2021
  • Liquidator issued E-Auction Sale Notice on 18.02.2023
  • Indo Aquatics Limited declared qualified bidder on 07.03.2023
  • Letter of Intent issued to Indo Aquatics Limited on 18.03.2023
  • Sale Certificate dated 14.06.2023 executed
  • Sale consideration: ₹1,74,60,000 + ₹3,25,920
  • Indo Aquatics Limited later assigned rights to Reddy Investments Private Limited

Ownership Changes

  • Extinguishment of Existing Promoter Equity (100%) representing approximately ₹149.63 Crores
  • Allotment of 19,40,000 equity shares of ₹10 each to M/s Reddy Investments Pvt Ltd (100% ownership)

Shareholding Pattern as on March 31, 2026

| Category | No. of Shareholders | No. of Shares | % Holding | Value (₹) |

| New Promoter (Reddy Investments Pvt. Ltd.) | 1 | 19,40,000 | 100.00% | 1,94,00,000 |

| Public Shareholders | 7 | 700 | 0.00036% | 7,000 |

| Total | 8 | 19,40,700 | 100% | 1,94,07,000 |

Annual General Meeting Details

Meeting Schedule

  • Date: Wednesday, 30th September, 2026
  • Time: 6.00 P.M.
  • Venue: Registered Office at Plot No.304-L-III, Ground Floor, Room No.1A, Road No.78, Jubilee Hills, Hyderabad-500 096

Ordinary Business

1. Adoption of Audited Financial Statements for year ended March 31, 2026

2. Re-appointment of Mr. Sreegiri Venkata Rama Murthy as Managing Director (retiring by rotation)

3. Ratification of appointment of M/s Bhanu Murali & Co. as Statutory Auditors

Special Business

4. Appointment of Mr. V Venkateswara Rao (DIN: 11835574) as Non-Executive Director

  • Appointed as Additional Director with effect from 18th July 2026
  • Currently holds office up to the date of AGM
  • Requires shareholder approval for regularization

Board of Directors

As at March 31, 2026:

1. Mrs. Bobba Naga Rajakumari - Director (Appointed 20/03/2025)

2. Mr. Poruri Venkata Subba Rao - Director (Appointed 28/03/2025)

3. Mr. Venkata Rama Murthy Sreegiri - Managing Director (Appointed 20/03/2025)

Auditor's Report Emphasis of Matter

The auditors drew attention to Note 1 of the financial statements regarding:

  • Sale of the Company as a Going Concern vide Sale Certificate dated 14.06.2023
  • Extinguishment of pre-existing equity shareholding by operation of law under IBC
  • Reversal of pre-existing paid-up share capital of approximately ₹149.63 Crores to Business Reconstruction Reserve
  • Subsequent assignment of acquirer's rights to Reddy Investments Private Limited
  • Resultant position of zero public shareholding as on the date of financial statements

Regulatory Compliance Disclosures

Board Meetings

  • 18 Board meetings held during financial year ended March 31, 2026

Related Party Transactions

  • No materially significant related party transactions with Promoters, Directors or Key Managerial Personnel
  • Disclosure in Form AOC-2 not required

Other Disclosures

  • No loans/guarantees/investments under Section 186 of Companies Act, 2013
  • CSR Policy not applicable to the company
  • Risk Management Policy implemented
  • Whistle Blower Policy in place
  • Anti-Sexual Harassment Policy implemented with Internal Complaints Committee
  • No complaints received or disposed during the year
  • No fixed deposits accepted from public
  • Properties adequately insured
  • No pending litigations impacting financial position
  • No long-term contracts with material foreseeable losses
  • No amounts due to be transferred to Investor Education and Protection Fund

Outstanding Statutory Dues

As at March 31, 2026:

  • Income Tax TDS: ₹20,000 (March 2025, due since 07-04-25, not paid)
  • Commercial Tax Professional Tax: ₹600 (Various periods, not paid)