Board Meeting Details

The meeting commenced at 02:00 PM and concluded at 03:11 PM on 10th October 2025.

Financial Results Overview

Quarter Ended 30th September 2025:

  • Revenue from operations: ₹0.00
  • Other income: ₹0.00
  • Total income: ₹0.00
  • Total expenses: ₹0.38 lakh
  • Finance costs: ₹0.00
  • Depreciation and amortization expense: ₹0.38 lakh
  • Loss before tax: ₹(0.38) lakh
  • Tax expense: ₹0.00
  • Loss for the period: ₹(0.38) lakh

Previous Quarter Ended 30th June 2025:

  • Revenue from operations: ₹0.00
  • Other income: ₹2.00 lakh
  • Total income: ₹2.00 lakh
  • Total expenses: ₹5.83 lakh
  • Finance costs: ₹0.01 lakh
  • Depreciation and amortization expense: ₹5.83 lakh
  • Loss before tax: ₹(3.83) lakh
  • Tax expense: ₹0.00
  • Loss for the period: ₹(3.83) lakh

Half Year Ended 30th September 2025:

  • Revenue from operations: ₹0.00
  • Other income: ₹2.00 lakh
  • Total income: ₹0.00 (note: apparent discrepancy in calculation)
  • Total expenses: ₹6.21 lakh
  • Finance costs: ₹0.01 lakh
  • Depreciation and amortization expense: ₹6.21 lakh
  • Loss before tax: ₹(4.21) lakh
  • Tax expense: ₹0.00
  • Loss for the period: ₹(4.21) lakh

Year Ended 31st March 2025 (Audited):

  • Revenue from operations: ₹0.00
  • Other income: ₹0.00
  • Total income: ₹0.00
  • Total expenses: ₹7.90 lakh
  • Finance costs: ₹0.01 lakh
  • Depreciation and amortization expense: ₹7.89 lakh
  • Loss before tax: ₹(7.90) lakh
  • Tax expense: ₹0.00
  • Loss for the period: ₹(7.90) lakh

Liquidation Status and Corporate Action

The Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench initiated liquidation proceedings against the company vide order dated 01.09.2022. Subsequently, NCLT approved the sale of the company as a going concern to Indo Aquatics Limited (Acquirer) assigned to Reddy Investments Private Limited (Assigner) vide order dated 18.07.2024.

The Liquidator issued a Sale Certificate dated 14.06.2023 for the sale of the company as a going concern pursuant to the Insolvency and Bankruptcy Code, 2016. The Acquirer/Assigner has initiated the process for taking over the company, with the management change process completed but capital restructuring still in progress.

The company is in the process of obtaining the latest shareholding data from the Registrar & Transfer Agent (RTA).

Auditor's Review Report

SAl AND CO, Chartered Accountants issued a limited review report dated 08/05/2026 with a modified conclusion due to the ongoing liquidation process and management transition. The auditors noted that the acquirer/assigner is in the process of complete takeover of the company including records and papers.