Board Meeting Details

The Board meeting commenced at 03:00 PM and concluded at 04:00 PM on 10th January 2026. The meeting was held at the company's registered office in Hyderabad.

Financial Results Overview

The unaudited standalone financial results show:

  • Revenue from operations: ₹0.00 for Q3 FY26 (quarter ended 31-12-2025), previous quarter (30-09-2025), nine months ended 31-12-2025, and previous year ended 31-03-2025
  • Other income: ₹0.00 for Q3 FY26, ₹0.00 for previous quarter, ₹2.00 lakh for nine months period, ₹0.00 for previous year
  • Total expenses: ₹2.20 lakh for Q3 FY26 (primarily depreciation of ₹2.20 lakh), ₹0.38 lakh for previous quarter, ₹6.41 lakh for nine months, ₹7.90 lakh for previous year
  • Net loss: ₹2.20 lakh for Q3 FY26, ₹0.38 lakh for previous quarter, ₹6.41 lakh for nine months, ₹7.90 lakh for previous year
  • Earnings per share: ₹0.00 for all periods (basic and diluted)

Liquidation Status and Corporate Restructuring

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 under the Insolvency and Bankruptcy Code, 2016. The acquirer/assigner has initiated the takeover process, with change in management completed but capital restructuring still in process. The complete takeover including records and papers is ongoing, and the company is obtaining latest shareholding data from the Registrar & Transfer Agent.

Auditor's Review Report

Sai and Co., Chartered Accountants issued a limited review report dated 08/05/2026 with a modified conclusion due to the ongoing liquidation process and incomplete corporate restructuring. The auditors conducted their review in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.

Additional Notes

The financial results were prepared in accordance with Indian Accounting Standards (IND AS). The company has not commenced any business operations. The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting on 10th January 2026.