Board Meeting Details
The Board of Directors meeting was held on August 10, 2026, at the company's registered office in Bhubaneswar, Odisha. The meeting commenced at 12:00 PM and concluded at 1:40 PM.
Approved Agenda Items
The Board considered and approved the following business items:
1. Quarterly SEBI LODR Compliance: Taken on record quarterly compliance done under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2. Board Report: Approved the report of the Board of Directors for the Financial Year 2025-26.
3. Quarterly Financial Results: Approved the unaudited financial results along with limited review report for the quarter ended June 30, 2026.
4. 37th Annual General Meeting: Conveyed the 37th Annual General Meeting to be held on Monday, September 28, 2026, at 11:30 AM at the registered office of the company.
5. Book Closure: Approved book closure from September 22, 2026, to September 28, 2026 (both days inclusive) for the purpose of the Annual General Meeting.
6. Director Re-appointment: Recommended the re-appointment of Mrs. Annapurna Dash (DIN: 00586755) as director.
7. E-voting Facility: Adoption of e-voting service facility and appointment of scrutinizer.
8. Secretarial Auditor Appointment: Appointed M/s. Saroj Ray & Associates as the secretarial auditor of the company for the financial year 2026-27.
9. CFO Appointment: Appointed Mr. Rajiv Kumar Moharana as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company.
Financial Results for Quarter Ended June 30, 2026
The unaudited financial results for the quarter ended June 30, 2026, prepared in accordance with Indian Accounting Standards (Ind-AS):
Income Statement (₹ in Thousands):
- Other Income: ₹1,361
- Total Income: ₹1,361
Expenses:
- Depreciation and Amortization: ₹318
- Employee Benefit Expenses: ₹183
- Other Expenses: ₹1,047
- Total Expenses: ₹1,548
Profit/(Loss):
- Loss before tax: ₹(187)
- Loss for the period: ₹(187)
- Total comprehensive income: ₹(187)
Share Capital and EPS:
- Paid-up Equity Share Capital: ₹69,300 (69,300 shares of ₹10 each)
- Basic EPS: ₹(0.03)
- Diluted EPS: ₹(0.03)
Comparative Figures:
- Quarter ended June 30, 2025: Profit of ₹185, EPS ₹0.05
- Year ended March 31, 2026: Loss of ₹(3,180), EPS ₹(0.46)
Limited Review Report
Sanjit Mohanty & Co., Chartered Accountants, issued a limited review report dated August 10, 2026. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410. The auditors stated that nothing came to their attention that causes them to believe that the financial results contain any material misstatement or fail to disclose information required by SEBI Regulation 33.
Director Re-appointment Details
Mrs. Annapurna Dash (DIN: 00586755) has been recommended for re-appointment as a Non-Executive, Non-Independent Director liable to retire by rotation. The appointment is subject to shareholder approval at the 37th AGM on September 28, 2026. She is related to Mr. Amarendra Dash (Chairman & Managing Director) and Mr. Aditya Dash (Director & CEO) of the company.
CFO Appointment Details
Mr. Rajiv Kumar Moharana has been appointed as Chief Financial Officer effective August 10, 2026. He holds a Master's in Commerce and MBA with over 15 years of experience in accounts and finance.
Secretarial Auditor Appointment
M/s. Saroj Ray & Associates (FRN: P20010R013200) appointed as secretarial auditor for FY 2026-27 for a term of one year. The firm has over 21 years of experience in legal and corporate consultancy.