Board Meeting Details

The Board of Directors meeting was held on 23rd October 2026, commencing at 1:00 p.m. and concluding at 1:30 p.m. The board took on record the unaudited financial results.

Financial Results Overview (Quarter Ended 30-09-2026)

  • Revenue from operations: Rs 34.00 lakh
  • Total Income: Rs 34.00 lakh
  • Total Expenses: Rs 31.24 lakh
  • Changes in inventories: Rs 29.11 lakh
  • Employee benefits expense: Rs 0.35 lakh
  • Finance costs: Rs 0.02 lakh
  • Other expenses: Rs 1.76 lakh
  • Profit before tax: Rs 2.76 lakh
  • Profit for the period: Rs 2.76 lakh
  • Total Comprehensive Income: Rs 2.76 lakh
  • Earnings Per Share (Basic & Diluted): Rs 0.03

Financial Results Overview (Half Year Ended 30-09-2026)

  • Revenue from operations: Rs 34.00 lakh
  • Total Income: Rs 34.00 lakh
  • Total Expenses: Rs 36.15 lakh
  • Loss before tax: Rs (2.15) lakh
  • Loss for the period: Rs (2.15) lakh
  • Total Comprehensive Income: Rs (2.15) lakh
  • Earnings Per Share (Basic & Diluted): Rs (0.03)

Comparative Financial Performance

Quarterly Comparison (Rs in lakh):

  • Q2 FY27 (30-09-2026): Profit of Rs 2.76 lakh
  • Q1 FY27 (30-06-2026): Loss of Rs (4.92) lakh
  • Q2 FY26 (30-09-2025): Loss of Rs (2.25) lakh

Half-Yearly Comparison (Rs in lakh):

  • H1 FY27: Loss of Rs (2.15) lakh
  • H1 FY26: Loss of Rs (7.37) lakh
  • FY26 (31-03-2026): Loss of Rs (7.85) lakh

Balance Sheet Position (as at 30-09-2026)

Assets (Rs in lakh):

  • Total Current Assets: Rs 186.11 lakh
  • Inventories: Rs 168.49 lakh
  • Cash and cash equivalents: Rs 3.13 lakh
  • Other Current Assets: Rs 14.49 lakh
  • Total Non-Current Assets: Rs 0
  • Total Assets: Rs 186.11 lakh

Equity and Liabilities (Rs in lakh):

  • Total Equity: Rs (246.06) lakh
  • Equity share capital: Rs 839.41 lakh
  • Other Equity: Rs (1085.47) lakh
  • Total Liabilities: Rs 432.17 lakh
  • Non-Current Liabilities: Rs 89.37 lakh
  • Current Liabilities: Rs 342.80 lakh
  • Current borrowings: Rs 340.13 lakh
  • Trade payables (other than micro/small enterprises): Rs 2.64 lakh
  • Other Current Liabilities: Rs 0.03 lakh

Cash Flow Statement (Half Year Ended 30-09-2026)

  • Net cash from operating activities: Rs 26.59 lakh
  • Net cash used in financing activities: Rs (25.01) lakh
  • Net increase in cash and cash equivalents: Rs 1.58 lakh
  • Cash and cash equivalents at beginning: Rs 1.55 lakh
  • Cash and cash equivalents at end: Rs 3.13 lakh

Important Notes and Disclosures

1. The company is primarily engaged in construction of Residential and Commercial Complexes as its only reportable segment.

2. The company has no subsidiary or associate.

3. Provision for taxation/deferred taxation will be made at year end.

4. The results were reviewed by the audit committee and approved by the Board of Directors on 23rd October 2026.

5. The unaudited financial results have been subject to limited review by statutory auditors J M Parikh & Associates.

6. The company has huge accumulated losses and is not currently carrying on any gainful economic activities.

7. Due to uncertainty about recouping losses, deferred tax is not recognized in the books.

8. Financial results prepared in accordance with Indian Accounting Standards.

9. No deviation or variation in proceeds of public issues.

10. No outstanding defaults on loans or debt securities - total financial indebtedness is Rs 0.

11. No related party transactions requiring disclosure.

12. Corporate governance provisions under certain SEBI regulations are not applicable as threshold limits were not exceeded.

Auditor's Limited Review Report

J M Parikh & Associates, Chartered Accountants (FRN: 118007W), conducted a limited review and reported that nothing has come to their attention that causes them to believe that the statement contains any material misstatement. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410.