Board Meeting Details

The Board of Directors meeting was held on Tuesday, 11th August 2026 at the Registered Office of the Company at 3A, Mangoe Lane, 1st Floor Surana House, Kolkata - 700 001. The meeting commenced at 01:00 PM and concluded at 06:00 PM.

Financial Results Approval

The Board considered and approved the Standalone Unaudited Financial Results for the quarter ended 30th June 2026 along with the Limited Review Report.

Financial Performance (Quarter Ended 30th June 2026)

  • Revenue From Operations: Zero (₹0)
  • Other Income: Zero (₹0)
  • Total Income: Zero (₹0)
  • Total Expenses: ₹4.63 lakh
  • Employee benefit expense: ₹1.76 lakh
  • Other Expenses: ₹2.87 lakh
  • Profit/Loss before tax: Loss of ₹4.63 lakh
  • Tax Expense: Zero (₹0)
  • Net Profit/Loss for the period: Loss of ₹4.63 lakh
  • Other Comprehensive Income: Zero (₹0)
  • Total Comprehensive income: Zero (₹0)
  • Paid-up equity share capital: ₹243.15 lakh (Face Value of Rs. 10/- per equity share)
  • Earnings per share: Negative ₹0.19 (Basic and Diluted)

Comparative Financial Data

Quarter Ended 31st March 2026 (Audited):

  • Net Loss: ₹1.45 lakh
  • EPS: Negative ₹0.06

Quarter Ended 30th June 2025 (Unaudited):

  • Net Loss: ₹5.87 lakh
  • EPS: Negative ₹0.24

Year Ended 31st March 2026 (Audited):

  • Net Loss: ₹9.94 lakh
  • EPS: Negative ₹0.41

Auditor's Review Report

The Independent Auditor (D G M S & Co. Chartered Accountants) issued a qualified conclusion on the financial results. Key points from their report:

Basis for Qualified Conclusion:

  • There is erosion in the Net Worth of the Company
  • The Company has been incurring continuous cash losses for the last several years
  • Material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern
  • The Company failed to adequately disclose this material uncertainty as required by Ind AS 1
  • Negative Net Worth of ₹28.88 lakh as at June 30, 2026

Governance and Compliance

  • The Audit Committee reviewed the results before Board approval
  • The Company has a single reportable business segment: Trading and Distributors
  • No separate segment-wise disclosure required as per Ind AS 108
  • Results prepared in accordance with Indian Accounting Standards 34 "Interim Financial Reporting"

Capital Structure Impact

No change in share capital structure. Paid-up equity share capital remained constant at ₹243.15 lakh across all reported periods.