Financial Results (Quarter Ended June 30, 2026)
Income Statement (₹ in Lakhs):
- Revenue from Operations: ₹6.96 (Lease Rent Income: ₹6.96, Agri Product Sales: ₹0.00)
- Other Income: ₹0.28
- Total Income: ₹7.24
Expenditure (₹ in Lakhs):
- Employee Benefits Expense: ₹11.03
- Depreciation: ₹48.15
- Administrative & Other Expenses: ₹9.47
- Total Expenses: ₹68.65
Profit/Loss (₹ in Lakhs):
- Loss Before Tax: (₹61.41)
- Tax Expenses: ₹0.00
- Loss for the Period: (₹61.41)
- Total Comprehensive Income: (₹61.41)
Earnings Per Share:
- Basic EPS: (₹0.04)
- Diluted EPS: (₹0.04)
Comparative Figures (₹ in Lakhs):
- Q1 FY2026 Total Income: ₹265.37 (Agri Product Sales: ₹241.75, Lease Rent Income: ₹23.12)
- Q1 FY2026 Loss: (₹70.21)
- FY2026 Total Income: ₹493.86
- FY2026 Loss: (₹257.11)
Capital Structure:
- Paid-Up Equity Share Capital: ₹16,186.37 lakh (Face Value ₹10 each)
- Other Equity: Negative balance (not quantified)
Board Decisions
1. Approved unaudited financial results for quarter ended June 30, 2026
2. Approved availing borrowing facilities aggregating up to ₹220.00 crore
- Security: Pledge of shares held by promoters/promoter group
- Terms and conditions to be agreed by the Board
3. Could not conclude deliberations on remaining agenda items - to be taken up in subsequent meetings
Meeting Details
- Meeting Date: August 14, 2026
- Commencement Time: 2:30 PM
- Conclusion Time: 3:23 PM
Significant Notes to Financial Results
1. Debenture Liabilities: Company is in negotiations for settlement of dues with outstanding debenture holders. No reliable estimate can be made of amount likely to be paid. No provision made for additional interest and charges under Ind AS 37.
2. PICUP Settlement: One Time Settlement dated December 4, 2023 from Pradeshiya Industrial & Investment Corporation of U.P. Limited (PICUP) for aggregate amount of ₹2,597 lakh (Principal + Interest) payable by December 3, 2024 with 11% simple interest.
- Amount paid: ₹678.92 lakh on April 20, 2024
- Balance outstanding: ₹1,947.75 lakh (unpaid)
- PICUP extension: Letter dated July 17, 2026 approved extension until September 30, 2026 for payment of remaining instalment with 12% simple interest per annum for defaulted period
- Company seeking rebate in interest portion - no reliable estimate of final payment amount
- No provision made for additional interest and charges under Ind AS 37
3. Segment Reporting: Single segment company - trading and warehousing of Agri Products
4. Comparative Figures: Q4 FY2026 figures are balancing figures between audited annual figures and limited reviewed year-to-date figures
Auditor Review
- B.M. Chaturvedi & Co., Chartered Accountants conducted limited review
- Review conducted under Standard on Review Engagements (SRE) 2410
- Unmodified review report issued - no material misstatement identified
- Financial results prepared in accordance with Ind AS 34