Board Meeting Details

The Board of Directors meeting was held on Friday, August 7, 2026, at the company's registered office in Ahmedabad. The meeting commenced at 3:00 PM and concluded at 3:25 PM.

Key Board Approvals

The Board considered, approved, and took on record the following items:

1. Unaudited financial results for the quarter ended June 30, 2026, along with the Auditor's Limited Review Report.

2. Reviewed the other businesses of the company.

Financial Results Overview (Quarter Ended June 30, 2026)

  • Revenue from Operations: ₹0.00 crore (compared to ₹0.93 crore in Q1 FY26)
  • Other Income: ₹0.00 crore (compared to ₹0.04 crore in Q1 FY26)
  • Total Revenue: ₹0.00 crore (compared to ₹0.97 crore in Q1 FY26)
  • Total Expenses: ₹6.77 crore (compared to ₹5.16 crore in Q1 FY26)
  • Employee benefits expense: ₹0.73 crore
  • Other expenses: ₹6.03 crore
  • Loss Before Tax: ₹(6.77) crore (compared to ₹(4.19) crore in Q1 FY26)
  • Tax Expense: ₹0.00 crore
  • Net Loss for the Period: ₹(6.77) crore (compared to ₹(4.19) crore in Q1 FY26)
  • Total Comprehensive Loss: ₹(6.77) crore
  • Paid-up Equity Share Capital: ₹409.45 lakh (face value ₹10 each)
  • Earnings Per Share (Basic): (₹0.17) (compared to (₹0.10) in Q1 FY26)
  • Earnings Per Share (Diluted): (₹0.17) (compared to (₹0.10) in Q1 FY26)

Comparative Financials

Year Ended March 31, 2026 (Audited):

  • Total Revenue: ₹0.81 crore
  • Total Expenses: ₹6.53 crore
  • Net Loss: ₹(5.72) crore
  • EPS (Basic & Diluted): (₹0.01)

Quarter Ended June 30, 2025 (Unaudited):

  • Total Revenue: ₹0.97 crore
  • Total Expenses: ₹5.16 crore
  • Net Loss: ₹(4.19) crore
  • EPS (Basic & Diluted): (₹0.10)

Notes to Financial Results

1. The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on August 7, 2026.

2. The statements are prepared in accordance with Indian Accounting Standards and the format prescribed under SEBI LODR Regulation 33.

3. The results are available on the company's website (www.snl.in.net) and BSE Limited's website (www.bseindia.com).

4. The company operates in only one segment.

5. Previous period figures have been regrouped/rearranged for comparability.

Auditor's Review Report

The independent auditor issued a limited review report pursuant to SEBI LODR Regulation 33, stating that based on their review, 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 issued by ICAI.