Key Financial Figures - Year Ended 31st March 2026 (Audited)
- Revenue from Operations: ₹824.72 lakhs (Previous Year: ₹771.93 lakhs)
- Other Income: ₹1.62 lakhs (Previous Year: ₹1.29 lakhs)
- Total Revenue: ₹826.34 lakhs (Previous Year: ₹773.23 lakhs)
- Total Expenses: ₹1,781.38 lakhs (Previous Year: ₹1,451.19 lakhs)
- Exceptional Items: Credit of ₹1,610.25 lakhs (Write-back of credit/debit balances payable to/receivable from Group Companies)
- Profit Before Tax: ₹655.22 lakhs (Previous Year: Loss of ₹677.96 lakhs)
- Net Profit for the Year: ₹655.22 lakhs (Previous Year: Loss of ₹677.96 lakhs)
- Total Comprehensive Income for the Year: ₹693.57 lakhs (Previous Year: Loss of ₹722.69 lakhs)
- Equity Share Capital: ₹245.00 lakhs (Face Value of ₹10/- each, unchanged from previous year)
- Reserves: Negative ₹832.62 lakhs (Previous Year: Negative ₹1,526.19 lakhs)
Key Financial Figures - Quarter Ended 31st March 2026 (Audited)
- Revenue from Operations: ₹208.68 lakhs (Previous Quarter, Unaudited: ₹192.77 lakhs; Year-Ago Quarter, Audited: ₹187.23 lakhs)
- Other Income: ₹1.62 lakhs (Year-Ago Quarter, Audited: ₹0.63 lakhs)
- Total Revenue: ₹210.30 lakhs (Previous Quarter: ₹192.77 lakhs; Year-Ago Quarter: ₹187.87 lakhs)
- Total Expenses: ₹611.88 lakhs (Previous Quarter: ₹403.84 lakhs; Year-Ago Quarter: ₹324.54 lakhs)
- Exceptional Items: Credit of ₹1,610.25 lakhs
- Profit Before Tax: ₹1,208.66 lakhs (Previous Quarter: Loss of ₹211.06 lakhs; Year-Ago Quarter: Loss of ₹136.68 lakhs)
- Net Profit for the Quarter: ₹1,208.66 lakhs (Previous Quarter: Loss of ₹211.06 lakhs; Year-Ago Quarter: Loss of ₹436.68 lakhs)
- Total Comprehensive Income for the Quarter: ₹1,247.01 lakhs (Previous Quarter: Loss of ₹211.06 lakhs; Year-Ago Quarter: Loss of ₹181.41 lakhs)
Cash Flow Statement (Year Ended 31st March 2026)
- Net Cashflow from Operating Activities: ₹32.40 lakhs (Previous Year: ₹20.84 lakhs)
- Net Cashflow from Investing Activities: Negative ₹7.50 lakhs (Previous Year: Negative ₹9.37 lakhs)
- Net Cashflow from Financing Activities: ₹0.00 lakhs (Previous Year: ₹0.00 lakhs)
- Cash and bank balances at the end of the year: ₹12.66 lakhs (Previous Year: ₹37.56 lakhs)
Statement of Assets and Liabilities (As at 31st March 2026)
- Total Assets: ₹681.03 lakhs (Previous Year: ₹881.21 lakhs)
- Non-Current Assets: ₹54.98 lakhs (Previous Year: ₹64.33 lakhs)
- Current Assets: ₹626.05 lakhs (Previous Year: ₹816.88 lakhs)
- Inventories: ₹569.49 lakhs (Previous Year: ₹482.06 lakhs)
- Trade Receivables: Not specified for current year (Previous Year: ₹306.72 lakhs)
- Cash and Cash Equivalents: ₹43.58 lakhs (Previous Year: ₹15.66 lakhs)
- Total Equity: Negative ₹587.62 lakhs (Previous Year: Negative ₹1,290.18 lakhs)
- Non-Current Liabilities: ₹463.51 lakhs (Previous Year: ₹620.87 lakhs)
- Current Liabilities: ₹805.14 lakhs (Previous Year: ₹1,550.52 lakhs)
Auditor's Emphasis of Matter
The independent auditor, V V Kale & Company Chartered Accountants, included several Emphasis of Matter paragraphs in their report:
1. Material uncertainty related to Going Concern: The company's accumulated losses of ₹832.62 lakhs have completely eroded its net worth. As of 31st March 2026, current liabilities exceed current assets by ₹179.08 lakhs. The financial statements are prepared on a going concern basis as per management.
2. Agreed Change in Control / Management: A Share Purchase Agreement (SPA) was signed on 24th January 2026 between the existing promoter Gunther America Inc and the acquirers (BBU Enterprises Private Limited, Touristas Horizons Private Limited, and Mr. Nikhil Pujari) for the acquisition of up to 9,22,000 equity shares (37.6327% of paid-up capital) for a consideration of ₹2,76,60,000.
3. Material Change in Shareholding post Balance Sheet Date: On 14th May 2026, Touristas Horizons Pvt. Ltd and BBU Enterprises Pvt. Ltd acquired 2,52,861 equity shares each, aggregating to 5,05,722 shares (20.64% shareholding).
4. Change in Object Clause: The Board approved a change in the company's main object clause on 19th January 2026 to include food processing and related activities.
5. Advance Against Transfer of Business: During the quarter ended 31st March 2026, the company received an advance of ₹300 lakhs from Canolli Manufacturing Private Limited pursuant to a Business Transfer Agreement (BTA) dated 11th December 2025. The total consideration for the slump sale of the business as a going concern is ₹425 lakhs.
6. Exceptional Items: Exceptional items of ₹1,610.25 lakhs for FY 2025-26 represent write-back of credit and debit balances related to group companies. The write-back was approved by the Board on 25th May 2026, with management confirming no interest/penal charges will be levied.
The auditor's opinion is not modified in respect of these matters.