Board Meeting Details

The Board of Directors meeting was held at the Registered Office on Thursday, 28th May, 2026, commencing at 11:30 AM and concluding at 12:40 PM.

Agenda Items Approved

1. Standalone Audited Financial Results for the 4th quarter and year ended 31st March, 2026, along with statement of Assets and Liabilities and Cash Flow Statement, as recommended by the Audit Committee.

2. Auditors Report with unmodified opinion by the Statutory Auditor on Standalone Audited Financial Results for the 4th quarter and year ended 31st March, 2026.

3. Declaration by Managing Director & Chief Executive Officer pursuant to Regulation 33(3)(d) of SEBI LODR Regulations, 2015 (Annexure-I).

4. Undertaking of non-applicability of Regulation 32 of SEBI LODR Regulations, 2015 (Annexure-II).

5. Compliance with SEBI Circular regarding outstanding defaults on loans and debt securities - confirmed no defaults as on 31-03-2026 (Annexure-III).

6. Format for Disclosure of Related Party Transactions for half-yearly filings (Annexure-IV).

7. Statement on impact of audit qualifications - not applicable (Annexure-V).

8. Appointment of M/s. Jain N K & Co., Chartered Accountant as Internal Auditor for FY 2026-2027 pursuant to Section 138 of Companies Act, 2013.

Financial Performance (Standalone, Rs. In Lakhs)

Quarterly Performance (Q4 FY26)
  • Total Income: ₹0.18 (Other Income only; No Net Sales/operations income)
  • Total Expenses: ₹3.84 (Employee benefits: ₹1.44; Other expenses: ₹2.40)
  • Loss before tax: ₹(3.66)
  • Net Loss after tax: ₹(3.66)
  • EPS: ₹(0.02)
Annual Performance (FY26)
  • Total Income: ₹3.72 (Other Income only; No Net Sales/operations income)
  • Total Expenses: ₹20.59 (Employee benefits: ₹6.27; Other expenses: ₹14.32)
  • Loss before tax: ₹(16.87)
  • Net Loss after tax: ₹(16.87)
  • EPS: ₹(0.08)
Comparative Annual Performance (FY25)
  • Total Income: ₹0.72
  • Total Expenses: ₹20.83
  • Loss before tax: ₹(20.11)
  • Net Loss after tax: ₹(20.11)
  • EPS: ₹(0.10)

Capital Structure

  • Paid-up equity share capital: ₹2,000.20 lakhs (Face value: ₹10.00)
  • Reserves (excluding Revaluation Reserve): ₹(1,883.72) as of 31-03-2026
  • Total Equity: ₹116.48 lakhs as of 31-03-2026

Balance Sheet Position (as of 31st March, 2026)

  • Total Assets: ₹133.91 lakhs
  • Non-current assets: ₹130.92 lakhs (primarily Other Non-current assets: ₹127.80 lakhs)
  • Current assets: ₹2.99 lakhs (Cash and cash equivalents: ₹2.18 lakhs; Other current financial assets: ₹0.81 lakhs)
  • Total Equity and Liabilities: ₹133.91 lakhs
  • Equity: ₹116.48 lakhs
  • Current liabilities: ₹17.43 lakhs (Other current liabilities)

Cash Flow Statement (FY26)

  • Cash flow from operating activities: ₹(1.94) lakhs
  • Cash flow from investing activities: ₹0.72 lakhs (Rent Received)
  • Cash flow from financing activities: ₹0.00
  • Net decrease in cash and cash equivalents: ₹(1.22) lakhs
  • Cash and cash equivalents at beginning: ₹3.40 lakhs
  • Cash and cash equivalents at end: ₹2.18 lakhs

Key Notes to Financial Statements

1. Financial statements prepared in accordance with Indian Accounting Standards (Ind AS).

2. Company engaged in Trading business with only one reportable segment.

3. No subsidiaries/associates/Joint Venture Companies.

4. Statutory Auditors issued unmodified opinion.

5. Accumulated losses exceed ninety percent of capital, but financial statements prepared on going concern basis.

6. No tax expense due to losses.

Related Party Transactions (FY26)

Total transactions: ₹3.18 lakhs, comprising:

  • Netra Bahadur Ranabhat (MD & CEO): ₹0.90 lakhs remuneration
  • Nikita Roy (Company Secretary): ₹1.22 lakhs remuneration
  • Sushma Rana (CFO): ₹0.72 lakhs remuneration
  • Director sitting fees: ₹0.34 lakhs total

Compliance Certifications

  • No deviation/variation in use of funds (no fund raising activities)
  • No outstanding defaults on loans and debt securities as on 31-03-2026
  • No qualified borrowings during FY26
  • Regulation 32 of SEBI LODR not applicable (no share issuances)

Publication and Availability

Results will be published in newspapers and are available on company website (www.tspiritualworld.com) and stock exchange websites (www.bseindia.com, www.cse-india.com).