Financial Performance Summary

Quarterly Performance (₹ in lakhs):

  • Q4 FY26: Revenue from operations ₹6,159.76, Net profit ₹4.29
  • Q3 FY25: Revenue from operations ₹3,995.96, Net loss ₹(30.15)
  • Q4 FY25: Revenue from operations ₹5,983.87, Net profit ₹4.15

Annual Performance (₹ in lakhs):

  • FY26: Total income ₹15,966.57, Net profit ₹9.55, EPS ₹0.16
  • FY25: Total income ₹28,258.08, Net profit ₹114.67, EPS ₹1.91
  • Revenue declined 43.7% year-over-year from ₹28,006.07 lakhs to ₹15,751.04 lakhs
  • Net profit declined 91.7% year-over-year from ₹114.67 lakhs to ₹9.55 lakhs

Key Financial Metrics

Profitability:

  • FY26 Profit before tax: ₹25.89 lakhs (FY25: ₹167.34 lakhs)
  • FY26 Tax expense: ₹16.34 lakhs (Current tax: ₹10.50 lakhs, Deferred tax: ₹5.84 lakhs)
  • Other Comprehensive Income: ₹(52.65) lakhs loss
  • Total Comprehensive Income: ₹(43.10) lakhs loss

Operational Costs:

  • Purchases of stock-in-trade: ₹14,481.80 lakhs
  • Employee benefits expense: ₹502.48 lakhs
  • Other expenses: ₹1,092.66 lakhs
  • Finance costs: ₹0.11 lakhs
  • Depreciation: ₹21.53 lakhs

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

  • Paid-up share capital: ₹600.00 lakhs (unchanged)
  • Other equity: ₹2,316.95 lakhs
  • Total assets: ₹6,818.36 lakhs
  • Non-current assets: ₹944.46 lakhs
  • Current assets: ₹5,873.90 lakhs (including inventories ₹399.58 lakhs, trade receivables ₹2,993.83 lakhs)
  • Current liabilities: ₹3,808.49 lakhs

Cash Flow Analysis:

  • Net cash outflow from operating activities: ₹(120.74) lakhs
  • Net cash inflow from investing activities: ₹361.89 lakhs
  • Net cash outflow from financing activities: ₹(126.93) lakhs
  • Net increase in cash: ₹114.22 lakhs
  • Cash and cash equivalents at year-end: ₹247.02 lakhs

Key Audit Matters

The independent auditor, KAMG & Associates (Firm Registration No. 311027E), identified one key audit matter:

Advances Sub Judice:

  • Advances recoverable include ₹742.37 lakhs from Tai Projects Private Limited
  • This advance relates to investment in a Family Entertainment Complex project at Nonadanga, Kolkata
  • The amount has been static for decades with very slow movement
  • Company has not obtained physical possession of the complex
  • Legal proceedings initiated against KMDA are pending before Calcutta High Court
  • Possibility of recovery appears remote as matter has been pending for over two decades
  • A credit balance of ₹307.84 lakhs exists against this advance

Emphasis of Matter

The auditor drew attention to Note 5/37 regarding reconciliation of deferred tax assets and liabilities being under process. Necessary adjustments, if any, will be made in the books of accounts when completed.

Corporate Governance

  • Declaration provided pursuant to Regulation 33(3)(d) of SEBI LODR Regulations
  • Digital signatures by Company Secretary Snigdha Khetan and Managing Director Rohan Ghosh (DIN: 00032965)
  • Audit committee and board approval obtained for results

Additional Information

  • Company registered office: 53A, Mirza Ghalib Street, 3rd Floor, Kolkata - 700 016
  • No dividend declared or paid during the year
  • No fraud reported or detected during the year
  • Company has adequate internal financial controls system