Summary of Key Information:

Reporting Period (Quarter/Year): Year ended March 31, 2026

Nature of Filing / Announcement: Audited Financial Results under SEBI Listing Regulations

Date of Board Meeting / Approval: May 29, 2026

Audit Opinion: Adverse opinion

Auditor's Comment: Questioned going concern assumption due to accumulated losses eroding net worth and factory closure since August 2017

Key Financial Highlights [Indian Rupees in Hundreds]:

Standalone Results:

Revenue from Operations: ₹0 (both current and previous year)

Total Income: ₹376 (FY26) vs ₹69,543 (FY25)

Net Profit: (Loss) of ₹(14,88,994) (FY26) vs ₹(15,47,830) (FY25)

EPS: (₹3.26) (FY26) vs (₹3.39) (FY25)

Other Equity: Negative ₹(2,39,25,498) (FY26) vs Negative ₹(2,25,00,634) (FY25)

Financial Position as of March 31, 2026:

Total Assets: ₹16,70,526

Current Assets: ₹7,07,120

  • Inventories: ₹86,403
  • Financial Assets: ₹4,70,003
  • Trade Receivables: ₹577
  • Cash and Cash Equivalents: ₹0
  • Bank Balance other than cash equivalents: ₹588
  • Other current assets: ₹149,549

Total Equity: Negative ₹(1,93,57,878)

  • Equity Share Capital: ₹45,67,620 (face value ₹10 each)
  • Other Equity: Negative ₹(2,39,25,498)

Liabilities:

Non-Current Liabilities: ₹18,50,166

  • Financial Liabilities: ₹11,65,730
  • Borrowings: ₹6,84,436
  • Provisions: Not specified

Current Liabilities: ₹1,91,78,238

  • Financial Liabilities: ₹26,47,564
  • Borrowings: ₹55,82,544
  • Trade Payables: ₹97,77,191
  • Other Financial Liabilities: ₹10,77,075
  • Other current liabilities: ₹93,864
  • Provisions: Not specified

Corporate Actions:

Not Specified

Other Significant Information:

Accumulated losses: ₹250.04 crore as of March 31, 2026

Net worth: Negative ₹193.58 crore as of March 31, 2026

Factory has not operated since August 2017

Company is under rehabilitation period monitored by Monitoring Agency

Company exploring business diversification and fresh investment for revival

Lease agreement for manufacturing facilities was cancelled after TIDCO directive

Contingent Liabilities:

1. Commercial Tax Department demand of ₹1,86,088 for Additional Sales Tax (FY 2000-2002) - judgement received favoring company

2. Sales Tax department demand of ₹22,950 for non-submission of 'C' Forms

3. Customs Authority demand of ₹102,067 for classification difference of Optical Fibre

4. Stock exchange penalties: ₹47,766 (2018-19) and ₹38,373 (2019-20)

Notes to Financial Results:

  • Accounts prepared on going concern basis anticipating financial support from holding company TCIL
  • No deferred tax assets/liabilities recognized due to uncertainty of future taxable income
  • Amount due to Fujikura Ltd (₹2,19,421) and trade receivables not recognized at fair value
  • Balances of debtors, creditors subject to confirmation
  • No provision made for long pending debtor of ₹3,45,951 pending court proceedings
  • Insurance claim of ₹48,970 for theft at factory declined by New India Assurance Company

Financial Ratios [Indian Rupees in Hundreds]:

Current ratio: 3.69% (FY26) vs 4.04% (FY25)

Debt-equity ratio: -19.70% (FY26) vs -18.91% (FY25)

Debt service coverage ratio: -29.67% (FY26) vs -33.56% (FY25)

Return on equity ratio: 7.99% (FY26) vs 9.03% (FY25)

Return on capital employed: 1.85% (FY26) vs 2.20% (FY25)

Cash Flow Statement [Indian Rupees in Hundreds]:

Net cash used in operating activities: ₹(4,37,494)

Net cash from investing activities: ₹376

Net cash from financing activities: ₹4,22,601

Net decrease in cash equivalents: ₹(30,164)

Cash equivalents at year end: ₹30,741