Nature of the Disclosure

Regulatory filing pursuant to SEBI Listing Regulations (Regulation 30 and Regulation 33) regarding the outcome of the Board of Directors meeting held on May 26, 2026. The Board approved the audited financial results for the quarter and year ended March 31, 2026.

Key Financial Figures (Amounts in ₹ Lakhs)

For the Quarter Ended March 31, 2026 (Audited):

  • Total Income: ₹11.13
  • Total Expenses: ₹1.55
  • Profit Before Tax: ₹9.58
  • Net Profit for the Period: ₹9.58
  • Basic Earnings Per Share (EPS): ₹3.99

For the Year Ended March 31, 2026 (Audited):

  • Total Income: ₹0.18 (compared to ₹0.18 in FY25)
  • Total Expenses: ₹6.99 (compared to ₹8.72 in FY25)
  • Profit Before Tax: ₹4.16 (compared to a loss of ₹8.54 in FY25)
  • Net Profit for the Period: ₹4.16 (compared to a loss of ₹8.54 in FY25)
  • Basic Earnings Per Share (EPS): ₹1.73 (compared to a loss per share of ₹3.56 in FY25)
  • Paid-up Equity Share Capital: ₹24.00 (unchanged from FY25)
  • Other Equity: ₹(1,850.63) (compared to ₹(1,854.80) in FY25)
  • Total Equity: ₹(1,826.63) (compared to ₹(1,830.80) in FY25)

Balance Sheet Highlights as of March 31, 2026:

  • Inventories: ₹797.20 (₹796.02 in FY25)
  • Cash and Cash Equivalents: ₹0.84 (₹0.26 in FY25)
  • Other Current Assets: ₹426.28 (₹440.13 in FY25)
  • Total Current Assets: ₹1,224.31 (₹1,236.83 in FY25)
  • Total Assets: ₹1,224.31 (₹1,240.63 in FY25)
  • Trade Payables (other than micro enterprises): ₹0.73 (₹9.15 in FY25)
  • Other Financial Liabilities: ₹0.15 (₹11.25 in FY25)
  • Other Current Liabilities: ₹3,050.07 (₹3,051.03 in FY25)
  • Total Current Liabilities: ₹3,060.95 (₹3,071.43 in FY25)

Cash Flow Statement for FY26

  • Net Cash Generated from Operating Activities: ₹0.77
  • Net Cash Used in Investing Activities: ₹3.89
  • Net Cash Used in Financing Activities: ₹(0.05)
  • Net Increase in Cash and Cash Equivalents: ₹0.58

Material Events and Notes

Note 3 - Litigation and Deferred Revenue (Kandivali Property):

The Company entered into a Deed of Assignment dated April 26, 2019, for the assignment of its rights in a property held as stock-in-trade at Kandivali (East). The Company is impleaded in ongoing litigation before the Hon'ble Bombay High Court concerning the title and rights of this property. The assignee has allegedly committed defaults/non-fulfilment of contractual obligations. The Company has issued notices to the assignee to comply and clear outstanding dues. Due to these continuing disputes and significant uncertainties, revenue recognition under Ind AS 115 has been deferred until the performance obligations are fulfilled and the disputes are resolved.

Note 4 - Going Concern:

The financial statements have been prepared on a going concern basis based on estimated future cash flow projections and business prospects, despite the Company's net worth being negative as of March 31, 2026 (₹(1,826.63) lakhs).

Declaration

A declaration under Regulation 33(3)(d) of the SEBI LODR Regulations, 2015, confirming the unmodified audit opinion was submitted to BSE Limited.