The Board considered and approved the Unaudited Standalone Financial Results of the Company for the quarter ended 30th June, 2026, prepared in accordance with Regulation 33 of the SEBI LODR Regulations. The financial results were accompanied by a Limited Review Report issued by the company's statutory auditors, M/s. Chandabhoy & Jassoobhoy, Chartered Accountants (Firm Registration No. 101648W).
Financial Results Highlights (Quarter Ended 30th June, 2026)
- Revenue from operations: ₹0.00 lakhs
- Other Income: ₹10.00 lakhs
- Total Income: ₹10.00 lakhs
- Total Expenses: ₹31.16 lakhs
- Employee Benefit Expense: ₹6.82 lakhs
- Finance cost: ₹0.15 lakhs
- Depreciation & amortization: ₹1.39 lakhs
- Other Expenditure: ₹22.80 lakhs
- Profit/(Loss) before tax: (₹21.16) lakhs
- Tax expense: ₹0.00 lakhs
- Profit (Loss) for the period: (₹21.16) lakhs
- Total Comprehensive Income for the period: (₹21.16) lakhs
- Paid up equity share capital: ₹4740.48 lakhs
- Face value of equity share: ₹1.00
- Earnings Per Share (Basic): (₹0.00)
- Earnings Per Share (Diluted): (₹0.00)
Comparative Figures
For quarter ended 30th June, 2025:
- Revenue from operations: ₹2.25 lakhs
- Other Income: ₹130.00 lakhs
- Total Income: ₹132.25 lakhs
- Profit/(Loss) for the period: ₹38.28 lakhs
- EPS (Basic): ₹0.01
- EPS (Diluted): ₹0.01
For quarter ended 31st March, 2026:
- Revenue from operations: ₹0.00 lakhs
- Other Income: ₹105.50 lakhs
- Total Income: ₹105.50 lakhs
- Profit/(Loss) for the period: ₹53.36 lakhs
- EPS (Basic): ₹0.01
- EPS (Diluted): ₹0.01
Auditor's Limited Review Report Disclaimer
The statutory auditors issued a disclaimer of opinion on the financial results, citing eight material issues that prevent them from expressing an opinion:
1. GST Credit Receivable: Balance pending GST reconciliation with the GST Online Portal not provided, affecting accuracy of GST Input Credit and government liability.
2. MSME Classification: Significant trade payables lack bifurcation between Micro, Small, and Medium Enterprises creditors, non-compliant with MSMED Act, 2006.
3. Advances to Suppliers: Advances remain unconfirmed, raising concerns about reliability and completeness of reported liabilities.
4. Fixed Assets Register: Company has not maintained a Fixed Assets Register, preventing verification of completeness, existence, and status of fixed assets.
5. Bank Balances: Unable to obtain sufficient audit evidence as management did not provide relevant bank statements and bank reconciliation statements.
6. Inventory Verification: No supporting evidence provided for ownership/lease of storage premises; no documentary evidence for immovable property; physical verification not permitted.
7. TDS Receivable: Management did not provide TDS certificates, reconciliations, and supporting documents for verification.
8. Unsecured Loans: Management has not charged interest, and relevant loan agreements are not available. Confirmations for remaining balances not obtained.
The auditors concluded that these matters may have a material and pervasive impact on the financial position for the quarter ended 30th June, 2026.
Additional Notes
1. The company has only one reportable business segment and one reportable geographic segment.
2. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on 11th August, 2026.
3. Results prepared in accordance with Companies (Indian Accounting Standard) Rule, 2015 under Section 133 of Companies Act, 2013 and SEBI LODR Regulations.
4. Previous period figures have been regrouped/rearranged where necessary.