Board Meeting Details

The meeting commenced at 5:00 PM and concluded at 6:45 PM on 27th May 2026.

Board Approvals

The Board considered and approved the following items:

  • Audited Standalone Financial Statements for the financial year ended 31st March 2026
  • Audited Standalone Financial Results for the quarter and financial year ended 31st March 2026
  • Auditor's Report on Standalone Financial Statements with confirmation of unmodified opinion
  • Re-appointment of Mr. Bhushan Adhatrao, Chartered Accountant, as Internal Auditor for FY2026-2027 pursuant to Section 138 of the Companies Act, 2013

Internal Auditor Appointment Details

  • Name: Mr. Bhushan Adhatrao
  • Appointment Date: 27th May 2026
  • Term: Financial year 2026-2027
  • Qualifications: Bachelor's Degree in Commerce from Mumbai University, member of ICAI since 2007
  • Profile: Proprietor of M/s. Bhushan Adhatrao & Co., practicing Chartered Accountant with 16 years of experience in Finance, Audit, GST and Taxation
  • Relationships: No relationships between directors

Financial Highlights

Balance Sheet as at 31st March 2026 (₹ in Lakhs):

  • Total Assets: 18.34 (Previous: 21.06)
  • Cash and Cash Equivalents: 17.12 (Previous: 20.20)
  • Equity Share Capital: 42.13 (Unchanged)
  • Other Equity: (84.87) (Previous: (79.87))
  • Total Equity: (42.74) (Previous: (37.74))
  • Non-current Borrowings: 60.02 (Previous: 55.05)
  • Current Liabilities: 1.06 (Previous: 3.75)

Financial Performance:

  • Net Loss for FY26: ₹4.92 lakhs
  • Accumulated Losses: ₹84.87 lakhs
  • Net Worth: ₹(42.74) lakhs (negative)

Going Concern Assessment

The financial statements have been prepared on a going concern basis despite significant doubt about the company's ability to continue as a going concern, based on:

1. Confirmations from lenders of unsecured loans indicating no intention to demand repayment within next 12 months

2. Comfort letter from promoter expressing continued financial support if required

3. Management's projected financial statements indicating expected improvement in operating results

Cash Flow Statement (₹ in Lakhs)

  • Net Cash Flow from Operating Activities: (2.53) (Previous: 2.32)
  • Net Cash Flow from Financing Activities: (0.55) (Previous: 2.50)
  • Net Decrease in Cash: (3.08) (Previous: Increase of 4.82)
  • Closing Cash Balance: 17.12 (Previous: 20.20)

Segment Information

The company has only one operating segment of trading, hence separate segment information is not disclosed.