Board Meeting Details

The Board meeting was held at the company's Registered Office in Mumbai. It commenced at 2:00 PM and concluded at 3:30 PM on 12th August 2026.

Agenda Items Approved

1. Un-Audited Standalone Financial Results of the Company for the quarter ended 30th June 2026

2. Standalone Limited Review Report issued by the Statutory Auditors for the quarter ended 30th June 2026

Financial Results Overview

Income Statement (Amounts in ₹ Lakhs)

Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from Operations: Not disclosed/Zero
  • Other Income: Not disclosed/Zero
  • Total Income: Not disclosed/Zero

Expenses:

  • Employee benefits expense: ₹2.00
  • Finance Cost: ₹1.13
  • Other Expenses: ₹2.97
  • Total Expenses: ₹6.10

Profit/(Loss):

  • Profit/(Loss) Before Tax: (₹6.10)
  • Tax expense: Zero
  • Profit/(Loss) for the period: (₹6.10)
  • Total Comprehensive Income for the period: (₹6.10)

Earnings Per Share (Face value ₹10 each):

  • Basic EPS: (₹4.21)
  • Diluted EPS: (₹4.21)

Comparative Financials

Quarter Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹17.91
  • Total Income: ₹17.91
  • Profit Before Tax: ₹11.73
  • Profit for the period: ₹11.73
  • Basic EPS: ₹8.10
  • Diluted EPS: ₹8.10

Quarter Ended June 30, 2025 (Unaudited):

  • Profit/(Loss) for the period: (₹5.23)
  • Basic EPS: (₹3.61)
  • Diluted EPS: (₹3.61)

Year Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹17.91
  • Other Income: ₹0.25
  • Total Income: ₹18.16
  • Profit/(Loss) for the year: (₹5.00)
  • Basic EPS: (₹3.45)
  • Diluted EPS: (₹3.45)

Critical Financial Position Disclosure

The company disclosed a net loss of ₹6.10 lakhs for the quarter ended June 30, 2026. As of this date, the company has accumulated losses amounting to ₹90.98 lakhs. These conditions raise significant doubt about the company's ability to continue as a going concern.

Mitigating Factors for Going Concern

Notwithstanding the financial distress, the financial results have been prepared on a going concern basis based on:

1. Confirmations received from lenders of unsecured loans indicating they do not intend to demand repayment until 31st March 2027

2. A comfort letter from the promoter expressing continued financial support if required

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

Auditor's Review Report

Bilimoria Mehta & Co (FRN: 101490W) conducted a limited review of the financial results pursuant to Regulation 33 of SEBI LODR Regulations. Partner Aakash Mehta (Membership no. 165824) signed the report.

Emphasis of Matter

The auditors highlighted the going concern uncertainty in their report, noting:

  • Net loss of ₹6.10 lakhs for the quarter
  • Accumulated losses of ₹90.98 lakhs as of June 30, 2026
  • Negative net worth of ₹42.74 lakhs

The auditors acknowledged management's mitigating factors but stated these conditions indicate material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.

Additional Information

  • The financial results were prepared in accordance with Indian Accounting Standards (Ind AS)
  • The company operates in a single business segment of trading
  • The Audit Committee reviewed the financial results on August 12, 2026, before board approval
  • Previous period figures have been regrouped/reclassified for comparison
  • The company's CIN is L15400MH1986PLC255807