Financial Results Overview

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹0
  • Other income: ₹0
  • Total income: ₹0
  • Total expenses: ₹3.79 lakhs
  • Profit before tax: Loss of ₹3.79 lakhs
  • Tax expense: ₹0
  • Net loss for the quarter: ₹3.79 lakhs
  • Earnings per share (basic and diluted): Loss of ₹0.01

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹0
  • Other income: ₹0
  • Total income: ₹0
  • Total expenses: ₹6.50 lakhs
  • Profit before tax: Loss of ₹6.50 lakhs
  • Tax expense: ₹0
  • Net loss for the period: ₹6.50 lakhs
  • Earnings per share (basic and diluted): Loss of ₹0.03

Comparative Figures (Previous Year):

  • Quarter ended September 30, 2025: Net loss of ₹5.57 lakhs
  • Year ended March 31, 2026: Net loss of ₹57.40 lakhs

Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹170.22 lakhs
  • Current assets: ₹170.22 lakhs
  • Cash and cash equivalents: ₹1.64 lakhs
  • Other current assets: ₹168.58 lakhs
  • Non-current assets: ₹0
  • Equity and Liabilities:
  • Total equity: Negative ₹825.61 lakhs
  • Equity share capital: ₹2,625.58 lakhs (face value ₹1 per share)
  • Other equity: Negative ₹3,451.19 lakhs
  • Non-current liabilities: ₹650.74 lakhs (financial liabilities)
  • Current liabilities: ₹345.10 lakhs (other current liabilities)
  • Total liabilities: ₹995.84 lakhs

Cash Flow Statement

Half Year Ended September 30, 2026:

  • Net cash used in operating activities: ₹83.21 lakhs
  • Net loss before tax: ₹6.80 lakhs
  • Increase in other current assets: ₹0.47 lakhs
  • Increase in other current liabilities: ₹78.95 lakhs
  • Cash and cash equivalents opening balance: ₹1.64 lakhs
  • Cash and cash equivalents closing balance: ₹1.64 lakhs

Key Notes and Additional Information

1. The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting on November 13, 2026.

2. The company had been suspended by BSE Limited with effect from May 3, 2018. The company filed Appeal No. 427 of 2025 with Miscellaneous Application No. 1278 of 2025 before the Securities Appellate Tribunal (SAT). Pursuant to SAT's order dated July 14, 2026, BSE Limited was directed to relist the company and permit trading in its securities.

3. The company has adopted Indian Accounting Standards (Ind AS) from April 1, 2017, and the financial results have been prepared following Ind AS recognition and measurement principles.

4. The company is engaged in trading activities and has only one reportable operating segment in accordance with Ind AS 108.

5. Investor complaints: Nil pending at beginning of quarter, Nil received during quarter, Nil disposed during quarter, Nil remaining unresolved at end of quarter.

6. Paid-up equity share capital remains unchanged at ₹2,625.58 lakhs (26,255,800 shares of ₹1 face value each).

Auditor's Review

Lipika and Associates, Chartered Accountants, issued a limited review report confirming that the unaudited financial results have been prepared in accordance with Ind AS 34 and SEBI Listing Regulations. The review did not identify any material misstatements in the financial results.