Board Meeting Details

The Board of Directors meeting was held on Wednesday, 27th May 2026, commencing at 7:30 PM and concluding at 8:30 PM.

Key Board Approvals

1. Audited Financial Results: Approved audited standalone financial results for the quarter and financial year ended March 31, 2026, and took note of Statutory Auditors' Report issued by M/s. Mark & Co. Chartered Accountant (FRN: 142902W).

2. Regulatory Declaration: Submitted declaration pursuant to Regulation 33(3)(d) of SEBI LODR Regulations confirming unmodified audit opinion.

3. Internal Auditor Appointment: Based on Audit Committee recommendation, approved appointment of Ms. Harshaben Tolaram Bhagwani as Internal Auditor for financial year 2026-27. Her profile includes Master's degree in Commerce with accounts specialization and 5 years experience in accounting and taxation.

Financial Performance Highlights (Standalone)

Income Statement (₹ in lakhs):

  • Revenue from Operations: FY2026: ₹246.31 vs FY2025: ₹284.03
  • Interest Income: FY2026: ₹246.31 vs FY2025: ₹284.03
  • Total Income: FY2026: ₹246.31 vs FY2025: ₹284.03
  • Total Expenses: FY2026: ₹364.37 vs FY2025: ₹192.86
  • Employee benefits: ₹31.91
  • Finance Cost: ₹11.12
  • Depreciation: ₹0.12
  • Other Expenses: ₹321.22
  • Net Loss before tax: FY2026: (₹118.06) vs FY2025: ₹91.18
  • Tax Expense: Deferred Tax: ₹0.06; Earlier Tax Adjustments: ₹23.02
  • Net Loss after tax: FY2026: (₹141.14) vs FY2025: ₹91.04
  • EPS: Basic and diluted: (₹0.56) for FY2026 vs ₹0.36 for FY2025

Quarterly Performance (₹ in lakhs):

  • Q4 FY2026: Net Loss of (₹229.68)
  • Q3 FY2026: Net Profit of ₹0.45 (unaudited)
  • Q4 FY2025: Net Loss of (₹93.16)

Balance Sheet Position (as at 31st March 2026)

  • Total Assets: ₹2,908.62 lakhs (vs ₹2,839.46 lakhs in FY2025)
  • Financial Assets:
  • Inventories (Stock in Trade): ₹630.00 lakhs
  • Cash and Cash Equivalents: ₹8.06 lakhs
  • Other Bank Balances: ₹5.90 lakhs
  • Loans: ₹2,233.99 lakhs
  • Other Financial Assets: ₹0.05 lakhs
  • Non-Financial Assets: ₹37.11 lakhs (Current Tax Assets Net)
  • Equity: ₹2,540.44 lakhs (Share Capital) + ₹227.77 lakhs (Other Equity)
  • Liabilities:
  • Payables: ₹16.96 lakhs (micro enterprises) + ₹37.72 lakhs (other creditors)
  • Other Financial Liabilities: ₹102.31 lakhs

Cash Flow Statement

  • Operating Activities: Net cash used (₹117.78 lakhs)
  • Financing Activities: No cash flow
  • Investment Activities: Net cash generated ₹117.80 lakhs

Auditor's Report Emphasis Matters

1. Audit Trail Compliance: Unable to confirm whether the company maintained accounting software with audit trail feature as required under Rule 11(g) of Companies (Audit and Auditors) Rules, 2014 due to non-availability of complete information.

2. NBFC Registration Surrender: Company submitted application dated 4th May 2026 to RBI seeking voluntary surrender of its Certificate of Registration as NBFC, pending consideration as of report date.

Key Audit Matter

Loan Recoverability Assessment: ₹2.37 crore loan exposure to borrower undergoing Corporate Insolvency Resolution Process before NCLT. Assessment involves significant management judgment regarding future recoveries and realizable value of underlying assets.

Segment Information

Company has one segment only - Investment and Loan activities. Segment reporting not applicable.