Board Meeting Details
The meeting was originally scheduled for May 22, 2026 but was adjourned due to ongoing deliberations and pending conclusion of agenda items. The reconvened meeting was held on May 23, 2026 from 4:00 PM to 4:35 PM at the Registered Office of the Company at Gn-38/5, Anaya Chambers, 9th Floor Salt Lake, Sector-5, Kolkata-700091.
Agenda Items and Outcomes
1. Audited Financial Results
The Board of Directors considered and approved the Audited Financial Results along with Independent Auditors Report for the quarter and year ended March 31st, 2026 pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015.
Financial Highlights (Year Ended March 31, 2026):
- Total Income: ₹1,552.57 lakhs
- Total Expenses: ₹1,622.36 lakhs
- Loss Before Tax: ₹(69.79) lakhs
- Tax Expense: ₹(4.69) lakhs (taxes for earlier year)
- Net Loss for the Year: ₹(74.48) lakhs
- Basic Earnings Per Share: ₹(0.31)
- Diluted Earnings Per Share: ₹(0.31)
- Paid-up Equity Share Capital: ₹2,435.85 lakhs (Face value ₹10 per share)
- Other Equity: ₹(396.11) lakhs
Balance Sheet Position (As at March 31, 2026):
- Total Assets: ₹3,992.58 lakhs
- Total Equity: ₹2,039.74 lakhs
- Non-current Financial Liabilities: ₹1,437.19 lakhs (borrowings)
- Current Financial Liabilities: ₹514.49 lakhs (trade payables)
- Cash and Cash Equivalents: ₹3.92 lakhs
2. Statement of Deviation or Variation under Regulation 32
The Board discussed compliance with Regulation 32 of SEBI (LODR) Regulations, 2015 and concluded it is not applicable to the company as the company has not issued any shares by way of Public Issue, Right Issue or Preferential Issue.
3. Resignation of Independent Director
The Board took note of the resignation of Ms. Geeta Devi (DIN: 10313906), Independent Director of the Company, effective April 11, 2026 due to personal reasons and unavoidable circumstances.
Additional Compliance
An undertaking was submitted confirming non-applicability of Regulation 32 of SEBI (LODR) Regulations, 2015 for the quarter and year ended March 31st, 2026, as the company has not issued any shares by way of public issue, right issue, or preferential issue.