Board Meeting Details

The Board Meeting commenced at 05:30 p.m. and concluded at 06:00 p.m. on May 26, 2026.

Key Matters Approved

1. Audited Standalone Financial Results

  • The Board approved the Audited Standalone Financial Results for the quarter and financial year ended March 31, 2026.
  • Statutory Auditors M/s. B. M. Gattani & Co., Chartered Accountants, issued an Audit Report with an unmodified opinion.
  • Declaration pursuant to Regulation 33(3)(d) of SEBI Listing Regulations was enclosed.

2. Appointment of Internal Auditor

  • Based on Audit Committee recommendation, the Board approved appointment of M/s. Akash Prajapati and Company, Chartered Accountants as Internal Auditors.
  • Term: Financial years 2025-26 and 2026-27.
  • Details as required under Regulation 30 of Listing Regulations read with Part A of Schedule III and SEBI Master Circular dated January 30, 2026 were enclosed.

Financial Results Analysis

Income Statement (₹ in Lakhs)

Quarter Ended March 31, 2026:

  • Revenue from Operations: ₹15.00
  • Other Income: ₹0.00
  • Total Income: ₹15.00
  • Total Expenses: ₹2.19
  • Profit before tax: ₹12.80
  • Tax Expenses: ₹0.00
  • Profit for the period: ₹12.80
  • Other Comprehensive Income: ₹0.00
  • Total Comprehensive Income: ₹12.80

Year Ended March 31, 2026:

  • Revenue from Operations: ₹0.00
  • Other Income: ₹15.00
  • Total Income: ₹15.00
  • Total Expenses: ₹27.86
  • Loss before tax: ₹(12.86)
  • Tax Expenses: ₹0.00
  • Loss for the period: ₹(12.86)
  • Other Comprehensive Income: ₹0.00
  • Total Comprehensive Income: ₹(12.86)

Earnings Per Share (Face Value ₹10/- each)

  • Basic EPS: (₹0.089) for year ended March 31, 2026
  • Diluted EPS: (₹0.089) for year ended March 31, 2026

Balance Sheet Position as at March 31, 2026 (₹ in Lakhs)

  • Equity Share Capital: ₹1,432.28
  • Other Equity: ₹(1,520.73)
  • Total Equity: ₹(88.45)
  • Non-current Borrowings: ₹103.49
  • Current Trade Payables: ₹1.63
  • Other Current Liabilities: ₹2.76
  • Total Liabilities: ₹107.89
  • Total Assets: ₹19.44

Cash Flow Statement for Year Ended March 31, 2026 (₹ in Lakhs)

  • Net cash outflow from operating activities: ₹(27.69)
  • Net cash outflow from investing activities: ₹0.00
  • Net cash inflow from financing activities: ₹0.00
  • Net decrease in cash and cash equivalents: ₹(27.69)
  • Cash and cash equivalents at year end: ₹0.44 (Bank Balances)

Auditor's Report Details

  • Auditors: B.M. Gattani & Co., Chartered Accountants (Firm Reg. No 113536W)
  • Partner: Balmukund Gattani (Membership No. 47066)
  • UDIN: 26047066BEINCU3747
  • Opinion: Unmodified opinion issued on May 26, 2026
  • The results for Q4 March 2026 represent the balancing figure between audited full year figures and published unaudited year-to-date figures up to Q3.

Internal Auditor Appointment Details

  • Name: Akash Somaram Prajapati, Proprietor of M/s. Akash Prajapati and Company
  • Experience: Chartered Accountant with over 5 years of experience in auditing
  • Specialization: Financial statement audits, compliance, and internal controls
  • Date of Appointment: May 26, 2026
  • Term: Financial years 2025-26 and 2026-27

Additional Notes from Financial Statements

  • The company does not have any subsidiary, associate, or joint venture entity
  • Financial statements prepared in accordance with Indian Accounting Standards (Ind AS)
  • Company operates a single primary business segment
  • Deferred Tax Assets not recognized due to no virtual certainty of future taxable income
  • Previous period figures have been regrouped/rearranged for current period classification