Key Quantitative Figures
- Standalone Financial Performance (FY 2025-26):
- Total Turnover: ₹0.00 lakhs
- Other Income: ₹0.59 lakhs
- Depreciation: ₹0.37 lakhs
- Loss Before Tax: ₹(16.87) lakhs
- Net Loss: ₹(16.87) lakhs
- EPS (Basic): ₹(0.04)
- Consolidated Financial Performance (FY 2025-26):
- Total Turnover: ₹0.00 lakhs
- Other Income: ₹0.59 lakhs
- Depreciation: ₹1.57 lakhs
- Loss Before Tax: ₹(37.02) lakhs
- Net Loss: ₹(37.02) lakhs
- Share Capital: ₹3,941.42 lakhs (39,414,210 equity shares of ₹10 each)
- Investments: ₹652.79 lakhs (including quoted investments of ₹78.17 lakhs and unquoted investments of ₹574.62 lakhs)
- Loans & Advances: ₹1,098.57 lakhs
- Other Non-current Financial Assets: ₹1,471.99 lakhs
- Trade Receivables (over 6 months): ₹685.73 lakhs
- Cash & Cash Equivalents: ₹2.44 lakhs
Dates of Action
- AGM Date: September 30, 2026 at 12:00 PM IST
- Record Date for AGM: September 23, 2026
- E-voting Period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
- Board Meetings Held: 6 meetings on 27.05.2025, 14.08.2025, 14.11.2025, 22.12.2025, 13.02.2026, 23.03.2026
- Financial Year: April 1, 2025 to March 31, 2026
Parties Involved
- Stock Exchanges: BSE Limited, Calcutta Stock Exchange Limited
- Registrar & Share Transfer Agent: Bigshare Services Private Limited
- Statutory Auditors: M/s MJRA & Associates (FRN: 013850N)
- Secretarial Auditor: M/s Chandan J & Associates (Chandan Jha)
- Internal Auditor: Chandni Singla & Associates
- Scrutinizer for E-voting: Mr. Shiva Nishad, Chartered Accountant
Business Items for AGM
1. Adoption of audited standalone and consolidated financial statements for FY 2025-26
2. Re-appointment of Ms. Ashima Gupta (DIN: 07795866) as Executive Director retiring by rotation
3. Appointment of M/s MJRA & Associates as Statutory Auditors for 5 years (FY 2026-27 to 2030-31) at remuneration to be mutually agreed
Financial and Operational Impact
- The company reported losses for the year with no revenue from operations
- No dividend recommended due to losses
- No change in share capital structure during the year
- Company plans to expand into emerging technologies (AI, cybersecurity, robotics) and green technology (hydrogen fuel, EVs, waste-to-energy)
Capital Structure Impact
No change in share capital during the year. Paid-up capital remains at ₹3,941.42 lakhs.
Cash Flow Implications
- Net cash used in operating activities: ₹(13.72) lakhs (standalone)
- Net decrease in cash and cash equivalents: ₹(0.97) lakhs (standalone)
Key Management Changes
- CFO Changes: Mr. Manish Kumar (ceased 31.07.2025), Mr. Adarsh Agarwal (appointed 14.08.2025, ceased 14.11.2025), Mr. Sunil Sharma (appointed 10.04.2026)
- Company Secretary Changes: Ms. Himanshi Rawat (ceased 01.04.2025), Ms. Rolly Tiwari (appointed 27.05.2025, ceased 22.12.2025), Ms. Manju (appointed 23.03.2026, ceased 29.05.2026)
Governance Highlights
- Board Composition: 1 Managing Director, 1 Executive Director, and 3 Non-Executive Directors (including 1 woman independent director)
- Secretarial Audit Qualifications:
- Two independent directors (Venu Gopal Reddy and Ashish Gupta) not registered with IICA data bank
- Composition of Board, Audit Committee and Nomination & Remuneration Committee not properly constituted due to ineligible independent directors
- Vacancy in Company Secretary position for 3 months (exceeding SEBI timeline)
- Vacancy in CFO position for 3 months (exceeding SEBI timeline)
- Related Party Transactions: All transactions reported to be on arm's length basis in ordinary course of business
Subsidiaries
- Retails Information Systems Pty Ltd (Foreign Wholly Owned Subsidiary)
- Niskarsh Properties Pvt Ltd (Wholly Owned Subsidiary)
- Zeal Appartment LLP (Subsidiary)
Contingent Exposure
- Outstanding unsecured loan from IKF Technology Ltd. (currently undergoing insolvency proceedings under IBC, 2016)
- Management represents no demand for immediate repayment and terms remain unchanged, but outcome of insolvency proceedings may impact future settlement