Key Quantitative Figures

Financial Results for Quarter Ended September 30, 2026:

  • Total Revenue from Operations: ₹0.26 lakh
  • Total Expenses: ₹3.92 lakh
  • Loss before tax: ₹(3.66) lakh
  • Other Comprehensive Income: ₹(17.33) lakh
  • Basic and Diluted EPS: ₹(0.08)
  • Paid-up Equity Share Capital: ₹434.86 lakh

Financial Results for Half Year Ended September 30, 2026:

  • Total Revenue from Operations: ₹0.63 lakh
  • Total Expenses: ₹7.43 lakh
  • Loss before tax: ₹(6.80) lakh
  • Other Comprehensive Income: ₹(49.58) lakh
  • Basic and Diluted EPS: ₹(0.16)

Comparative Figures (Quarter Ended September 30, 2025):

  • Total Revenue from Operations: ₹9.80 lakh
  • Loss before tax: ₹(0.62) lakh
  • Basic and Diluted EPS: ₹(0.01)

Balance Sheet Position (Half Year Ended September 30, 2026):

  • Total Assets: ₹1,140.16 lakh
  • Total Financial Assets: ₹1,140.16 lakh
  • Cash and cash equivalents: ₹8.25 lakh
  • Loans & Advances: ₹642.80 lakh
  • Investments: ₹183.82 lakh
  • Other financial assets: ₹305.29 lakh
  • Total Equity: ₹716.35 lakh
  • Equity share capital: ₹434.86 lakh
  • Other equity: ₹281.49 lakh
  • Total Liabilities: ₹423.81 lakh
  • Borrowings: ₹195.09 lakh
  • Other financial liabilities: ₹228.72 lakh

Cash Flow Statement (Half Year Ended September 30, 2026):

  • Net cash inflow from operating activities: ₹2.14 lakh
  • Net cash inflow from investing activities: ₹0.63 lakh
  • Net increase in cash & cash equivalents: ₹2.77 lakh
  • Cash & cash equivalents at beginning: ₹5.48 lakh
  • Cash & cash equivalents at end: ₹8.25 lakh

Statutory Dues:

  • Unpaid statutory dues exceeding ₹2.23 crore outstanding for more than six months

Dates of Action

  • Board Meeting Date: October 30, 2026
  • Meeting Commencement: 11:00 a.m.
  • Meeting Conclusion: 05:15 p.m.
  • Effective date of Dilip Vardhan's appointment: October 30, 2026
  • Financial period ended: September 30, 2026

Parties Involved

  • Board of Directors of Vardhan Capital and Finance Limited
  • A. M. Mandavkar & Co, Chartered Accountants (Firm Registration No. 154807W) - appointed as Internal Auditor
  • JMT & Associates, Chartered Accountants (FRN No. 104167W) - statutory auditors who conducted limited review
  • Mr. Dilip Vardhan (DIN: 00207420) - appointed as Additional Non-Executive Director
  • BSE Limited - receiving exchange

Purpose or Rationale

The Board meeting was convened to approve quarterly financial results, appoint internal auditor, and appoint additional director as part of normal corporate governance procedures.

Financial Impact Disclosure

The company disclosed material liquidity issues affecting its ability to pay statutory dues, with over ₹2.23 crore outstanding for more than six months. The company is in the process of regularizing returns with RBI and compliance with regulatory bodies.

Capital Structure Impact

No change in paid-up equity share capital reported. Equity reduced from ₹765.93 lakh (March 31, 2026) to ₹716.35 lakh (September 30, 2026) due to accumulated losses.

Auditor Emphasis of Matter

The statutory auditors highlighted in their limited review report that the company is facing liquidity issues resulting in non-payment of statutory dues exceeding ₹2.23 crore for more than six months. The company is undergoing RBI regularization process. Management represents these as temporary issues with all loans and advances being recoverable in full.

Governance Changes

  • Appointment of Mr. Dilip Vardhan (DIN: 00207420) as Additional Non-Executive Director liable to retire by rotation
  • Appointment of A. M. Mandavkar & Co as Internal Auditor for financial year 2026-2027

Additional Director Information

Mr. Dilip Vardhan (DIN: 00207420) provided consent to act as director with following details:

  • Full Name: Dilip Babulal Vardhan
  • Father's Name: Babulal Vardhan
  • Address: A/10 Arvind Kunj, 5th Floor, Opp. A C Market, Tardeo, Tulsiwadi, Mumbai 400034
  • Mobile: 9820904446
  • PAN: AAAPV5348N
  • Occupation: Business
  • Date of Birth: April 8, 1972
  • Nationality: Indian
  • Existing directorships: 3 companies (Pahlajani Developers Private Limited, Diwali Mercantile Private Limited, Flower Queen Builders Private Limited)