Key Financial Figures

Balance Sheet Position (as at March 31, 2026)

  • Total Assets: ₹1.91 lakh (Previous year: ₹1.46 lakh)
  • Non-current Assets: ₹0.10 lakh (Security deposit)
  • Current Assets: ₹1.81 lakh (Cash: ₹0.67 lakh, Other current assets: ₹1.14 lakh)
  • Total Equity: Negative ₹7.41 lakh (Previous year: Negative ₹3.75 lakh)
  • Equity Share Capital: ₹1.00 lakh (1,00,000 shares of ₹1 each)
  • Other Equity: Negative ₹8.41 lakh (accumulated losses)
  • Current Liabilities: ₹9.32 lakh (Previous year: ₹5.21 lakh)
  • Borrowings: ₹6.22 lakh (unsecured, from related parties)
  • Trade payables to micro and small enterprises: ₹1.19 lakh
  • Other financial liabilities: ₹1.73 lakh
  • Other current liabilities: ₹0.18 lakh

Profit and Loss (for year ended March 31, 2026)

  • Finance costs: ₹0.65 lakh (Interest expense: ₹0.55 lakh)
  • Other expenses: ₹3.00 lakh
  • Brand License and Strategic Service Fees: ₹1.00 lakh
  • Remuneration to auditors: ₹1.75 lakh (Statutory audit: ₹0.90 lakh, Other services: ₹0.85 lakh)
  • Other expenses: ₹0.25 lakh
  • Loss before tax: ₹3.66 lakh (Previous year: ₹2.85 lakh)
  • Net loss after tax: ₹3.66 lakh (Previous year: ₹2.85 lakh)
  • Earnings per share: Negative ₹3.66 (Basic and diluted)

Cash Flows (for year ended March 31, 2026)

  • Net cash used in operating activities: ₹2.42 lakh
  • Net cash from financing activities: ₹2.34 lakh (proceeds from short-term borrowings)
  • Net decrease in cash: ₹0.09 lakh
  • Cash and equivalents at year-end: ₹0.67 lakh

Key Operational Highlights

  • Company incorporated on October 10, 2023, for business activities in metal and mining sector
  • No revenue generated during FY26 or FY25
  • No property, plant, equipment, or inventory held during the period
  • Company incurred cash losses of ₹3.66 lakh (FY26) and ₹2.85 lakh (FY25)
  • No employees during the period

Related Party Transactions

  • Brand License Fees: Paid ₹1.00 lakh to Vedanta Resources Investments Limited
  • Borrowings: Short-term borrowings of ₹6.22 lakh from Vedanta Limited at 8.97% interest
  • Accrued Interest: ₹0.88 lakh payable to Vedanta Limited

Audit and Compliance

  • Auditors: Haribhakti & Co. LLP (ICAI Firm Registration No. 103523W/W100048)
  • Audit opinion: Unqualified opinion issued
  • Internal financial controls: Adequate and operating effectively
  • No pending litigations or material foreseeable losses
  • No fraud reported during the year
  • No dividends declared or paid
  • No statutory dues outstanding for more than six months

Subsequent Events

Pursuant to a Scheme of Arrangement approved by the National Company Law Tribunal:

  • Demerger of Vedanta Limited's Iron Ore business into Vedanta Iron and Steel Limited
  • Effective date approved as May 1, 2026 (post reporting period)
  • This is disclosed as a non-adjusting subsequent event in accordance with Ind AS 10

Capital Structure

  • Authorized share capital increased to 44,02,01,00,000 equity shares of ₹1 each and 3,01,00,00,000 preference shares of ₹10 each
  • Issued, subscribed and paid-up capital: 1,00,000 equity shares of ₹1 each
  • 100% shareholding by Vedanta Limited and its nominees