Board Meeting Outcome

The Board of Directors meeting was held on Friday, May 29, 2026, from 02:00 P.M. to 5:00 P.M. The Board considered and approved the following items:

  • The Audited Standalone Financial Results for the quarter and year ended March 31, 2026 (Regulation 33).
  • The Audit Report with unmodified opinion on the Standalone Financial Results for the quarter and year ended March 31, 2026.
  • Audited Standalone Statement of Assets and Liabilities for the half year ended March 31, 2026 (Regulation 33(3)(f)).
  • Audited Standalone Cash Flow Statements for the half year ended March 31, 2026 (Regulation 33(3)(g)).
  • Declaration of unmodified opinion on Auditor's Report on Annual Standalone Financial Results for the year ended March 31, 2026 (Regulation 33(3)(d)).
  • Submission of details of Outstanding Qualified Borrowings, confirming the company is not a Large Corporate as per SEBI Circular No. SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 dated October 19, 2023.

Financial Results Highlights (Amounts in ₹ Crores, unless stated otherwise)

For the Year Ended March 31, 2026:

  • Total Income: ₹10.37
  • Total Expenses: ₹6.85
  • Profit Before Tax: ₹3.52
  • Tax Expense: ₹0.97
  • Profit for the Year (from continuing operations): ₹2.55
  • Other Comprehensive Income: ₹0.00
  • Total Comprehensive Income for the Year: ₹2.55
  • Paid-up Equity Share Capital (Face Value ₹10 each): ₹99.60
  • Basic & Diluted EPS (from continuing operations): ₹0.27
  • Basic & Diluted EPS (total): ₹0.27

For the Quarter Ended March 31, 2026:

  • Total Income: ₹3.66
  • Total Expenses: ₹2.10
  • Profit Before Tax: ₹1.56
  • Tax Expense: ₹0.97
  • Profit for the Quarter: ₹0.59
  • Basic & Diluted EPS: ₹0.06

Balance Sheet Position (As at March 31, 2026; Audited)

Assets:

  • Total Non-Current Assets: ₹15.98 (Property, Plant & Equipment: ₹0.70; Deferred Tax Assets (net): ₹15.28)
  • Total Current Assets: ₹180.69 (Inventories: ₹1.78; Investments: ₹18.86; Cash & Cash Equivalents: ₹22.47; Bank Balances other than cash: ₹0.25; Loans: ₹98.90; Other financial assets: ₹38.43)
  • Total Assets: ₹196.67

Liabilities & Equity:

  • Total Current Liabilities: ₹13.92 (Borrowings: ₹2.60; Trade Payables: ₹3.41; Other current liabilities: ₹7.91)
  • Paid-up Equity Share Capital: ₹99.60
  • Other Equity: Not quantified in the provided data.
  • Total Equity and Liabilities: ₹196.67

Cash Flow Statement (For the year ended March 31, 2026; Amounts in ₹ Lakhs)

  • Net Cash From Operating Activities: (₹11.05)
  • Net Cash From Investing Activities: ₹3.90
  • Net Cash From Financing Activities: (₹0.0047)
  • Net Decrease in Cash & Equivalents: (₹7.16)
  • Cash & Equivalents at Year Start: ₹29.88
  • Cash & Equivalents at Year End: ₹22.72

Audit Report and Qualifications

The statutory auditor, M/s. Sanjeev Bimla & Associates, issued an unmodified opinion on the financial results but highlighted three key matters:

1. Valuation of Investments: The company did not provide a valuation report for unquoted investment shares as required by IND AS 109. The auditor could not comment on the correctness of the valuation.

2. NBFC License Cancellation: The company's NBFC license was cancelled on 14.09.2018, and it lost its appeal on 04.06.2020. This is stated to adversely affect the company's operations.

3. Audit Trail Feature: The accounting software used by the company did not have the audit trail (edit log) facility enabled throughout the financial year.

Outstanding Qualified Borrowings Disclosure

Pursuant to SEBI Circular, the company provided the following details (₹ in Crores):

  • Outstanding Qualified Borrowings at FY start: 0.026
  • Outstanding Qualified Borrowings at FY end: 0.026
  • Highest credit rating for unsupported borrowings: NIL
  • Incremental qualified borrowing during the year: 0
  • Borrowings via debt securities during the year: 0

Other Compliance Disclosures

  • Defaults on Loans/Debt Securities: The company confirmed no outstanding defaults on loans from banks/financial institutions (₹0.00), unlisted debt securities (₹0.00), or total financial indebtedness (₹0.00).
  • Impact of Audit Qualifications: The statement confirms \"There is no Qualification\" regarding the impact, despite the auditors' report listing qualifications.
  • CEO/CFO Certification: Mukhtar Singh (Whole Time Director & CFO) certified that the financial results do not contain any false or misleading statements or figures.

Confirmation of Non-Large Corporate Status

The company explicitly confirmed it is not a Large Corporate (LC) as per the applicability criteria in the referenced SEBI circular.

Notes to Financial Results

  • The results were reviewed by the Audit Committee and approved by the Board on May 30, 2026.
  • The results are prepared in accordance with Ind AS, the Companies Act, 2013, and SEBI guidelines.
  • The company operates in a single segment; thus, segment reporting is not applicable.