Board Meeting Details

The meeting was held on Thursday, November 12, 2026, commencing at 04:15 PM and concluding at 05:30 PM.

Financial Results Highlights

Income Statement (₹ in Lakhs):

  • Total Revenue: ₹2 (H1 FY2027) vs ₹185 (H1 FY2026)
  • Other Income: ₹2 (H1 FY2027) vs ₹167 (H1 FY2026)
  • Employee Benefit Expense: ₹19 (H1 FY2027) vs ₹53 (H1 FY2026)
  • Finance Cost: ₹1,011 (H1 FY2027) vs ₹0 (H1 FY2026)
  • Depreciation & Amortization: ₹237 (H1 FY2027) vs ₹494 (H1 FY2026)
  • Other Expenses: ₹65 (H1 FY2027) vs ₹111 (H1 FY2026)
  • Total Expenses: ₹1,332 (H1 FY2027) vs ₹670 (H1 FY2026)
  • Net Loss: ₹1,330 (Q2 FY2027), ₹1,662 (H1 FY2027) vs ₹485 (H1 FY2026)

Earnings Per Share: (1.88) for Q2 FY2027, (2.35) for H1 FY2027

Balance Sheet (as of September 30, 2026, ₹ in Lakhs):

  • Property, Plant and Equipment: ₹11,157
  • Other Non-Current Assets: ₹292
  • Current Assets: ₹438 (including Cash & Cash Equivalents: ₹154, Other Bank Balances: ₹103)
  • Total Assets: ₹11,888
  • Equity Share Capital: ₹7,071
  • Other Equity: Negative ₹10,896
  • Total Equity: Negative ₹3,825
  • Borrowings: ₹14,391
  • Total Liabilities: ₹15,713

Cash Flow Statement (H1 FY2027, ₹ in Lakhs):

  • Net Cash from Operating Activities: Negative ₹2,409.68
  • Net Cash from Investing Activities: ₹34.11
  • Net Cash from Financing Activities: ₹528.90
  • Net Decrease in Cash: ₹1,846.67

Corporate Insolvency Resolution Process (CIRP) Status

The company was admitted into CIRP by NCLT Chandigarh Bench on December 22, 2023. The NCLT approved the resolution plan submitted by Mohini Health and Hygiene Limited on April 16, 2026, under sections 30(6) and 31(1) of the Insolvency and Bankruptcy Code, 2016. The approved resolution plan has a total value of ₹162.90 crore and provides for resolution of claims and liabilities, infusion of funds for revival, and implementation under the supervision of a Monitoring Committee.

Auditors' Qualified Opinion

Dhana and Associates issued a qualified review report highlighting:

1. The company's accumulated losses have resulted in negative net worth, but financial results are prepared on a going concern basis considering the approved resolution plan

2. Pending Sales Tax, Income Tax, and GST cases - recognition and measurement adjustments remain subject to completion of accounting assessment

3. Balance confirmations and reconciliations pending for accounts payable, bank balances, other current assets, secured loans, and other liabilities

4. Impact of absent confirmations is unascertainable

Operational Context

The company's registered office was vacated on December 30, 2024, and currently operates from B-58, Industrial Area Phase 7, Mohali. The textile business continues on a job-work basis with limited resources available.

Implementation Timeline

The company will give effect to the NCLT's CIRP Order dated April 16, 2026, during FY2026-27, including accounting adjustments for assets and liabilities write-off, extinguishment, and settlement. The net impact will be recognized in the books and adjusted through Capital Reserves to the extent permissible.