Key Financial Figures

Income Statement (₹ in Lakhs)

Quarter Ended March 31, 2026 (Audited):

  • Total Income: ₹8.20
  • Total Expenses: ₹261.98
  • Loss Before Tax: ₹(253.78)
  • Loss for the Period: ₹(253.78)
  • Basic EPS: ₹(15.85)

Financial Year Ended March 31, 2026 (Audited):

  • Total Income: ₹30.70
  • Total Expenses: ₹338.81
  • Loss Before Tax: ₹(308.11)
  • Loss for the Year: ₹(308.11)
  • Basic EPS: ₹(19.24)
  • Paid-up Equity Share Capital: ₹160.11 lakh (Face Value ₹10 each)

Comparative Figures (Previous Year - Audited):

  • FY25 Total Income: ₹56.26
  • FY25 Profit for the Year: ₹15.94
  • FY25 Basic EPS: ₹0.07
  • FY25 Paid-up Equity Share Capital: ₹2,277.44 lakh

Balance Sheet as at March 31, 2026 (₹ in Lakhs)

  • Total Assets: ₹3,441.94
  • Inventories: ₹3,338.46
  • Cash and Cash Equivalents: ₹0.83
  • Loans & Deposit: ₹35.39
  • Other Current Assets: ₹26.74
  • Total Equity: ₹(74,625.62)
  • Current Liabilities: ₹78,067.55
  • Financial Liabilities/Borrowings: ₹75,068.84
  • Trade Payables: ₹2,996.83
  • Other Current Liabilities: ₹1.89

Cash Flow Statement for FY26 (₹ in Lakhs)

  • Net Cash Flow from Operating Activities: ₹(87.13)
  • Net Cash Flow from Financing Activities: ₹87.96
  • Net Increase in Cash: ₹0.83
  • Cash at Beginning of Year: ₹0.00
  • Cash at End of Year: ₹0.83

Corporate Insolvency Resolution Process Background

Pursuant to an application filed by Invent Assets Securitization and Reconstruction Pvt. Ltd. under Section 7 of IBC, the NCLT Hyderabad Bench admitted the application and commenced CIRP of the Company vide order dated March 27, 2023. Mr. Vijay Pitambar Lulla was appointed as Resolution Professional.

The Committee of Creditors (CoC) approved the Resolution Plan submitted by consortium of Ms. Karishma Jain, Jupiter City Developers (India) Limited, and Adwaita Navigations Private Limited (Successful Resolution Applicants) with 73.78% voting share on February 19, 2024. The Resolution Plan was approved by NCLT Hyderabad Bench vide order dated April 19, 2024 in IA No. 5/2024 in CP(IB) No. 16/7/HDB/2023.

Implementation Status of Resolution Plan

As of March 31, 2026, the Resolution Plan had not been fully implemented due to pending directions/outcome from NCLAT, procedural delays, and suspension of trading by NSE and BSE.

Share Capital Restructuring Completed:

  • Preference shareholders' shares cancelled without consideration
  • Entire equity shareholding of existing promoter/promoter group/relatives cancelled without consideration
  • Successful Resolution Applicants allotted 15,21,000 equity shares of ₹10 each fully paid up
  • 80,100 equity shares of ₹10 each fully paid up issued to existing public shareholders on proportionate basis to retain listed status

Pending Matter Before NCLAT

National Stock Exchange Ltd has preferred an appeal challenging NCLT order dated May 2, 2025 (Company Appeal IA No. 797 and 798 of 2025 at NCLAT Chennai Bench). Listing of shares remains pending as the matter is sub judice.

Company Business and Segment Information

The Company is primarily engaged in 'Other financial service activities, except insurance and pension funding activities' with no other separate reportable segments as per IND AS 108.

Governance and Approval

The financial results were reviewed and approved by the Monitoring Committee comprising the Resolution Applicant and representatives of the Committee of Creditors at their meeting held on May 30, 2026 (4:30 PM to 5:30 PM IST). The newly constituted Board of Directors was not fully operational during the period, with governance oversight continued by the Monitoring Committee.