Financial Results Summary (Standalone, Rs. in Lakhs except EPS)

Quarter Ended June 30, 2026:

  • Revenue from Operations: ₹2642.27
  • Other Income: ₹0.32
  • Total Income: ₹2642.59
  • Total Expenses: ₹2371.31
  • Finance Costs: ₹29.59
  • Other Expenses: ₹59.29
  • Profit Before Tax: ₹271.27
  • Profit for the Period: ₹271.27
  • Basic EPS: ₹16.94
  • Diluted EPS: ₹16.94
  • Paid-up Equity Share Capital: ₹160.11 lakhs (Face Value ₹10 each)

Comparative Performance:

  • Previous Quarter (Q4 FY26): Loss of ₹253.78 lakhs, EPS (₹15.85)
  • Corresponding Quarter Previous Year (Q1 FY26): Loss of ₹5.03 lakhs, EPS (₹0.02)
  • Previous Accounting Year (FY26): Loss of ₹308.11 lakhs, EPS (₹19.24)

Corporate Insolvency Resolution Process Background

The company underwent Corporate Insolvency Resolution Process (CIRP) under IBC:

  • Application filed by Invent Assets Securitization and Reconstruction Pvt. Ltd. under Section 7 of IBC
  • NCLT Hyderabad Bench admitted application on 27 March 2023
  • Mr. Vijay Pitambar Lulla appointed as Interim Resolution Professional, later confirmed as Resolution Professional
  • Committee of Creditors (CoC) approved Resolution Plan by consortium of Karishma Jain, Jupiter City Developers (India) Limited, and Adwaita Navigations Private Limited with 73.78% voting share on 19 February 2024
  • NCLT Hyderabad Bench approved Resolution Plan on 19 April 2024 in IA No. 5/2024 in CP(IB) No. 16/7/HDB/2023

Resolution Plan Implementation Status

As per NCLT Approved Plan (not yet implemented as of June 30, 2026):

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

Reasons for Non-Implementation:

  • Pending directions from Hon'ble NCLT/post-order clarifications
  • Procedural delays and pending compliances
  • Suspension of trading
  • Pending NCLAT appeal

Current Legal Status

National Stock Exchange Ltd has preferred an appeal challenging NCLT order dated 02-05-2025 (which directed relisting of shares) vide Company Appeal IA No. 797 and 798 of 2025 at NCLAT Chennai Bench. Listing of shares on stock exchanges remains pending due to this appeal.

Business Operations

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.

Auditor Review

Pavuluri & Co., Chartered Accountants (Firm Registration No: 012194S) conducted limited review of interim financial results and issued unqualified review report stating nothing has come to their attention that causes them to believe the statement contains any material misstatement.

Meeting Details

Monitoring Committee meeting held on August 12, 2026, from 04:00 PM to 05:00 PM IST where the financial results were approved.