Key Decisions Approved
The Monitoring Committee along with the new constituted board of directors/Successful Resolution Applicant approved:
1. The Un-Audited Financial Statement Result of the Company for the second quarter and half year ended 30th September 2026.
2. The appointment of Ms. Juhi Balani (ACS 42751) as the Company Secretary and Key Managerial Personnel of the Company and Compliance Officer under Regulation 6 of the SEBI Listing Regulations, with effect from November 14, 2026.
Financial Results (Standalone, Unaudited, Rs. in Lakhs)
For Quarter Ended September 30, 2026:
- Revenue from Operations: ₹2,041.37
- Other Income: ₹11.17
- Total Income: ₹2,052.54
- Total Expenses: ₹2,694.33
- Finance Costs: ₹67.95
- Other expenses: ₹18.47
- Loss before tax: (₹641.78)
- Loss for the period: (₹641.78)
- Basic EPS: (₹40.08)
- Diluted EPS: (₹40.08)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹4,683.64
- Other Income: ₹11.49
- Total Income: ₹4,695.13
- Total Expenses: ₹5,065.64
- Finance Costs: ₹97.54
- Other expenses: ₹77.76
- Loss before tax: (₹370.51)
- Loss for the period: (₹370.51)
- Basic EPS: (₹23.14)
- Diluted EPS: (₹23.14)
Comparative Figures (Quarter):
- Previous Quarter (30.06.2026): Profit of ₹271.27
- Corresponding Quarter Previous Year (30.09.2025): Loss of (₹49.23)
Comparative Figures (Half Year):
- Corresponding Half Year Previous Year (30.09.2025): Loss of (₹54.26)
- Previous Accounting Year (31.03.2026 Audited): Loss of (₹308.11)
Balance Sheet Highlights (As at 30/09/2026, Rs. in Lakhs)
Assets:
- Total Assets: ₹4,953.20
- Inventories: ₹4,880.81
- Cash and Cash Equivalents: ₹2.94
- Loans & Deposit: ₹1.70
- Other Current Assets: ₹26.74
- Other non-current assets: ₹41.00
Equity and Liabilities:
- Equity Share Capital: ₹160.11 (16,011,000 equity shares of ₹10 each)
- Other Equity: (₹75,156.23)
- Borrowings: ₹78,596.07
- Creditors other than micro and small enterprises: ₹1,294.50
- Other Current Liabilities: ₹0.78
- Provisions: ₹57.96
Cash Flow Statement (Half Year Ended 30/09/2026, Rs. in Lakhs)
- Net cash used in operating activities: (₹3,485.54)
- Net cash from financing activities: ₹3,487.65
- Net increase in cash and cash equivalents: ₹2.11
- Cash and cash equivalents at beginning: ₹0.83
- Cash and cash equivalents at end: ₹2.94
Management Appointment
Ms. Juhi Balani (ACS 42751) was appointed as Company Secretary and Compliance Officer (Key Managerial Personnel) effective November 14, 2026. She is a qualified Company Secretary and commerce graduate with experience in corporate secretarial, regulatory, and listing compliances under the Companies Act, 2013 and SEBI requirements.
Corporate Context and Resolution Plan Status
- The Resolution Plan submitted by a consortium comprising Ms. Karishma Jain, M/s Jupiter City Developers (India) Limited and M/s Adwaita Navigations Private Limited was approved by the Hon'ble NCLT, Hyderabad Bench on April 19, 2024.
- The Monitoring Committee continues to supervise implementation of the Approved Resolution Plan.
- Capital restructuring has been implemented: cancellation/reduction of erstwhile share capital and issuance/restructuring resulting in a post-restructuring paid-up equity share capital of 16,01,100 equity shares of ₹10 each (15,21,000 to SRA and 80,100 to existing public shareholders).
- Consequential approvals for listing/relisting and recommencement of trading remain pending. An appeal filed by National Stock Exchange of India Limited against the NCLT order dated May 2, 2025 is pending before NCLAT, Chennai Bench.
Other Notes
- The company is primarily engaged in 'Other financial service activities, except insurance and pension funding activities.'
- The figures of the last quarter are balancing figures between audited full-year figures and unaudited published year-to-date figures.
- Figures for previous periods have been regrouped, rearranged, and reclassified where necessary.
Meeting Details
The Monitoring Committee meeting commenced at 04:00 PM(IST) and concluded at 05:15 PM(IST) on November 14, 2026.