Corporate Status

The company is under Corporate Insolvency Resolution Process (CIRP) since February 22, 2024, as per NCLT Mumbai Bench order in CP no. 533/IBC/MB/2023. Mr. Ajit Kumar (IBBI Reg. No. IBBI/IPA-003/IP-N00062/2017-2018/10548) serves as Resolution Professional with powers of the Board of Directors vested in him.

Financial Results Overview

Standalone Audited Financial Results for Quarter Ended March 31, 2026:

  • Total revenue from Operations: ₹0.00 lakh
  • Net Loss before tax (after exceptional items): ₹(6.79) lakh
  • Net Loss after tax: ₹(6.79) lakh
  • Total Comprehensive income: ₹(4.17) lakh
  • Equity Share capital: ₹1,700.00 lakh
  • Other Equity: ₹(12,624.17) lakh
  • Basic EPS: ₹(0.04)
  • Diluted EPS: ₹(0.04)

Standalone Audited Financial Results for Year Ended March 31, 2026:

  • Total revenue from Operations: ₹0.00 lakh
  • Net Loss before tax (after exceptional items): ₹(66.37) lakh
  • Net Loss after tax: ₹(66.37) lakh
  • Total Comprehensive income: ₹(63.75) lakh
  • Equity Share capital: ₹1,700.00 lakh
  • Other Equity: ₹(12,624.17) lakh
  • Basic EPS: ₹(0.39)
  • Diluted EPS: ₹(0.39)

Comparative Figures

Quarter Ended December 31, 2025 (Unaudited):

  • Net Loss after tax: ₹(15.13) lakh
  • Basic EPS: ₹(0.09)

Quarter Ended March 31, 2025 (Audited):

  • Total revenue from Operations: ₹35.11 lakh
  • Net Loss after tax: ₹(2,483.41) lakh
  • Basic EPS: ₹(14.61)

Year Ended March 31, 2025 (Audited):

  • Total revenue from Operations: Not explicitly stated
  • Net Loss after tax: ₹(2,418.17) lakh
  • Basic EPS: ₹(14.22)

Balance Sheet Position (as at March 31, 2026)

  • Equity Share Capital: ₹1,700.00 lakh
  • Other Equity: ₹(12,624.17) lakh
  • Total Equity: ₹(10,924.17) lakh
  • Trade payables, current: ₹426.12 lakh
  • Other current financial liabilities: ₹362.67 lakh
  • Borrowings, current: ₹10,208.46 lakh
  • Total current liabilities: ₹10,975.25 lakh

Cash Flow Statement (Year Ended March 31, 2026)

  • Net cash used in operating activities: ₹(325.73) lakh
  • Net cash from investing activities: ₹16.71 lakh
  • Net loss before tax: ₹(66.37) lakh

Audit Qualifications

The statutory auditors, Satya Prakash Natani & Co., issued a qualified opinion citing:

1. Ongoing CIRP process with uncertain outcome affecting assets, liabilities, and equity recognition

2. Pending reconciliation of books of account, supporting documents, and balance confirmations

3. Inability to verify completeness and accuracy of liabilities and contingent liabilities

4. Unreconciled claims submitted to and admitted by the Resolution Professional

5. Uncertainty regarding going concern assumption

6. Possible adjustments required for expected credit loss/impairment assessment

Management Response to Qualifications

Management stated the impact of audit qualifications is not quantifiable due to:

  • Ongoing CIRP process with final outcome pending
  • Resolution plan approval and claim settlement not yet determined
  • Balance confirmations pending from respective parties

Trading Window Closure

The trading window for dealing in company securities was closed for Directors and KMPs from April 1, 2026, until 48 hours after declaration of financial results.

Committee Meeting Details

The Resolution Professional Committee meeting was held on May 30, 2026, commencing at 4:00 PM and concluding at 4:30 PM.

Investor Complaints

  • Complaints lying pending as on March 31, 2026: NIL
  • Complaints received during the year: NIL
  • Complaints disposed of during the year: NIL
  • Complaints lying unsolved as on March 31, 2026: NIL