Financial Position Certification
The company confirms that it neither has paid-up equity share capital exceeding ₹10 crore nor net worth exceeding ₹25 crore as on March 31, 2026 (the last day of the previous financial year).
A certificate from NKSC & Co., Chartered Accountants (Firm Registration No.: 020076N) dated May 25, 2026, certifies the following financial figures based on examination of audited financial statements:
Financial Position (₹ in Crores):
| Description | 2023-24 | 2024-25 | 2025-26 |
| Paid up Share capital | 0.77 | 1.04 | 1.04 |
| Net worth | 3.15 | 6.61 | 9.58 |
Note: Net worth is defined as "Paid up share capital and free reserves & Surplus" for this certification purpose.
Basis of Exemption
Given that both paid-up share capital (₹1.04 crore) and net worth (₹9.58 crore) as of March 31, 2026 are below the prescribed thresholds of ₹10 crore and ₹25 crore respectively, the provisions of Regulation 23 (Related Party Transactions) do not apply to the company.
Documentation and Certification
The certification was performed by NKSC & Co. based on:
- Audited financial statements for FY 2023-24, FY 2024-25, and FY 2025-26
- Written representations from management
- Examination of evidence on a test basis (not a full audit)
The certificate is issued solely for submission to BSE Limited for determining applicability of Regulation 23 provisions.