Summary of Key Information:

Reporting Period: Fourth quarter and Financial year ended 31st March, 2026

Nature of Filing / Announcement: Outcome of Board Meeting and Audited Financial Results

Audit Opinion:

Disclaimer of Opinion - Auditors (YCRJ & Associates) were unable to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion.

Key Financial Highlights [INR in Lakhs]:

Standalone Results:

Revenue from Operations: Not explicitly stated in results table

Total Income: 596.79

Net Profit: -7,164.24

EPS: -6.40

Other Equity: 1,388.94

Cash and Cash Equivalents: 29.25

Debt: Short-term and long-term borrowings not separately specified

Consolidated Results:

Revenue from Operations: Not explicitly stated in results table

Total Income: 596.79

Net Profit: -7,164.60

EPS: -6.40

Other Equity: -1,882.90

Cash and Cash Equivalents: 29.48

Financial Position (Standalone) as at 31/03/2026:

Total Assets: 19,472.72

Total Liabilities: 9,663.01

Equity Share Capital: 11,198.65

Other Equity: 1,388.94

Total Equity: 9,809.71

Financial Position (Consolidated) as at 31/03/2026:

Total Assets: 18,872.76

Total Liabilities: 9,767.22

Equity Share Capital: 11,198.65

Other Equity: -1,882.90

Non-Controlling Interest: 210.21

Total Equity: 9,105.54

Segment-wise Performance:

The Company is engaged in the business of E-Waste Recycling & Refurbishment segment and therefore has only one reportable segment in accordance with IND AS 108 "Operating Segments".

Corporate Actions:

No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced.

Other Significant Information:

  • The company is facing challenges in meeting its obligations, including servicing current liabilities and settlement of income tax dues
  • Management believes going concern assumption is appropriate based on cost rationalization measures, discussions with potential investors, and identification of non-core assets for monetization
  • Management states inventory devaluation was conservative due to rapid obsolescence of E-waste and refurbished components
  • Company is making efforts to recover advances and following up with customers for recovery of receivables