Financial Results Summary

Quarter Ended September 30, 2025

  • Revenue from Operations: ₹1,495.68 lakh
  • Other Income: ₹4.30 lakh
  • Total Income: ₹1,499.98 lakh
  • Total Expenses: ₹1,978.86 lakh
  • Loss before tax: ₹478.88 lakh
  • Net Loss for the period: ₹478.88 lakh
  • Basic EPS: -₹0.30
  • Diluted EPS: -₹0.30

Half Year Ended September 30, 2025

  • Revenue from Operations: ₹2,875.93 lakh
  • Other Income: ₹22.42 lakh
  • Total Income: ₹2,898.35 lakh
  • Total Expenses: ₹3,505.75 lakh
  • Loss before tax: ₹607.40 lakh
  • Net Loss for the period: ₹607.40 lakh
  • Basic EPS: -₹0.38
  • Diluted EPS: -₹0.38

Balance Sheet Position (as at September 30, 2025)

  • Total Assets: ₹29,595.40 lakh
  • Non-current Assets: ₹20,300.89 lakh (including Property, plant and equipment: ₹10,902.88 lakh, Deferred tax assets: ₹8,530.33 lakh)
  • Current Assets: ₹9,294.52 lakh (including Inventories: ₹736.31 lakh, Trade receivables: ₹5,435.59 lakh)
  • Total Equity: Negative ₹15,260.84 lakh (Equity Share Capital: ₹1,603.07 lakh, Other Equity: Negative ₹16,863.91 lakh)
  • Total Liabilities: ₹44,856.24 lakh
  • Current Liabilities: ₹44,588.97 lakh (including Borrowings: ₹37,966.62 lakh)

Cash Flow Statement (Half Year Ended September 30, 2025)

  • Net cash from operating activities: ₹18.51 lakh
  • Net cash from investing activities: ₹19.07 lakh
  • Net cash used in financing activities: ₹37.43 lakh
  • Net increase in cash: ₹0.15 lakh
  • Cash and cash equivalents at end: ₹13.97 lakh

Corporate Insolvency Context

  • Corporate Insolvency Resolution Process (CIRP) initiated by NCLT Delhi Bench order dated July 28, 2023 (pronounced August 1, 2023)
  • Application filed by Canara Bank under Section 7 of Insolvency and Bankruptcy Code, 2016
  • Mr. Deepak Maini appointed as Resolution Professional (Reg. No. IBBI/IPA-001/IP-P00676/2017-2018/11149)
  • Board powers suspended during CIRP period
  • Financial results approved by Board (Power Suspended) upon authorization of Resolution Professional

Auditor's Limited Review Report Qualifications

Kumar Pramod & Associates issued limited review report with multiple significant qualifications:

Going Concern Issues

  • Accumulated losses of ₹16,863.91 lakh have completely eroded net worth (paid-up capital: ₹1,603.07 lakh)
  • Company has incurred continued losses for many years
  • Financial statements prepared under Companies (Accounts) Rules, 2014 instead of Ind AS

Verification Limitations

  • Fixed assets register not available, values taken at previous book values
  • Bank and investment confirmations not available, balances subject to reconciliation
  • Inventory quantitative details not available, values taken at previous book values
  • Reconciliations and valuations (PPE, inventories, receivables, payables) not available for review
  • Pending litigations not independently verified
  • Contingent liabilities from tax matters (Income tax, TDS, GST) could not be ascertained

Auditor's Disclaimer

Due to the CIRP and the above limitations, auditors could not obtain sufficient appropriate audit evidence and do not express an opinion on the financial statements.

Meeting Details

  • Board meeting held on September 14, 2026
  • Meeting duration: 2:00 PM to 4:30 PM
  • Results approved by Deepak Maini (Resolution Professional) and Amit Jain (Chairman-cum Managing Director, Power Suspended)

Additional Information

  • Previous period figures regrouped/reclassified where necessary
  • Figures rounded off to nearest rupees in lakhs
  • No separate reporting segments as per Ind-AS 108
  • Face value of equity shares: ₹10 each
  • Paid-up equity share capital: ₹1,602.74 lakh