Summary of Key Information:
Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Monitoring Committee Meeting and Submission of Audited Financial Results under SEBI LODR Regulations 30 and 33
Audit Opinion:
Disclaimer of Conclusion - Auditors were unable to obtain sufficient appropriate audit evidence to provide a basis for conclusion on the Standalone and Consolidated Financial Results.
Key Financial Highlights [₹ in Lakhs]:
Standalone Results:
Revenue from Operations: ₹0.08 lakh (Q1 FY27) vs ₹0.00 lakh (Q1 FY26)
Total Income: ₹0.08 lakh (Q1 FY27) vs ₹0.00 lakh (Q1 FY26)
EBITDA: Not disclosed
Net Profit: (₹15.61) lakh loss (Q1 FY27) vs (₹17.33) lakh loss (Q1 FY26)
EPS: (₹0.00) per share (Q1 FY27)
Other Equity: Not specified
Cash and Cash Equivalents: Not disclosed
Debt: Not disclosed
Consolidated Results:
Revenue from Operations: ₹38.02 lakh (Q1 FY27) vs ₹199.55 lakh (Q1 FY26)
Total Income: ₹38.33 lakh (Q1 FY27) vs ₹201.92 lakh (Q1 FY26)
EBITDA: Not disclosed
Net Profit: (₹195.20) lakh loss (Q1 FY27) vs (₹11.14) lakh loss (Q4 FY26)
EPS: (₹0.01) per share (Q1 FY27)
Other Equity: Not specified
Cash and Cash Equivalents: Not disclosed
Debt: Not disclosed
Segment-wise Performance:
Not specified in standalone results. Consolidated results indicate multiple business segments but no segment-wise breakdown provided.
Corporate Actions:
- Resolution Plan approved by NCLT on August 5, 2026
- Plan includes reorganization of share capital including reduction of capital
- Fresh subscription of 3,00,00,000 equity shares of ₹1 each at par aggregating ₹300 lakh
- Working capital infusion of up to ₹500 lakh within six months and additional ₹500 lakh within twelve months
- No dividend declared
Other Significant Information:
- Resolution Plan financial outlay: ₹301 lakh total
- ₹265 lakh to financial creditors (against ₹9,559.82 lakh admitted debt)
- ₹1 lakh to operational creditors
- ₹35 lakh CIRP costs
- Resolution provides for extinguishment of all claims not part of the plan per Supreme Court's Ghanshyam Mishra judgment
- Monitoring committee constituted to supervise plan implementation
- Financial effects of resolution plan not reflected in current results
- Company continues as going concern