Financial Position and Exemption Basis

The company provides certified net worth figures for the last three financial years to demonstrate eligibility for exemption:

Financial Position (in ₹):

  • Paid-up Equity Capital: Consistent at ₹4,92,35,750 across FY 2023-24, FY 2024-25, and FY 2025-26
  • Net Worth:
  • FY 2023-24: Negative ₹5,79,835.43
  • FY 2024-25: Negative ₹20,85,279.87
  • FY 2025-26: Negative ₹37,88,179.00

Net Worth Calculation Breakdown:

  • Security Premium: Consistent at ₹5,69,43,000.00 across all three years
  • Accumulated Losses:
  • FY 2023-24: ₹10,67,58,585.43
  • FY 2024-25: ₹10,82,64,029.87
  • FY 2025-26: ₹10,99,66,929.00

Certification and Verification

The net worth certificate is issued by N. S. Nanavati & Co., Chartered Accountants (Firm Registration No. 134235W), certified by CA Nitesh Shirishchandra Nanavati (Membership No. 143769). The certificate states that the calculation is based on scrutiny of books of accounts, records, and documents and is true and correct to the best of their knowledge.

Conclusion

Based on these financial figures, the company concludes that it is not required to submit related party transactions disclosures as required under Regulation 23(9) of the SEBI (LODR) Regulations, 2015 for the half year ended September 30, 2026.