Corporate Status

The company is undergoing CIRP pursuant to order of Hon'ble NCLT, Kolkata Bench (Order No. CP (IB)/71/KB/2025 dated 30.10.2025). Mr. Najeeb T P (IBBI Reg. No. IBBI/IPA-002/IP-N01014/2020-2021/13316) was appointed as Resolution Professional. The powers of the Board of Directors stand suspended and are exercised by the RP.

Financial Results Overview

Quarter Ended 30-09-2026 (Unaudited):

  • Net Sales/Income from Operations: ₹0.00 lakh
  • Other Income: ₹5.00 lakh
  • Total Income: ₹5.00 lakh
  • Total Expenditure: ₹6.69 lakh
  • Employees cost: ₹0.30 lakh
  • Other expenditure: ₹6.39 lakh
  • Loss Before Tax: ₹(1.68) lakh
  • Net Loss After Tax: ₹(1.68) lakh
  • Basic and Diluted EPS: ₹(0.01) per share

Quarter Ended 30-06-2026 (Unaudited):

  • Net Loss After Tax: ₹(6.73) lakh
  • Basic and Diluted EPS: ₹(0.05) per share

Half Year Ended 30-09-2026 (Unaudited):

  • Total Income: ₹9.78 lakh
  • Total Expenditure: ₹18.20 lakh
  • Net Loss After Tax: ₹(8.42) lakh
  • Basic and Diluted EPS: ₹(0.06) per share

Comparative Figures:

  • Year Ended 31-03-2026 (Audited): Net Loss ₹(45.86) lakh
  • Year Ended 31-03-2025 (Audited): Net Loss ₹(39.08) lakh

Capital Structure

  • Paid-up Equity Share Capital: ₹144.00 lakh
  • Number of Shares: 144.00 lakh shares (face value ₹1 per share)
  • No change in share capital during the period

Balance Sheet Position (as at 30-09-2026)

Assets:

  • Property Plant and Equipment: ₹0.08 lakh
  • Cash and Cash Equivalents: ₹560.77 lakh
  • Other Current Assets: ₹8.11 lakh
  • Total Assets: ₹568.96 lakh

Liabilities and Equity:

  • Equity Share Capital: ₹144.00 lakh
  • Other Equity: ₹(681.79) lakh (negative reserves)
  • Short Term Borrowings: ₹156.77 lakh
  • Other Current Liabilities: ₹591.34 lakh
  • Provisions: ₹358.63 lakh
  • Total Liabilities and Equity: ₹568.96 lakh

Cash Flow Analysis (Half Year Ended 30-09-2026)

  • Cash Flow from Operating Activities: ₹(211.52) lakh
  • Cash Flow from Investing Activities: ₹9.78 lakh
  • Cash Flow from Financing Activities: ₹0.00 lakh
  • Net Decrease in Cash: ₹(201.74) lakh
  • Opening Cash Balance (01-04-2026): ₹762.51 lakh
  • Closing Cash Balance (30-09-2026): ₹560.77 lakh

Key Notes to Financial Results

1. The financial results were reviewed by the Resolution Professional on 13-11-2026

2. Prepared in accordance with Indian Accounting Standards and SEBI LODR Regulations

3. Face value of equity shares modified from ₹10 to ₹1 per share w.e.f. 06.06.2023

4. Company under CIRP since 30-10-2025 initiated by Fort Cafe Food Services Pvt Ltd

5. Previous year figures have been re-grouped and re-classified where necessary

Auditor's Limited Review Report

Mohan & Ravi Chartered Accountants (Firm Reg No. 05167S) issued a limited review report noting:

  • Review conducted under SRE 2410 standards
  • Financial results prepared in accordance with Ind AS 34
  • Material uncertainty exists regarding going concern status despite CoC-approved resolution plan
  • Resolution process in final stage with plan awaiting NCLT approval
  • No material misstatements identified in the financial results

Meeting Details

The review meeting commenced at 16:30 hrs and concluded at 22:30 hrs on 13-11-2026.

Correspondence Address

Baithussalam, Balankinar, Kattampally Road, Near Indus Motors Maruthi Service Centre, Kannur 670011, Kerala