Financial Results Summary

Standalone Results (₹ in Lakhs):

  • Quarter Ended 30.09.2026: Net Loss of ₹54.19 lakhs
  • Quarter Ended 30.06.2026: Net Loss of ₹54.78 lakhs
  • Quarter Ended 30.09.2025: Net Loss of ₹59.86 lakhs
  • Half Year Ended 30.09.2026: Net Loss of ₹108.99 lakhs
  • Half Year Ended 30.09.2025: Net Loss of ₹136.11 lakhs
  • Year Ended 31.03.2026: Net Loss of ₹281.54 lakhs

Consolidated Results (₹ in Lakhs):

  • Quarter Ended 30.09.2026: Net Loss of ₹89.11 lakhs
  • Half Year Ended 30.09.2026: Net Loss of ₹178.36 lakhs
  • Year Ended 31.03.2026: Net Loss of ₹420.32 lakhs

Revenue Breakdown:

  • Zero revenue from operations across all periods
  • Other operating income: ₹26.69 lakhs (Q2 FY27), ₹53.20 lakhs (H1 FY27)
  • Total income: ₹26.69 lakhs (Q2 FY27), ₹53.20 lakhs (H1 FY27)

Key Financial Metrics:

  • Paid-up equity share capital: ₹7,361.00 lakhs (Face value ₹1 each)
  • Earnings per share: Negative/zero across all periods
  • Employee benefits expense: ₹0.00 lakhs (standalone), ₹114.73 lakhs (consolidated for Q2 FY27)
  • Finance cost: ₹0.01 lakhs (standalone), ₹0.00 lakhs (consolidated for Q2 FY27)

Insolvency Proceedings

Corporate Insolvency Resolution Process (CIRP):

  • Initiated on 29th May 2020 by NCLT order (MP) CP (IB) No. 7/9/NCLT/AHM/2019
  • Petition filed by Mr. Kishor Ramniklal Unadikat (sole proprietor of M/s Shakti Clearing Agency) under Section 9 of IBC 2016
  • Mr. Rajiv Goyal initially appointed as IRP
  • Replaced by Mr. Gautam Mittal as Resolution Professional on 04th September 2020 via IA No. 111 of 2020

Resolution Plan Process:

  • Five eligible Expressions of Interest received
  • Resolution Plans invited and discussed with Committee of Creditors (CoC)
  • None of the Resolution Plans approved by CoC members
  • CoC decided to liquidate the company
  • Liquidation process initiation filed with Hon'ble NCLT

Accounting and Operational Status

Accounting Irregularities:

  • All expenses treated on cash basis against company policy
  • Bank balances subject to confirmation from management
  • No transactions in bank accounts in past period except for two bank accounts
  • Same balances carried forward without reconciliation

Unprovided Expenses (cumulative):

  • Professional Expenses: ₹106.03 lakhs
  • Security Expenses: ₹61.32 lakhs
  • Advertisement Expenses: ₹0.33 lakhs
  • Salary Expenses: ₹112.79 lakhs
  • Audit Fee: ₹5.43 lakhs
  • Total unprovided expenses: ₹285.91 lakhs

Asset and Liability Position (Standalone as of 30.09.2026):

  • Total Assets: ₹35,297.52 lakhs
  • Non-current Assets: ₹10,342.56 lakhs (including Property, Plant & Equipment: ₹5,330.08 lakhs)
  • Current Assets: ₹24,954.96 lakhs
  • Total Equity: Negative ₹59,453.80 lakhs
  • Non-current Liabilities: ₹3,219.28 lakhs
  • Current Liabilities: ₹91,532.04 lakhs

Business Operations

  • Company engaged in FMCG sector (single segment reporting)
  • Commercial activities including warehousing, leasing and job work continuing at limited permitted level under Resolution Professional and Committee of Creditors
  • No operational revenue generated during reporting periods

Auditor Qualifications

  • Review conducted under SRE 2410 (substantially less in scope than audit)
  • No audit opinion expressed
  • Multiple accounting policy violations noted
  • No assurance provided on completeness of financial information