Considered and Approved the Audited Financial Results for the Fourth Quarter and year ended 31.03.2026 (prepared as per IND AS). A copy of the audited Financial Results duly recommended ....
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Epsom Properties Limited reported zero revenue from operations for both Q4 and full year FY26, continuing its loss-making trend with a net loss of Rs. 34.32 lakhs for the year (vs. Rs. 34.12 lakhs loss in FY25). The company is essentially dormant with no business activity. More critically, the balance sheet shows negative total equity of Rs. 195.73 lakhs, meaning liabilities (Rs. 207.27 lakhs) exceed total assets (Rs. 11.55 lakhs). Borrowings stand at Rs. 206.61 lakhs against minimal assets. The statutory auditor S. Vishnu & Co. issued an unmodified (clean) opinion despite these red flags.
The company is technically insolvent with negative equity and zero operating revenue, raising serious going concern issues. Despite the clean audit opinion, shareholders face extreme risk as the company's net worth is deeply negative and business operations appear to have ceased.