We wish to inform you that the Board of directors of the company at their meeting held today at 11.30 and concluded at 12.30 has approved the following 1. Audited financial results for ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors approved the audited financial results for FY2026 ended March 31, 2026. The company reported a net loss of Rs. 46.78 lakh compared to a profit of Rs. 17.08 lakh in FY2025. Total income marginally increased to Rs. 37.39 lakh from Rs. 36.09 lakh. Notably, revenue from operations was zero with only other operating income reported. Finance costs surged dramatically to Rs. 66.19 lakh from Rs. 0.97 lakh in the prior year. The auditors issued an unmodified opinion but included an Emphasis of Matter regarding an unrecovered loan of Rs. 1.45 crore given to One City Promoters Private Limited (a related party) in FY2013-14 for a real estate project. The company also re-appointed M/s Deepak Somaiya & Co. as Secretarial Auditor for FY2026-28.
The significant net loss, zero operating revenue, and high finance costs indicate serious financial stress. The Rs. 1.45 crore unrecovered related party loan flagged by auditors adds to concerns. Shareholders should monitor the company's ability to generate sustainable revenue and recover outstanding loans.