Outcome of the meeting of the Board of Directors held on July 23, 2025
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The Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with the auditor's limited review report. It also approved the Director's Report and Secretarial Audit Report for FY25, and fixed the 46th AGM on August 30, 2025 via video conferencing. The company reported zero revenue from operations, same as previous quarters, with total expenses of ₹5.90 lakhs driving a net loss of ₹5.90 lakhs (vs ₹0.23 lakh loss in Q1 FY25). Other expenses of ₹5.45 lakhs were the main cost driver, while employee costs stood at ₹0.45 lakh. Paid-up equity capital remains at ₹1,073.23 lakhs, with EPS at ₹(0.05). The statutory auditor issued an unmodified review opinion with no qualifications.
The company continues to report zero operating revenue and widening quarterly losses, suggesting it remains effectively non-operational. Shareholders should note the persistent losses funded out of reserves, though the small loss magnitude is minor relative to the equity base. This is a negative signal for business continuity and investor confidence.