Outcome of the Meeting of the Board of Directors held on May 30, 2026 pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The Board approved audited standalone financial results for Q4 and FY ended March 31, 2026, which show the company has effectively no operating revenue (Rs. 0) and reported a total revenue of Rs. 97 lakhs (down from Rs. 484 lakhs in FY25), with a net loss widening to Rs. 22.39 lakhs (vs Rs. 13.49 lakhs loss in FY25). The statutory auditor issued an unmodified opinion but flagged multiple Emphasis of Matter items: investments of Rs. 241.40 lakhs not fair-valued as required by IND AS 109, both bank accounts inoperative for a long time, all business receipts and payments routed through the Managing Director's personal loan account, no business revenue generated for a long time, and no movement in most asset and liability accounts. Major management reshuffle happened on the same day – Managing Director Praveen Jain, CFO Nipun Jain, and Company Secretary Renu Lahoti resigned due to a change in management and control; new CFO Om Prakash Lohia, CS Biswashree Pati, CXO Pranay Ganeriwala, and Independent Director Pramod Kumar Shah were appointed. The Board also approved a proposal to change the company's name and set up a new corporate office in Kolkata.