Outcome of the Board Meeting held on 28th May 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved audited financial results for FY ended 31st March 2026. The company reported a net loss of Rs. 11.61 lakhs, improved from Rs. 18.56 lakhs loss in the previous year. Revenue from operations appears minimal with most income coming from other sources. The company has negative net worth of Rs. 90.98 lakhs (equity share capital Rs. 518.15 lakhs minus accumulated losses of Rs. 609.13 lakhs). Operating cash flow was negative at Rs. 12.58 lakhs, and the company relies on short-term loans from directors (Rs. 14.05 lakhs) to fund operations. Total assets stand at Rs. 16.21 lakhs against total liabilities of Rs. 107.19 lakhs. The auditors issued an unmodified opinion on the financial statements.
The company continues to be loss-making with negative net worth and negative operating cash flows, indicating serious financial distress. Shareholders should be aware that the company may face going concern doubts given its negative equity position and dependence on director financing.