1. The Board of Directors in their meeting held today, have taken on record the Unaudited Financial Results for the quarter ended on 30th June, 2025. 2. The Board of Directors of the ....
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The Board approved unaudited financial results for Q1 FY26 (quarter ended 30 June 2025), reporting zero revenue from operations and a net loss of Rs. 5.13 lakh (loss per share of Rs. 0.06). Total expenses were Rs. 5.13 lakh, primarily employee costs and other expenses. The 33rd Annual General Meeting was scheduled for 19 September 2025 via video conferencing, with e-voting from 16-18 September 2025. The Board appointed Ms. Parul K. Gajjar as an Independent Non-Executive Director for a 5-year term effective 1 September 2025, and reconstituted the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees. M/s. Nishant Pandya & Associates was appointed as Secretarial Auditor for FY 2025-26 to 2029-30.
Investors should note the company has huge accumulated losses with negative reserves of Rs. 1,075.46 lakh (as on 31 March 2025) and zero revenue from operations for the past two quarters. Management itself states the company is 'not carrying on any gainful economic activities,' which raises serious going concern flags. Shareholders should weigh the lack of business activity and persistent losses before making investment decisions.