Statement of Audited Finacial Result for the Year ended 31st march, 2026
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Megh Mayur Infra Limited (formerly Transoceanic Properties Ltd) reported zero revenue from operations for FY 2025-26. The company posted a net loss of Rs. 18.21 lakh, slightly improved from Rs. 20.58 lakh loss in the previous year. The statutory auditor issued an unmodified (clean) opinion but included an Emphasis of Matter noting that the company's investment in Padmini Technologies Limited is carried at cost instead of fair value as required by Ind AS 109, though the opinion was not modified. The company has negative other equity of Rs. 37.2 lakh and relies heavily on related party borrowings (Rs. 1.69 crore from directors and related parties). Operating cash flow remained negative at Rs. 22.16 lakh. Cash and cash equivalents stand at just Rs. 13,576.
The company continues to face severe financial distress with no operating revenue and consecutive years of losses. The Emphasis of Matter on investment valuation adds to concerns, though the clean audit opinion provides some relief. The thin cash position and negative equity remain key risks for shareholders.