OUTCOME OF BOARD MEETING HELD ON 29-05-2026
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White Hall Commercial Company Ltd held its Board Meeting on 29 May 2026 to approve standalone audited financial results for Q4 FY2026 and the full year ended 31 March 2026. The company reported zero revenue from operations for both periods, with total income of only Rs. 0.07 Lacs for FY2025. The company posted a net loss of Rs. 12.36 Lacs for FY2026 compared to a loss of Rs. 17.79 Lacs in FY2025, showing a 30.4% reduction in losses year-on-year. Total expenses decreased to Rs. 12.36 Lacs from Rs. 18.82 Lacs. The company's EPS improved from Rs. (7.14) to Rs. (4.97). Reserves stood at negative Rs. 203.01 Lacs. The statutory auditor issued a clean/unmodified opinion on the financial statements. The company also appointed Payal Tachak and Associates as Secretarial Auditor for FY2025-26.
While losses have narrowed and operating expenses reduced significantly, the company has zero operating revenue and negative net worth (reserves of -Rs. 203.01 Lacs). This indicates severe financial distress despite the auditor not flagging a going concern issue. Shareholders should note the company is not generating any sales and is dependent on other income. The appointment of a new secretarial auditor appears routine.