Laser Diamonds Ltd

AGM extension

• ROC Chennai order dated 24 September 2026 grants Turner Industries Limited extension to 31 December 2026.
• Original AGM date was 30 September 2026; extension granted for special reasons.
• Order issued under Section 96(1) of the Companies Act, 2013.

AGM extension

• Filed e-Form GNL-1 with ROC Chennai to extend the 32nd AGM to 30 November 2026.
• Status pending ROC Chennai approval; company to inform on outcome.

Key transaction details

• Target Company: Laser Diamonds Limited.
• Disclosing Party: Sangita (concert with PAC); promoter group: No.
• Transaction Type: Sale of voting shares.
• Pre-transaction holding: 1,562,000 shares (38.57%).
• Sale: 624,800 voting rights sold (15.43%), mode: not specified.
• Post-transaction holding: 937,200 shares (23.14%).
• Date of sale: 12.09.2026.
• Equity capital before sale: Rs. 4,05,00,000; after sale: Rs. 4,05,00,000.
• Total diluted capital: Rs. 4,05,00,000.

Name change details

• Old name Laser Diamonds Limited renamed to Turner Industries Limited; effective 8 February 2018.
• Approval for change of name obtained from Central Government/Registrar of Companies, Tamil Nadu.
• Certificate of Incorporation issued by RoC confirming name change; CIN unchanged (L52599TN1995PLC029777).
• Memorandum and Articles of Association amended to reflect Turner Industries Limited.
• Assets and liabilities of Laser Diamonds Limited vest in Turner Industries Limited.
• Shareholder approvals via special resolutions at EGM held 22 December 2017.

Key financials

• Board approved unaudited Q1 results for quarter ended 30 June 2026.
• Net loss after tax for the quarter: Rs 0.31 Lakhs.
• Basic and diluted EPS: Rs (0.01) per share.
• Total assets as of 30 Jun 2026: Rs 50.66 Lakhs.
• Borrowings as at 30 Jun 2026: Rs 40.03 Lakhs, including loan from Director.
• Cash and cash equivalents: Rs 0.67 Lakhs.
• Equity share capital: Rs 401.31 Lakhs.
• Reserves excluding revaluation reserves: Rs (390.98) Lakhs.
• Total comprehensive income for the period: Rs (0.34) Lakhs.

Meeting Details

• Board meeting scheduled for 13 August 2026 at 3:00 PM; location not disclosed.

Key Agenda Items

• Consider unaudited financial results for the quarter ending 30 June 2026.

Financials

• Q4 ended 31 Mar 2024 net loss after tax: Rs 0.31 Lacs.
• Full-year ended 31 Mar 2024 net loss after tax: Rs 3.28 Lacs.
• Other income for FY2023-24: Rs 6.0 Lacs.
• Total income from operations not reported in the results.
• Paid-up equity share capital: Rs 401.31 Lacs.
• Cash and cash equivalents at end of year: Rs 0.88 Lacs.
• Net decrease in cash from operating activities: Rs 0.02 Lacs.

Appointment details

• Ms. Divya Garg appointed as Company Secretary and Compliance Officer, designated as Key Managerial Personnel (KMP).
• Date of appointment: 16 July 2026; full-time appointment.
• Reason for change: appointment.
• Professional profile: membership certificate dated 6 August 2018; experience in various audits.
• Disclosures: none with directors or promoters.
• Additional governance: designated KMP with authority for Company Secretary and Compliance Officer duties.

Financial Performance 📊

• Turner Industries reported standalone net loss of Rs. 0.31 lakh for Q3 FY26, improving from Rs. 0.64 lakh loss in Q2 FY26.
• Total income from operations was nil for Q3 FY26 and previous quarters.
• Total expenses for Q3 FY26 were Rs. 0.31 lakh, down from Rs. 0.64 lakh in Q2 FY26.
• Nine-month net loss stood at Rs. 1.25 lakh for FY26 versus Rs. 1.28 lakh for the same period last year.
• Basic and diluted EPS for Q3 FY26 was negative Rs. 0.01, improving from negative Rs. 0.02 in Q2 FY26.

Balance Sheet & Liquidity

• Total assets stood at Rs. 50.68 lakh as of Dec 31, 2025, largely unchanged from Rs. 50.80 lakh as of Mar 31, 2025.
• Borrowings increased slightly to Rs. 38.94 lakh as of Dec 31, 2025, from Rs. 37.80 lakh as of Mar 31, 2025.
• Cash and cash equivalents were Rs. 0.69 lakh as of Dec 31, 2025, down from Rs. 0.81 lakh as of Mar 31, 2025.
• Deferred tax assets remained stable at Rs. 46.69 lakh as of Dec 31, 2025.
• Other current liabilities decreased to Rs. 0.30 lakh as of Dec 31, 2025, from Rs. 0.60 lakh as of Mar 31, 2025.

Capital Structure

• Equity share capital remained stable at Rs. 401.31 lakh with a face value of Rs. 10 per share.
• Reserves excluding revaluation reserves were negative Rs. 386.28 lakh as of Dec 31, 2025.

Operations & Segment

• Company operates in property development with a single reportable segment under IND AS 108.

Audit

• Auditor’s review report issued with no material misstatements noted for Q3 FY26 financials.