Priya Ltd

Book closure and AGM

• Book closure from 24 September 2026 to 30 September 2026 (inclusive) for the 39th AGM.
• AGM scheduled for 30 September 2026 at 11:30 a.m.

Financial snapshot

• Revenue from operations: 0.00; Other income: 0.10; Total income: 0.10.
• Profit before tax: 434.50; Tax: 0; Profit after tax: 434.50.
• Exceptional item: notional gain 803.39; Total comprehensive income: 434.40.
• Earnings per share: Basic 14.47; Diluted 14.47.
• Cash flows summary: Operating 783.48; Financing -893.46; Closing cash 0.92.

Operations status & outlook

• Company non-operational; no revenue; NPAs led to blocked bank accounts.
• Ongoing one-time settlement discussions; Rs 1.75 crore deposited in No Lien account.
• Auditors issued Adverse Opinion; going-concern basis acknowledged, reliant on lender resolutions.
• Outlook depends on resolving liabilities; revival not expected in near term.
• CFO vacancy since 30-Nov-2022; not filled.

Capital structure & liquidity

• Equity capital: 3,002,300 shares; paid-up Rs 300.23 Lakhs.
• Net worth negative: Rs -4,463.55 Lakhs.
• Borrowings total: Rs 1,716.96 Lakhs; bank 298.84; group 902.88; director 452.94.
• Cash and cash equivalents: Rs 0.92 Lakhs.
• Delisting: BSE listing; Calcutta Exchange delisting in process.

Governance & audit

• Statutory auditors JM & Associates appointed for five years, subject to member approval.
• Secretarial audit by SPRS & Co. LLP with multiple observations.
• Board changes: Hema Thakur resigned 25-May-2026; Sushil Sakpal Independent appointed.
• AGM date set for 30-Sep-2026.

Related party transactions

• Related party transactions are arm's length and disclosed.
• Priya International payable: 62.30; Aditya Bhuwania loan: 11.16.
• VXL receivable: 74.85; Brent/Cheshire guarantees: 3,062.65 each.
• VXL Instruments investment: 34.29.

Risks & outlook

• NPAs and SARFAESI notices; willful defaulter declarations contested by management.
• CIRP proceedings for related parties; potential impact on company.
• Cash losses in current and prior years; viability concerns.
• Governance/compliance issues noted: CFO vacancy, portal upload delays.

Financial highlights

• Revenue from operations: 0.03 lakh; total income: 0.03 lakh.
• Total expenses: 91.68 lakh.
• Net loss for the quarter: 91.65 lakh.
• Profit before tax: (93.77) lakh.
• Basic/diluted EPS: (3.05).

Auditor observations

• Auditor JM & Associates issued Adverse Opinion on results.
• Reasons include NPAs and negative net worth.
• Emphasis of matter: interest on NPAs; outstanding 22,852.83 lakh.
• Advance tax refunds: 247.58 lakh; gratuity payable: 266.28 lakh.
• CFO vacancy since Dec 2022; revival options being explored.
• Bank properties auctioned; proceeds not available as of 30 Jun 2026.
• Related parties under CIRP: VXL Instruments Ltd and VXL Software Solutions Pvt Ltd.
• Promoter pledged 2,00,500 equity shares with Indian Bank.
• One-time settlement deposit: 1.75 crore; proposed settlement: 222.81 crore.
• Doubtful debts provision: 3,269.64 lakh; RBI/FEMA approvals not sought.

Balance sheet indicators

• Total assets: 144.58 lakh.
• Total liabilities: 4699.87 lakh; negative net worth: Rs 4,555.29 lakh.

Dematerialisation processing and listing

• Securities received for dematerialisation up to 30 June 2026 were confirmed (accepted/rejected) to depositories.
• Dematerialised securities have been listed on the stock exchange where the earlier issued securities are listed.
• Physical certificates were mutilated and cancelled after verification, with depository name substituted as registered owner within 15 days.

Meeting Details

• Board meeting on 28 May 2026 at the registered office in Mumbai.

Key Agenda Items

• Approve audited financial results for the quarter and year ended 31 March 2026.

Other Notes

• Trading window closed from 1 April 2026 until 48 hours after results are made public on 1 June 2026.