Financial Results for the Year Ended June 30, 2025

Note

026

ASSETS

Non-current assets

Property and equipment

6

Right of use assets

7

Intangible assets

8

Long term security deposits

9

Deferred cost

10

Deferred tax asset

11

15,965,890

91,922,750

Current assets

Short term investments

Stock in trade

12

Trade receivables

13

Advances, prepayments and other receivables

14

Current portion of deferred cost

10

Unclainied dividend

Tax refunds due from government

Cash andbank balances

15

142,965,685

29,559,710

Total assets

158,931,575

121,482,460

EQ_UITY AND LIABILITIES

Share capital andreserves

Authorized share capital

1,600,000,000

1,600,000,000

160,000,000 Ordinary shares of Rs. 10 each.

Issued, subscribed andpaid up share capital

16

Share deposit money

Retained earnings

93,459,399

62,930,260

Non-current liabilities

Lease liabilities

Deferred liability - net staff gratuity

17

t8

2,014,200

45,040,944

Current liabilities

Trade and other payables

19

Due to related parties

Unclaimed dividend

63J57,976

13,511,256

Contingencies andcommitments

20

Total liabilities

65,472,176

58,552,200

Total equity andliabilities

158,931,575

121,482A60

The annexed notes from 1 to 4} form anintegral part of these financial statements.

11,746,840

12,312,155

37,904,563

1,760,195

2,040,347

202,787

614,314

2,256,068

4,743,174

34,308,197

2,331

1,337

45,067,341

10,618,682

45,722,839

46,747,774

6,133,003

41,145

t42,512

11,041

2,183,134

3,201,121

12,653,135

250,000,000

250,000,000

83,149,030

(239,689,631)

(187,069,740)

2,014,200

45,040,944

58,989,412

t0,659,050

4,468,564

2,220,975

631,231

(29,503,942)

(20,062,807}

(15,173)

11,676,708

4,221,202

(292,571)

(5,225,064)

(9,768,216)

Revenue - net

21

395,711,571

206,376,426

Cost of revenue

(387,033,896)

(211,163,489)

Grossprofit/(loss)

8,677,675

(4,787,063)

Administrative expenses

23

Other operating expenses

24

(29,503,942)

(20,077,980)

Operating loss

(20,826,267}

(24,865,043)

Other income

25

Other expenses

26

Finance costs

27

6,451,644

(5,839,585)

Loss before levy and taxation

(14,374,624)

(30,704,628)

Levy

28

(2,795,005)

(758,670)

Loss before taxation

(17,169,629)

(31,463,298)

Taxa0on

28

(35,450,262)

(957,804)

Loss after taxation

(52,619,891)

(32,421,102)

Loss per share - basic

29

2 10

The annexed notes from 1 to 41 form an integral part of these financial statements.

Loss after taxation

(52,619,891)

(32,421,102)

Other comprehensive income

Items that mny be subsequently reclassified to pro/t or loss ifems that will not be subsequently reclassified to profit or loss

Other comprehensive income

Total comprehensive loss for the year

(52,619,891)

(32,421,102)

Loss before levy and taxation

(14,374,624)

(31,463,298)

Adjustments for:

Depreciation on property and equipment

6.1

783,585

108,355

Amortization onintangible assets

8

280,152

314,892

Depreciation on right of use assets

7

1,829,312

3,617,737

Notional gain onun-winding of long term security deposits

10

(85,860)

(104,303)

Gain on remeasurement of investment classified as FVTPL

(994)

(417)

Gain on termination of lease

(10,734,8S4)

(4,116,482)

Deferred liability - net staff gratuity

18

2,014,200

Provision for unclaimed dividend

11,041

Finance cost

27

5,225,065

9,768,216

Workers' welfare fund expense

15,173

(678,353)

9,603,171

Operating loss before working capital changes

(15,052,977}

(21,860,127}

Effect of working capital changes

(Increase)/denease in current assets

Stock in trade

(34,448,659)

(7,941,884)

Trade receivables

(45,722,839)

21,986,278

Advances, prepayments and other receivables

/40,614,772)

53,866,112

(120,786,270)

67,910,506

48,330,362

(22,307,476)

2,247,589

2,220,975

(6,t20,204)

3,000,000

(1,000,000)

(136,916)

(93,543)

Income taxes paid

Long term security deposit Finance cost paid

27

(3,213,747}

(1,136,916)

let cas1t (outflows)/in£IoweFrom operating activities

(88,475,043)

24,826,962

Cash flows from investing activities

Purchase of property and equipment

(218,270)

(10,817,510)

Purchase of intangible assets

-

(1,000,000)

Net cash outflows from investing activities

(218,270J

(11,817,510)

Cash flows from financing activities

Dividend paid

(631,231)

Proceeds from issuance of right shares

83,t49,030

Lease rentalpayments made during the period

17

(3,276,500)

(3,499,572)

Net cash inflows / (outflowe) from financing activiaes

79,241,299

(3,t99,572)

Net (decrease)/increase in cash and cash equivalents

(9,452,014)

9,509,880

Cash and cash equivalents at the beginning of the period

12,653,135

3,143,255

Cash and cash equivalents at end of the period

3,201,121

12,653,135

The ann ed notes from 1 to 4( form anintegral part of these financial statements.

*4

Balance as at July 01, 2023

250,000,000

(1S4,648,638)

95,351,362

Loss for the year ended June 30, 2024

Other comprehensive income for the year ended June 30, 2024

(32,421,102)

(32,421,102)

Balance as at tune 30, 2024

250,000,000

-

(187,069,740)

62,930,260

balance as at July 01, 2024

25O,ODD,OOD

(187,069,740)

62,930,260

Loss for the year ended June 30, 2025 Proceeds from issuance of right shares

Other comprehensive income for the year ended June 30, 2025

Balance as at June 30, 2025

Z50,000,000

83,149,030

(239,689,631)_ _

93,459,399

-

83,149,030

(52,619,891)

-

(52,619,891J

83,149,030