Ardi Alliances Limited reported zero revenue from operations for the quarter ended September 30, 2026, resulting in a standalone net loss of ₹2.51 lakh.

The company recorded no income from operations or other sources during the second quarter of FY27. Total expenses stood at ₹2.51 lakh, comprising employee benefits of ₹1.33 lakh and other expenses of ₹1.18 lakh. This contrasts with a loss of ₹0.96 lakh in the corresponding quarter of the previous fiscal year.

Financial Performance Overview

For the half year ended September 30, 2026, the company posted a cumulative net loss of ₹7.83 lakh, driven by total expenses of ₹7.83 lakh against zero revenue. The loss widened significantly compared to the ₹2.82 lakh loss reported in H1FY26.

Balance Sheet and Liquidity Position

As on September 30, 2026, the company held total assets of ₹380.41 lakh. Non-current assets consisted entirely of investments valued at ₹226.64 lakh. Current assets included trade receivables of ₹121.61 lakh and cash and cash equivalents of ₹32.16 lakh.

Total equity stood at ₹25.21 lakh, reflecting negative other equity of ₹14.79 lakh. Liabilities totaled ₹355.20 lakh, including non-current borrowings of ₹150.02 lakh and current trade payables of ₹200.64 lakh.

Cash Flow Dynamics

Net cash used in operating activities was ₹6.98 lakh for the six months ended September 30, 2026. This outflow was offset by net cash from financing activities of ₹6.98 lakh, resulting in no net change in cash and cash equivalents. The closing cash balance remained steady at ₹32.16 lakh.

What the Numbers Show

The company’s financial position reveals a complete cessation of operational activity, with zero revenue generation across both quarters of H1FY27. A significant divergence exists between the balance sheet composition and the profit and loss statement: while the company holds substantial investments (₹226.64 lakh) and receivables (₹121.61 lakh), it generated no interest or dividend income to offset operating costs. Furthermore, current liabilities of ₹205.19 lakh exceed current assets of ₹153.77 lakh, indicating a working capital deficit that is currently being managed through financing activities rather than operational cash flow.

Ardi Alliances Limited concluded its 45th Annual General Meeting on September 29, 2026, with all five proposed resolutions passed unanimously. The scrutinizer's report confirms that 100% of the valid votes cast were in favor of the company's agenda items, including the adoption of FY26 financial statements and the regularization of three director appointments.

The meeting was chaired by Gautam Pravinchandra Sheth, Managing Director of the company. He welcomed members and outlined the company's future plans and performance. The Chairman thanked shareholders for their continued faith in the organization. Voting rights were reckoned as on September 22, 2026, serving as the cut-off date for entitlements.

Key resolutions passed

Shareholders voted on both ordinary and special business items. The ordinary business included the adoption of financial statements and the re-appointment of the Managing Director. Special business focused on formalizing the roles of three new directors. According to the consolidated report by M/s. Dharti Patel & Associates, there were zero votes against any resolution and no invalid votes recorded.

Voting and scrutiny process

Voting was conducted via ballot paper at the meeting and through an e-voting facility available from September 26 to September 28, 2026. Members who cast votes electronically were ineligible to vote by ballot paper. M/s. Dharti Patel & Associates served as the scrutinizer for the event.

The report indicates that remote e-voting participation was nil, with all 205,000 shares voting through venue ballots. The votes were unblocked in the presence of two witnesses after the conclusion of the meeting on September 29, 2026. The scrutinizer submitted the consolidated voting results to stock exchanges and the company website within the stipulated timeframe. The AGM commenced at 11:00 am and ended at 12:00 pm.