Ind-Agiv Commerce Limited has uploaded its March 2026 financial results and Annual General Meeting notice to the Bombay Stock Exchange portal. The disclosure follows a technical failure that rendered the company’s official website non-operative.

Ind-Agiv Commerce informed the exchange on September 9, 2026, that the outage was caused by technical issues with its hosting provider. Management reported the matter to the host and generated a complaint ticket, citing case ID 02214698 for reference.

Compliance Measures

Despite the website being unavailable, the company ensured regulatory compliance by uploading all required data directly to the BSE platform. This action covers the filing of financial statements for the quarter ended March 2026, along with the notice for the upcoming annual general meeting.

The move aligns with Section 136(1) of the Companies Act, 2013, which mandates the upload of audited financial statements. The company apologized for the inconvenience caused to shareholders during this period.

What the Numbers Show

The source document provides no financial metrics, revenue figures, or profit data. The filing is purely procedural, addressing a technical disruption rather than reporting operational performance. Consequently, no analytical observation regarding financial trends or balance sheet signals can be derived from this specific communication.

Ind-Agiv Commerce reported a standalone net loss of ₹10.76 lakh for the quarter ended June 30, 2026, widening from the ₹6.80 lakh loss in the preceding quarter. The board approved the unaudited financial results on September 9, 2026.

The company’s independent auditors issued a qualified opinion on the consolidated and standalone financial statements. The qualification stems from the use of multiple ERP accounting software systems lacking audit trail features, forcing reliance on manual and Excel-based records.

Financial Performance

Revenue from operations was nil for the current quarter, continuing the trend from the previous quarter where no revenue was recorded. In contrast, the corresponding quarter of the previous year (Q1FY26) saw revenue of ₹163.62 lakh on a consolidated basis.

Total expenditure for the standalone entity rose to ₹10.76 lakh in Q1FY27, up from ₹6.80 lakh in the prior quarter. Key expense components included:

• Employee benefits: ₹3.85 lakh
• Finance costs: ₹3.13 lakh
• Other expenses: ₹3.52 lakh
• Depreciation & amortization: ₹0.25 lakh

The consolidated net loss stood at ₹11.49 lakh for the quarter, compared to a consolidated loss of ₹10.62 lakh in the same period last year.

Auditor Concerns

The independent auditors, H.G. Sarvaiya & Co., highlighted significant compliance and operational risks in their report dated September 3, 2026.

Unpaid Statutory Dues

The company has provided for but not paid statutory dues totaling ₹17,88,606 lakh. This includes:

• Provident Fund (PF): ₹34,795 lakh
• ESIC: ₹17,549 lakh
• TDS: ₹17,36,262 lakh

Overdue Loans and Legal Proceedings

Substantial loan obligations remain overdue. Pre-sales working capital loans from Redfort Capital Finance Co. Pvt Ltd, totaling approximately ₹7.78 crore (principal plus interest), are declared as Non-Performing Assets (NPA). These matters are currently under court law and pending arbitration under the direction of the Delhi High Court.

Additional working capital loans from lenders including Bajaj Fin Serve, Clix Capital, Neo Growth Credit Pvt Ltd, and Insta Capital are undergoing restructuring processes. The total outstanding overdue amount across these lenders exceeds ₹8 crore when combined with the Redfort liabilities.

What the Numbers Show

The absence of revenue generation alongside rising finance costs and employee benefits indicates a period of operational dormancy or severe contraction. The reliance on manual accounting systems, as noted by the auditor, raises concerns about data integrity and internal controls during this critical restructuring phase.