Fone4 Communications (India) Limited — Six months and year ended 31 March 2026
| To, | Date: 14-05-2026 |
|---|---|
| The Manager, | Scrip Code: 543521 |
| BSE Limited, | Symbol: FONE4 |
| Department of Corporate Services, | ISIN: INE0L3H01014 |
| Phiroze Jeejeebhoy Towers, | |
| Dalal Street, Mumbai – 400001. |
| Sl.No | Particulars | Six months ended | Year ended |
|---|---|---|---|
| 31.03.2026 (Audited) | 30.09.2025 (Unaudited) | ||
| 1 | Income | ||
| a) Revenue from operations | 3,608.29 | 1,532.36 | |
| b) Other income | 141.69 | 0.00 | |
| Total income | 3,749.98 | 1,532.36 | |
| 2 | Expenses | ||
| a) Purchase of stock in trade | 3,455.35 | 1,530.91 | |
| b) Changes in inventories of stock in trade | 393.53 | – | |
| c) Employee benefits expense | 1.05 | 0.75 | |
| d) Finance costs | 8.26 | 7.83 | |
| e) Depreciation and amortisation expense | 1.00 | 1.11 | |
| f) Other expenses | 86.54 | 128.83 | |
| Total expenses | 3,945.73 | 1,669.42 | |
| 3 | Profit/(Loss) before exceptional item & tax (1-2) | (195.75) | (137.06) |
| 4 | Exceptional Items | – | – |
| 5 | Profit/(Loss) before tax (3-4) | (195.75) | (137.06) |
| 6 | Tax expense | ||
| 1) Current tax | – | – | |
| 2) Deferred tax | 2.30 | 2.28 | |
| 7 | Net Profit/(Loss) after tax (5-6) | (198.06) | (139.34) |
| 8 | Paid-up Equity Share Capital (Face value of Rs.10/- each) | 2,495.00 | 2,495.00 |
| 9 | Reserves (excluding revaluation reserve) | – | – |
| 10 | Earnings per share (of Rs.10/- each) | ||
| Basic & Diluted (Rs.) | (0.79) | (0.58) |
| Particulars | Standalone |
|---|---|
| As at 31.03.2026 | |
| EQUITY AND LIABILITIES | |
| 1. Shareholders’ funds | |
| a) Share capital | 2,495.00 |
| b) Reserves and surplus | (1,272.39) |
| Total Equity | 1,222.61 |
| 2. Liabilities | |
| Non-current liabilities | |
| a) Long-Term Borrowings | 161.37 |
| b) Deferred tax liability | – |
| c) Other long-term liabilities | – |
| d) Long-term provisions | – |
| Total non-current liabilities | 161.37 |
| a) Short-Term Borrowings | 140.79 |
| b) Trade payables | |
| (i) Total outstanding dues of micro enterprises and small enterprises; and | – |
| (ii) Total outstanding dues of creditors other than micro enterprises and small enterprises | 1,599.13 |
| c) Other current liabilities | 40.62 |
| d) Short-term provisions | 13.95 |
| Total current liabilities | 1,794.49 |
| Total equity and liabilities | 3,178.47 |
| Assets | |
| 1. Non-current assets | |
| a) Property, plant and equipment and Intangible Assets | |
| (i) Property, plant and equipment | 11.95 |
| (ii) Intangible assets | 0.90 |
| b) Deferred tax assets | 42.03 |
| c) Non-current investment | – |
| d) Long-term loans and advances | 1,505.19 |
| e) Other non-current assets | – |
| Total non-current assets | 1,560.07 |
| 2. Current assets | |
| a) Inventories | 532.42 |
| b) Trade receivables | 332.09 |
| c) Cash and bank balances | 5.94 |
| d) Short-term loans and advances | 544.65 |
| e) Other current assets | 203.30 |
| Total current assets | 1,618.40 |
| Total assets | 3,178.47 |
| Particulars | For the year ended 31.03.2026 | For the year ended 31.03.2025 |
|---|---|---|
| A. Cash flow from operating activities | ||
| Profit/(loss) before tax | (332.82) | (294.45) |
| Adjustments for : | ||
| Depreciation and amortisation expense | 2.11 | 5.38 |
| Provision for slow moving inventory | 175.56 | – |
| Provisions Written Back | (141.65) | – |
| Interest incomes | (0.04) | (0.04) |
| Interest expenses | 16.09 | 21.00 |
| Operating (loss)/profit before working capital changes | (280.74) | (268.11) |
| Changes in assets and liabilities | ||
| (Increase) / Decrease in inventories | 393.53 | 237.00 |
| (Increase) / Decrease in trade receivables | (176.82) | 91.44 |
| (Increase) / Decrease in loans and advances | – | (1.50) |
| (Increase) / Decrease in other assets | 24.56 | (9.32) |
| Increase / (decrease) in trade payables | (1,127.06) | 37.37 |
| Increase / (decrease) in provisions | – | – |
| Increase / (decrease) in other liabilities | (3.44) | (87.25) |
| Cash generated from operating activities | (1,169.98) | (0.37) |
| Taxes paid (net of refunds) | (19.03) | (1.46) |
| Net cash generated from operating activities | (1,189.01) | (1.83) |
| B. Cash Flow from Investing Activities | ||
| Purchase of tangible and intangible assets | (0.11) | (0.28) |
| Investment in fixed deposits with bank | (0.04) | – |
| Sale proceeds from sale of property, plant and equipment | – | – |
| Interest and other income | 0.04 | – |
| Net cash generated from/(used in) investing activities | (0.11) | (0.28) |
| C. Cash flows from financing activities | ||
| Interest and finance cost | (16.09) | (21.00) |
| Proceeds from issues of equity shares | 1,185.00 | – |
| Net proceed (repayment) of long term borrowings | 11.35 | 46.06 |
| Net proceed (repayment) of short term borrowings | 8.54 | (22.62) |
| Net cash generated from/(used in) financing activities | 1,188.80 | 2.44 |
| Net increase/(decrease) in cash and cash equivalents (A+B+C) | (0.32) | 0.33 |
| Cash and cash equivalents at the beginning of year | 5.59 | 5.26 |
| Cash and cash equivalents at the end of year | 5.27 | 5.59 |
| Cash and cash equivalents comprise of: | ||
| Particulars | 31.03.2026 | 31.03.2025 |
| Cash on hand | 2.82 | 2.82 |
| Balance with banks | 2.45 | 2.77 |
| – in current accounts | – | – |
| – deposits with original maturity < 3 months | – | – |
| Total Cash and cash equivalents | 5.27 | 5.59 |
| Object of issue | Amount received | Amount utilized till 31 March 2026 | Amount unutilized till 31 March 2026 | Deviation (if any) |
|---|---|---|---|---|
| Working Capital Requirements | 1,066.50 | 1,066.50 | – | – |
| General Corporate Purpose | 118.50 | 118.50 | – | – |
| Total | 1,185.00 | 1,185.00 | – | – |
| S. No. | Particulars | Audited Figures (as reported before adjusting for qualifications) (Amt in Lacs) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 5,140.65 | 5,140.65 |
| 2 | Total Expenditure | 5,615.16 | 5,615.16 |
| 3 | Net Profit/(Loss) | (337.40) | (337.40) |
| 4 | Earnings Per Share | (1.45) | (1.45) |
| 5 | Total Assets | 3,178.47 | 3,178.47 |
| 6 | Total Liabilities | 1,955.86 | 1,955.86 |
| 7 | Net Worth | 1,222.61 | 1,222.61 |
| 8 | Any other financial item(s) (as felt appropriate by the management) |
| S. No | Particulars | Remarks |
|---|---|---|
| 1. | Details of Audit Qualification: | Following qualification has been given by the Auditors in the audit report on Standalone Financial Statements of the Company:
the confirmations regarding the closing balances of trade receivables, trade payables and loans & advances were not made available to us by the management in certain cases. Therefore, we are unable to comment on whether those balances, as shown in financial results, are correct or not. |
| 2. | Type of Audit Qualification: Qualified Opinion / Disclaimer of Opinion / Adverse Opinion | Qualified |
| 3. | Frequency of qualification: Whether appeared first time / repetitive / since how long continuing | Repetitive |
| 4. | For Audit Qualification(s) where the impact is quantified by the auditor, Management’s Views: | Not Applicable |
| 5. | For Audit Qualification(s) where the impact is not quantified by the auditor: | |
| (i) Management’s estimation on the impact of audit qualification: | We would like to inform you that the number of employees in the Company had previously fallen below the minimum threshold required for applicability under the Act. Accordingly, the Company was not in compliance due to inapplicability of the said provisions at that time. However, we are currently in the process of ensuring compliance. | |
| (ii) If management is unable to estimate the impact, reasons for the same: | Not Ascertainable | |
| (iii) Auditors’ Comments on (i) or (ii) above: |
| S. No. | Particulars | Audited Figures (as reported before adjusting for qualifications) (Amt in Lacs) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 5,140.65 | 5,140.65 |
| 2 | Total Expenditure | 5,615.16 | 5,615.16 |
| 3 | Net Profit/(Loss) | (337.40) | (337.40) |
| 4 | Earnings Per Share | (1.45) | (1.45) |
| 5 | Total Assets | 3,178.47 | 3,178.47 |
| 6 | Total Liabilities | 1,955.86 | 1,955.86 |
| 7 | Net Worth | 1,222.61 | 1,222.61 |
| 8 | Any other financial item(s) (as felt appropriate by the management) |
| S. No | Particulars | Remarks |
|---|---|---|
| 1. | Details of Audit Qualification: | Following qualification has been given by the Auditors in the audit report on Standalone Financial Statements of the Company: the Company has not complied with the provision of Income Tax Act, 1961 (“IT Act”) by failing to file the Income Tax Return (“ITR”) under section 139 of the IT Act and Tax Audit Report (“TAR”) under |