South Asian Enterprises Ltd (526477)

South Asian Enterprises received an order dated September 22, 2026, from the Income Tax Department provisionally attaching properties of deceased promoter Shri Mahesh Prasad Mehrotra under Section 84 of the Black Money Act read with Section 281B of the Income-tax Act. The attachment impacts a total of 58,674 equity shares in the company, comprising 58,673 shares passed onto him from Ms. Divya Mehrotra (deceased) and 1 share held directly. The action pertains to allegedly undisclosed foreign assets representing income not disclosed for taxation in India. Management stated that the order will not have any material impact on company operations or financials.

• 58,674 total equity shares under provisional attachment order dated 22/09/2026
• Pertains to 58,673 shares inherited from Ms. Divya Mehrotra and 1 share held by Shri Mahesh Prasad Mehrotra
• Action initiated under Section 84 of the Black Money Act, 2015 and Section 281B of the Income-tax Act, 1961
• Allegation involves undisclosed foreign assets representing income not disclosed for taxation in India

South Asian Enterprises reported a net loss of ₹6.70 lakhs for Q1 FY27, widening slightly from a loss of ₹5.96 lakhs in the same quarter last year. Total income for the quarter stood at ₹11.61 lakhs, with the trading segment contributing ₹7.71 lakhs while the entertainment segment remained inactive with zero revenue. The company also announced the appointment of Shri Rakesh Srivastava, a retired IAS officer with 40 years of public service experience, as an Independent Director for a five-year term. Given the company's micro-cap status and TTM revenue of just ₹2 crore, these results reflect a continued struggle to achieve operational scale.

• Revenue from operations increased to ₹7.71 lakhs in Q1 FY27 from ₹3.60 lakhs in Q1 FY26.
• Net loss for the quarter widened to ₹6.70 lakhs compared to ₹5.96 lakhs in the previous year's corresponding period.
• Trading segment accounted for 100% of operational revenue at ₹7.71 lakhs, while Entertainment segment revenue was nil.
• Total Comprehensive Loss for the period was ₹6.62 lakhs after accounting for other comprehensive income.
• Appointment of Shri Rakesh Srivastava (Retired IAS) as Independent Director for a 5-year term effective August 08, 2026.

South Asian Enterprises reported a revenue of ₹7.71 lakhs for Q1 FY27, up from ₹3.60 lakhs in the year-ago period. The company remains loss-making with a net loss of ₹6.70 lakhs, though this is an improvement over the ₹15.30 lakhs loss reported in Q1 FY26. Total income for the quarter (₹11.61 lakhs) represents only about 5.8% of the TTM revenue of ₹2 crore, highlighting the company's extremely small scale. Additionally, the board appointed Rakesh Srivastava, a retired IAS officer, as an Independent Director for a five-year term.

• Revenue from operations grew to ₹7.71 lakhs from ₹3.60 lakhs in the corresponding quarter of the previous year.
• Net loss for the quarter narrowed to ₹6.70 lakhs compared to a loss of ₹15.30 lakhs in Q1 FY26.
• The Entertainment segment reported zero revenue for the quarter, with all operational revenue coming from Trading.
• Total Capital Employed stood at ₹320.57 lakhs as of June 30, 2026.
• Appointment of Shri Rakesh Srivastava (IAS - Rajasthan Cadre 1981 Batch) as Independent Director for 5 years.

South Asian Enterprises Ltd has scheduled a board meeting for August 8, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company, which operates in the amusement and recreation industry, reported a TTM revenue of Rs 2 Cr and a small profit in FY25 of Rs 0.22 Cr. The trading window for designated persons will remain closed until August 10, 2026. This is a routine regulatory filing required under SEBI Listing Obligations.

• Board meeting scheduled for August 8, 2026, to approve Q1 FY27 results
• Trading window for insiders closed until August 10, 2026
• Company reported TTM revenue of Rs 2 Cr as of the latest financial context
• FY25 annual revenue stood at Rs 1.81 Cr with a net profit of Rs 0.22 Cr

South Asian Enterprises Ltd has informed the exchange of the sudden demise of Shri Prem Narain Parashar, a Non-Executive Independent Director, on July 24, 2026. Consequently, he has ceased to be a director and has vacated all other positions held within the company. This is a procedural disclosure under Regulation 30 of SEBI (LODR) Regulations. The company, which has a TTM revenue of Rs 2 Cr, will need to appoint a successor to maintain regulatory board composition.

• Demise of Shri Prem Narain Parashar (DIN: 09691343) occurred on July 24, 2026
• Cessation from all positions in the company effective from July 24, 2026
• Company operates with a small scale, reporting TTM revenue of Rs 2 Cr
• Promoter holding remains stable at 61.08% as of June 2026

South Asian Enterprises Ltd has reported the demise of Shri Prem Narain Parashar, a Non-Executive Independent Director, on July 24, 2026. Consequently, he ceases to hold his position on the board and all associated committees from the same date. The company is a micro-cap entity with a TTM revenue of Rs 2 Cr and a net worth of Rs 3 Cr. This is a mandatory regulatory disclosure, and the company will need to appoint a replacement to maintain board composition as per SEBI LODR requirements.

• Shri Prem Narain Parashar (DIN: 09691343) passed away on July 24, 2026.
• He served as a Non-Executive, Independent Director of the company.
• The company reported a small TTM revenue base of Rs 2 Cr.
• Promoter holding remains stable at 61.08% as of June 2026.