Epsom Properties Limited is a Chennai-based real estate entity primarily focused on the development of residential and commercial properties. While the company is currently navigating a period of operational stagnation and financial restructuring, it maintains a formal corporate framework under the **Indian Accounting Standards (Ind AS)** and is actively seeking new business opportunities to resume commercial activity. --- ### Core Business Model and Segment Reporting The company operates exclusively within the **Property Development** sector. Its business model is centralized around a single reportable segment, ensuring a focused, albeit currently inactive, operational scope. * **Primary Segment:** Engaged solely as **Property Developers**. * **Accounting Framework:** Financial results and disclosures are prepared in accordance with **Ind AS 108** (Operating Segments) and **Section 133 of the Companies Act, 2013**. * **Operational Status:** As of the latest reporting cycles (including **January 2026** reviews), the company remains committed to the single-segment model, though it has reported **NIL income** for consecutive fiscal years. --- ### Corporate Infrastructure and Leadership Epsom Properties has recently undergone a transition in its physical location and leadership team to streamline governance and prepare for potential future projects. | Feature | Current Status / Detail | | :--- | :--- | | **Registered Office** | **Safi House, 2nd Floor, Anna Salai, Teynampet, Chennai - 600006** (Effective April 1, 2024) | | **Managing Director** | **Mallour Rajesh Kumar** | | **CFO & Whole-time Director** | **Sanga Tejaswi** (Appointed effective October 23, 2022) | | **Previous Office Location** | **Perungudi, Chennai** (Relocated to centralize operations) | --- ### Financial Performance and Capital Structure The company’s financial position is characterized by a lack of revenue and a lean expenditure profile, resulting in persistent net losses. **Comparative Financial Data:** | Metric | FY 2022-23 | FY 2021-22 | | :--- | :--- | :--- | | **Total Income** | **NIL** | **NIL** | | **Total Expenditure** | **Rs. 31.85 Lakhs** | **Rs. 32.61 Lakhs** | | **Net Loss** | **Rs. 31.85 Lakhs** | **Rs. 32.61 Lakhs** | **Capital and Reserves:** * **Authorized Share Capital:** **Rs. 15,00,00,000** (comprising 1.5 Crore Equity Shares at **Rs. 10** each). * **Paid-up Share Capital:** **Rs. 7,45,28,000** (comprising 74,52,800 Equity Shares at **Rs. 10** each). * **Reserve Status:** No funds have been transferred to reserves due to the **continuous incurrence of losses**. * **Public Deposits:** The company has **not accepted any deposits** under **Sections 73 and 74** of the Companies Act, 2013. --- ### Governance, Compliance, and Audit Framework A primary strategic priority for the **2024-25** fiscal year and beyond is the enhancement of corporate governance and statutory transparency. * **Statutory Auditor Rotation:** Following the completion of the term by **Messrs. A. John Moris & Co.**, the company has proposed the appointment of **Messrs. S. Vishnu & Co.** (ICAI Firm Registration No. **005179S**). * **Audit Tenure:** A **5-year term** is set from the **37th AGM** through to the **42nd AGM**. * **Audit Remuneration:** Proposed at a fixed **Rs. 55,000/- plus GST** for **2024-25**, reflecting a controlled administrative cost base. * **Insider Trading Compliance:** The company has successfully implemented a **Structured Digital Database (SDD)** software to comply with **SEBI (Prohibition of Insider Trading) Regulations, 2015**. * **Board Composition:** Maintains a regulated balance of **Executive, Non-Executive, and Independent Directors**. --- ### Critical Risk Factors and Going Concern Assessment Investors should note significant fundamental risks regarding the company’s ability to sustain its "Going Concern" status. * **Operational Cessation:** There are currently **no active commercial operations**. The company is in a "search phase" for new business opportunities, with no definitive timeline for revenue commencement. * **Total Capital Erosion:** As of **September 2025**, **100% of the share capital has been eroded** by cumulative losses. * **Going Concern Uncertainty:** The validity of the financial statements is contingent upon the company’s ability to: 1. Successfully launch new operations. 2. Generate sufficient cash flow to settle outstanding and future obligations. * **Industrial Relations:** Despite the lack of active projects, the company reports that internal industrial relations remain **cordial**. **Risk Summary Table:** | Risk Category | Current Status | | :--- | :--- | | **Commercial Status** | **Inactive** | | **Net Worth** | **Fully Eroded (100%)** | | **Profitability Trend** | **Continuous Losses** | | **Audit Status** | **Material uncertainty** regarding Going Concern |