Inland Printers Limited (**IPL**) is an Indian listed entity currently undergoing a fundamental strategic transformation. Historically a commercial printing firm, the company is pivoting toward a high-growth model centered on **FinTech**, **Corporate Advisory**, and **E-commerce**. This transition is being executed through a court-approved **Scheme of Amalgamation** with **Parthiv Corporate Advisory Private Limited (PCAPL)**, intended to revitalize the company’s inactive business shell and establish a sustainable revenue-generating platform. --- ### Strategic Amalgamation & Corporate Rebranding The cornerstone of IPL’s future value proposition is its merger with **PCAPL** (Appointed Date: **January 1, 2023**). This restructuring is designed to consolidate resources and shift the company’s mandate toward financial services. | Feature | Details | |:---|:---| | **Transferor Company** | Parthiv Corporate Advisory Private Limited (PCAPL) | | **Transferee Company** | Inland Printers Limited (IPL) | | **Revised Share Swap Ratio** | **27** Equity Shares of IPL for every **1** Equity Share of PCAPL | | **Authorized Capital** | Increased from **₹12 Crore** to **₹22 Crore** post-merger | | **Proposed Name Change** | **Parthiv Fintech Limited** | | **Listing Status** | Listed on **BSE Limited** (Scrip Code: **530787**) | **Management Shift:** Upon completion, the existing promoters (**Kiran and Bhavesh Patel**) will be reclassified as **Non-Promoters**, with the PCAPL leadership team assuming management control to drive the new FinTech and advisory mandate. --- ### Diversified Service Portfolio & Market Intermediation The company is positioning itself as a multi-faceted intermediary and consultancy provider. The core service architecture is divided into four primary pillars: #### 1. Financial & Investment Services * **Distribution & Solicitation:** Acting as agents and brokers for **Mutual Funds**, **Bonds**, and other financial products issued by banks and financial intermediaries. * **Investment Advisory:** Providing opportunity identification and assessment for **Venture Capital Funds**, trusts, and institutional investors. * **Asset Management Support:** Facilitating debt financing and equity-linked securities for corporate and individual clients. #### 2. Insurance Brokerage * **Indirect Ownership:** IPL holds **75%** (5,62,500 shares) of **Efficient Insurance Brokers Private Limited (EIBPL)**. * **Operations:** Analyzing client risk profiles, maintaining insurance market knowledge to negotiate competitive pricing, and managing end-to-end claims and underwriting data. #### 3. Corporate Advisory & Professional Services * **Strategic Consultancy:** Specialized services in **IT**, **Legal**, **Accountancy**, **Engineering**, and **Management**. * **Documentation:** Preparation of project reports, search reports, and facilitating government liaison. * **BPO & Operational Support:** Providing **Call Center** operations, **Data Processing**, **Fulfillment**, and **Brand Building** services. #### 4. Marketing & E-Commerce * **Digital Transition:** Transitioning legacy printing expertise into **E-Commerce activities** related to the printing business. * **Distribution Networks:** Engaging in **Multi-level Marketing (MLM)**, **Direct Marketing**, and acting as an **Export House**. --- ### Financial Performance & Operational Metrics IPL is currently in a **pre-revenue stage** as it manages the administrative costs of its transition. The company has reported **zero operational revenue** for several consecutive years. **Financial Summary (INR Lakhs):** | Metric | FY 2021-22 | FY 2022-23 | FY 2023-24 | | :--- | :--- | :--- | :--- | | **Revenue from Operations** | **0.00** | **0.00** | **0.00** | | **Profit Before Tax (PBT)** | **(22.15)** | **(21.94)** | **(47.58)** | | **Profit After Tax (PAT)** | **(21.50)** | **(22.01)** | **(47.58)** | **Operational Structure:** * **Operating Cycle:** Defined as **12 months**. * **Shareholding:** **100%** of shares are dematerialized; **72.09%** are held with **CDSL**. * **Workforce:** Operates with a lean team of **fewer than 10 workers**, exempting the firm from certain statutory committee requirements (e.g., Sexual Harassment Act ICC). * **Foreign Investment:** The company currently has **no foreign investments or collaborations**. --- ### Governance & Leadership The company has recently restructured its leadership to support the amalgamation process and ensure regulatory compliance. * **Key Appointments:** **Ms. Krishana Sharma** (Company Secretary & Compliance Officer) and **Mrs. Anju Ashok Tiwari** (Additional Non-Executive Independent Director) joined in **January 2025**. * **Executive Leadership:** Whole-time Director **Kishor Sorap** (term until **September 2026**) was granted a remuneration of **₹75,000 per month** starting **December 2023** for his role in steering the merger. * **Registered Office:** Relocated to **Borivali West, Mumbai** in **February 2025** to align with the new operational focus. * **Auditors:** * **Statutory:** M/s **YRKDAJ AND ASSOCIATES LLP** (Appointed for 5 years in Sept 2024). * **Internal:** M/s. Harshil Shah & Company. --- ### Risk Factors & Challenges Investors should note several critical risks associated with the company’s current status: * **Liquidity & Revenue Stagnation:** The company faces a total **lack of funds** from operations. While management claims existing capacity is sufficient for **4 to 5 years**, there is no definitive timeline for the commencement of revenue-generating activities. * **Regulatory Dependencies:** The **Scheme of Arrangement** is pending final disposal before the **NCLT, Mumbai Bench**. Any delay or rejection would significantly impact the company's revival strategy. * **Statutory Non-compliance:** The company has failed to register for or pay **Professional Tax** in Maharashtra, with outstanding dues totaling **₹14,800** as of late 2024. * **Infrastructure & Logistics:** Local infrastructure issues, such as the deteriorating **Shahad Bridge** (30-35 years old, structural wear), pose logistical risks for physical operations in the region. * **Audit Disclaimer:** Statutory auditors have explicitly stated they provide **no assurance** regarding the company’s ability to discharge liabilities falling due within the next **one year**, despite the "going concern" classification.