1. Energy II Limited stake sale - completed - The company received the final USD 8.4 million balance consideration post-March 2025, concluding the entire sale of its stake in Energy II Limited, following an initial receipt of USD 52.5 million during FY25. This completes a significant cash realisation from a legacy investment, directly strengthening the balance sheet after years of asset disposals to repay lenders.
2. One-Time Settlements - legacy debt resolution - A ₹67 crore payment to a lender of a subsidiary under liquidation secured a no-dues certificate during the quarter ended December 2025, and management stated in November 2025 that negotiations with another lender were at an advanced stage with a settlement expected in the next quarter. Clearing legacy guarantees removes contingent liabilities that have weighed on the company and frees management to pursue the stated ship-acquisition programme.
3. Netting of inter-company balances - regulatory approval pending - The company has netted off ₹331.26 crore payable to a wholly owned overseas subsidiary against receivables from that same subsidiary, subject to regulatory approval. If approved, this single entry would slash both reported debt and receivables, materially simplifying a balance sheet that currently carries ₹1,615 crore of debt.
4. Fleet operations - single tug on long-term charter - The company’s sole operating asset, a tug on a long-term charter at market rates, generates charter hire income and is cited by management as a source of cash flow to improve liquidity. While small in absolute terms, it is the only active revenue stream while the company works through its restructuring, and its cash contribution helped current assets exceed current liabilities by ₹4.68 crore as of March 2026.