1. Approved the Unaudited Standalone Financial Results of the Company for the Second Quarter and half year ended 30th September 2025 along with Statutory Auditors Limited Review Report ....
Awaiting price reaction for this filing.
The board approved unaudited standalone financial results for Q2 and H1 FY26 (ended Sept 30, 2025) along with a clean limited review report from auditor Gorantla & Co. The company, formerly G.R. Cables Limited, reported revenue from operations of ₹138.74 lakhs in H1 FY26 versus nil in H1 FY25, indicating a restart of trading activity. However, it posted a loss of ₹120.28 lakhs for H1 FY26 (Q2 loss of ₹58.90 lakhs) versus a profit of ₹67.75 lakhs in H1 FY25, which was largely driven by a one-time ₹195.71 lakh gain from sale of land. Other equity turned negative at ₹-250.79 lakhs. The board also approved the issuance of up to 25 lakh equity shares (face value ₹10) on a preferential basis to strategic investors, pursuant to an NCLT-approved resolution plan.
The company remains loss-making at the operational level with negative operating cash flows (₹-25.81 lakhs in H1 FY26) and negative other equity, signalling accumulated losses. With borrowings of ₹778.36 lakhs against total equity of ₹610.74 lakhs, leverage is elevated. The proposed preferential equity issue could dilute existing shareholders but may strengthen the capital base and support turnaround efforts.