1. Approved Unaudited Standalone Financial Results for the Quarter and Half Year ended on September 30, 2025. along with Limited Review Report thereon. 2. Noted the Resignation of Statutory ....
Awaiting price reaction for this filing.
The Board approved the unaudited standalone financial results for the quarter and half year ended September 30, 2025. The company reported zero revenue from operations, with total expenses of Rs. 43.27 lakhs in H1 FY26 (versus Rs. 7.75 lakhs in H1 FY25), resulting in a widened net loss of Rs. 43.27 lakhs versus Rs. 7.75 lakhs a year earlier. Loss per share for H1 FY26 stood at Rs. (0.80). The balance sheet shows total assets of Rs. 155.81 lakhs, negative other equity of Rs. (425.69) lakhs, and a near-empty cash position of just Rs. 0.13 lakhs. Separately, the Board noted the resignation of Statutory Auditor M/s. Devpura Navlakha & Co. (FRN: 130349W), effective November 13, 2025, citing pre-occupation with other personal and professional commitments. The results also note that the company underwent a change in control during the quarter via an open offer under SEBI SAST Regulations, with existing promoters transferring their stake to a new promoter group, leading to resignations of existing management and promoter-group directors and appointment of new promoter-nominated directors.
Investors should treat this as a high-risk situation: the company is making losses, has no operating revenue, negligible cash, eroded net worth, and has just lost its auditor right after a change in control. Watch for appointment of a new statutory auditor and any revival or restructuring plan from the new promoter group, which will determine future direction.