Outcome of board meeting for unaudited results and other matters
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The Board of Directors of AFLOAT Enterprises Limited (formerly Adishakti Loha and Ispat Ltd) met on 12 November 2025 and approved the unaudited standalone financial results for the half year ended 30 September 2025. Statutory auditor V.N. Purohit & Co. issued an unmodified limited review report with no qualifications or adverse observations. The company also disclosed related party transactions for the period and confirmed there was no deviation or variation in the use of proceeds from the earlier preferential warrant issue (80 lakh equity shares allotted at Rs 12.80 each, totalling Rs 10.24 crores). The cash flow statement indicates operating cash flow turned negative during the period, compared to positive operating cash flow in the prior corresponding period, which signals weaker operational cash generation in H1 FY26.
Clean auditor review and on-time submission of H1 results are routine compliance positives and keep disclosure risks in check. However, the apparent swing to negative operating cash flow may concern shareholders monitoring working capital and operational health, and warrants close attention when reviewing full-year performance.