The Board has approved and taken on record the Unaudited Financial Results (Standalone) of the Company for the Third quarter ended on 31st December, 2025 of the Current Financial Year 2025-26 ....
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The Board approved unaudited standalone results for Q3 FY25-26. Revenue from operations fell sharply to Rs 5.92 lakh in Q3 FY26 from Rs 10.98 lakh in Q3 FY25, a drop of about 46% year-on-year. Nine-month revenue also declined to Rs 21.13 lakh from Rs 32.85 lakh. The company reported a small loss before tax of Rs 0.47 lakh in Q3 and a loss of Rs 0.51 lakh for nine months, with negative basic EPS of Rs (0.001). The statutory auditor issued a Disclaimer of Conclusion, flagging multiple serious issues: non-current investments of Rs 113.67 lakh with no supporting documents, an unprovided income tax demand of Rs 344.56 lakh for AY 2017-18, and inventory of Rs 1,648.18 lakh (about 93% of total assets) valued using a stale May 2023 report. The auditor highlighted a material uncertainty about the company's ability to continue as a going concern, noting management plans to shift from an asset-heavy to an asset-light model.
This is a high-risk filing: the auditor declined to express any conclusion due to pervasive unresolved issues, and raised a going-concern doubt because nearly all assets are tied up in non-moving inventory with no recent valuation. Shareholders face significant uncertainty around the company's financial reporting reliability, a large undisclosed tax liability, and the fundamental viability of the business.