Outcome of the Board Meeting held today i.e. November 14, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company reported a Q2 FY26 loss of Rs. 2,375.44 lakhs, widening from Rs. 1,724.87 lakhs in Q2 FY25. For the half-year, loss stood at Rs. 4,445.98 lakhs with revenue declining roughly 14% YoY to Rs. 3,648 lakhs (from Rs. 4,257 lakhs). The auditor issued a qualified review report, noting that trade payables, receivables and term loan accounts remain unreconciled. Critically, the auditor flagged a material going concern uncertainty: net worth is fully eroded at a negative Rs. 30,805 lakhs, current liabilities far exceed current assets, and bank loans of Rs. 54,876.66 lakhs have been classified as non-performing assets (NPA). Additionally, the Enforcement Directorate has provisionally attached the company's immovable properties and promoter shares under PMLA, with the company's appeal pending before the Appellate Authority.
The stock carries severe financial distress risk — fully eroded net worth, NPA-classified debt of nearly Rs. 549 crore, widening losses, and an active ED attachment under PMLA. Shareholders face significant uncertainty around debt resolution (OTS) outcomes and whether the company can continue as a going concern. This filing is a major red flag; near-term stock price is likely to remain under pressure until lender negotiations and ED legal proceedings show progress.