un-audited financial results of the company for the quarter and half year ended on september 30, 2025

Alliance Integrated Metaliks reported a wider net loss of Rs. 2,375.44 lakhs in Q2 FY26 versus a loss of Rs. 1,724.87 lakhs in Q2 FY25, taking the H1 FY26 loss to Rs. 4,445.98 lakhs (vs Rs. 3,463.61 lakhs in H1 FY25). Revenue from operations stood at Rs. 2,043.74 lakhs for the quarter and Rs. 3,648.10 lakhs for H1, representing a decline of roughly 14% year-on-year. The company's net worth is deeply negative at Rs. 30,805.13 lakhs (debit balance), and total loans of Rs. 54,876.66 lakhs have been classified as Non-Performing Assets by lenders. The auditor issued a qualified conclusion, flagging unreconciled trade payables, receivables, and bank loan balances. The auditor also explicitly highlighted a material uncertainty on going concern, citing sustained losses, eroded net worth, and current liabilities far exceeding current assets. Separately, an emphasis-of-matter note warns that certain immovable properties and promoter-company shares are under provisional attachment by the Enforcement Directorate under the PMLA, with the company's appeal pending before the Appellate Authority. Despite the losses, the company reported positive operating cash flow of Rs. 670 lakhs in H1 FY26 and is in active discussions with lenders under a One-Time Settlement proposal.