Pursuant to the Regulation 30 read with Schedule III and 33 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 ('SEBI Listing Regulations'), we hereby inform ....
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The Board of Amalgamated Electricity Company Limited approved its unaudited standalone financial results for the quarter and half year ended September 30, 2025. The company reported zero revenue from operations and total income of just ₹0.87 lakhs for both Q2 and H1 FY26. It posted a loss before tax of ₹9.95 lakhs for H1 FY26 (vs ₹7.70 lakhs loss in H1 FY25), with total comprehensive loss of ₹9.95 lakhs. The auditor (Vatsaraj & Co.) flagged a 'Material Uncertainty on Going Concern', noting that current liabilities exceed total assets by ₹49.22 lakhs and the company's ability to continue depends on future operations and financial support. Total equity is deeply negative at ₹(49.22) lakhs with other equity at ₹(188.05) lakhs.
This is a serious red flag for shareholders — the auditor has explicitly raised a going concern issue, the company has negative net worth, virtually no operating revenue, and is funding losses through fresh borrowings (borrowings jumped to ₹68.52 lakhs from ₹6.92 lakhs). Stock price may face pressure and the company appears to be in financial distress.