Amendment to the Code for Fair Disclosure
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.9 pts less than Nifty Microcap 250 and 6.6 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved unaudited results for Q2 and H1 FY26 (ended Sept 30, 2025). Revenue from operations jumped sharply — Q2 at Rs 145.31 lakhs vs Rs 54.47 lakhs YoY (~167% growth) and H1 at Rs 247.49 lakhs vs Rs 65.58 lakhs (~277% growth), driven by the EV chargers business. Q2 swung to a profit of Rs 21.07 lakhs (vs a loss of Rs 29.48 lakhs YoY), though H1 FY26 remained in the red at Rs (66.01) lakhs. Operating cash flow was deeply negative at Rs (845.25) lakhs in H1, cash on hand fell to just Rs 3.68 lakhs, and short-term borrowings nearly doubled to Rs 2,206.81 lakhs from Rs 1,135.38 lakhs. The board also appointed two new Independent Directors (subject to shareholder approval via postal ballot), forfeited 2,89,087 partly paid-up rights shares for non-payment of calls, and amended the Code of Fair Disclosure under SEBI insider trading rules. The auditor issued a clean limited review report with no qualifications.
Strong top-line growth and a return to quarterly profit are positives, but the critically low cash balance and large negative operating cash flow — funded by a near-doubling of borrowings — point to significant liquidity stress that shareholders should monitor closely.