Approval of the un-Audited Standalone and Consolidated Financial Results of the Company for the quarter (Q3) and nine months ended December 31, 2025.
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The board approved Q3 FY26 results on January 23, 2026. On a standalone basis, the company has zero revenue from operations and reported only other income of ₹10.38 lakh, while posting a massive loss of ₹728.65 lakh in Q3 driven by ₹715.92 lakh in 'other expenses' (including a ₹6.99 crore impairment on intangibles under development). Consolidated revenue from operations for Q3 was ₹394.26 lakh, down from ₹489.29 lakh a year ago, though 9-month consolidated revenue nearly doubled to ₹1,544.74 lakh due to the recent reverse merger with Futech Internet Private Limited (which is the accounting acquirer). Consolidated Q3 showed a small loss of ₹3.32 lakh versus a ₹37.81 lakh loss a year ago. The statutory auditor issued a qualified opinion on both standalone and consolidated results, flagging concerns over the impairment evidence, MAT credit recognition of ₹35.38 lakh given the company's loss history, and ₹18.96 crore of goodwill that has not been tested for impairment.
Significant red flags for shareholders — the standalone entity is essentially non-operational with mounting losses, and the auditor's qualified opinion highlights questionable asset valuations and an un-impaired goodwill of nearly ₹19 crore from the Futech reverse merger. Stock may face negative sentiment and volatility given the weak underlying business and audit qualifications.