Announcement of Audited Financial Results under Ind AS for year ended on 31st March 2026 as per regulation 33 of the SEBI (LODR) Regulation 2013.
Awaiting price reaction for this filing.
Turner Industries Limited reported zero revenue from operations for FY 2025-26, with a net loss of Rs. 2.06 lakhs compared to a loss of Rs. 2.64 lakhs in the prior year. Total expenses stood at Rs. 2.06 lakhs (down from Rs. 2.64 lakhs), consisting mainly of rent, consultancy, and auditor fees. The company has negative other equity of Rs. 390.67 lakhs and a debt-equity ratio of 3.73x. Cash used in operating activities was Rs. 0.43 lakhs, with borrowings of Rs. 39.73 lakhs (director loans). The auditor issued an unqualified opinion with no emphasis of matter.
The company has no operating revenue and is burning cash with negative equity, signalling severe financial stress. Shareholders face extreme risk as the stock is essentially a zombie company with no business activity.