Announcement of Unaudited Financial Results under IND AS for the 3rd Quarter Ended 31st December 2025 as per Regulation 33 of the SEBI (LODR) Regulations 2013
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Turner Industries Limited (BSE ticker referenced as Laser Diamonds) reported zero revenue from operations for the third quarter and nine months ended 31 December 2025, showing no business activity during the period. The company posted a small net loss of Rs 0.31 lakh in Q3 FY26 and Rs 1.25 lakh for the nine-month period, marginally better than the Rs 1.28 lakh loss in the comparable prior period. Accumulated reserves stood at a deeply negative Rs 386.28 lakhs against an equity share capital of Rs 401.31 lakhs, leaving total equity at just Rs 11.44 lakhs. The balance sheet shows cash of only Rs 0.69 lakhs and total borrowings of Rs 38.94 lakhs, all in the form of a loan from the director. The statutory auditor, A. John Moris & Co., issued an unmodified review report with no qualifications.
The company is effectively a non-operating shell with no revenue, severe accumulated losses, and minimal cash, surviving only on director funding. Shareholders face a high-risk, illiquid situation with little prospect of operational revival in the near term, though the small loss base limits further equity erosion in the short run.