Announcement under Regulation 30 (LODR) - Updates
Awaiting price reaction for this filing.
The board approved unaudited results for Q2 and H1 FY26 (ended Sept 30, 2025). Revenue from operations fell to Rs 3.55 lakhs in Q2 FY26 from Rs 5.07 lakhs in Q2 FY25, and H1 revenue dropped to Rs 6.10 lakhs from about Rs 13.03 lakhs in H1 FY25. The company posted a net loss of Rs 10.53 lakhs for H1 FY26 (compared to Rs 13.13 lakhs loss in H1 FY25), with EPS of minus Rs 0.02. Reserves are deeply negative at minus Rs 232.74 lakhs against equity capital of Rs 513.43 lakhs, showing accumulated losses. Operating cash flow was marginally negative at minus Rs 0.33 lakhs versus a positive Rs 8.40 lakhs in the prior year period. The board also approved the 33rd AGM via video conferencing with book closure from Dec 18–24, 2025, appointed new Internal Auditor (Phophalia S & Associates) for FY26 and Secretarial Auditor (HSPN & Associates LLP) for FY26–FY30, and regularised Savita Thakkar as Independent Director for 5 years.
Continued losses, shrinking revenues, and negative reserves are red flags for shareholders, though the company still holds Rs 10.70 lakhs in cash. The fresh auditor appointments and AGM routine suggest normal governance but do not change the weak fundamentals.