Announcement under Regulation 30 of SEBI LODR Regulations for outcome of the Board Meeting held on 12.11.2025 for approval of unaudited financial results for the quarter and half year ended ....
Awaiting price reaction for this filing.
Longview Tea Company's board approved unaudited results for Q2 and H1 FY26 on 12 November 2025. Revenue from operations for the quarter stood at Rs. 77.74 lakhs (vs Rs. 81.67 lakhs in Q2 FY25), while H1 revenue fell sharply to Rs. 171.08 lakhs from Rs. 330.52 lakhs a year ago. Net profit for the quarter was just Rs. 3.11 lakhs versus Rs. 25.75 lakhs in the same quarter last year, and H1 profit dropped to Rs. 28.30 lakhs from Rs. 83.84 lakhs. Operating cash flow was negative at Rs. (43.92) lakhs. Crucially, the statutory auditors (V. Singhi & Associates) issued a Disclaimer of Conclusion because the current management could not obtain books, records and supporting documents from the erstwhile management despite repeated requests. The auditor flagged material uncertainty about the accuracy and completeness of the figures, and also drew attention to ongoing NCLT proceedings under Sections 241/242 of the Companies Act and a Section 206 show-cause notice from the ROC. Additionally, loans exceeding 50% of total assets have been given to related parties without confirmations, the company's listing with BSE is currently under suspension (with Rs. 21.57 lakhs in BSE fines already imposed), and the AGM for FY24-25 has been extended to 28 November 2025.
This is a deeply negative filing for shareholders. A disclaimer of conclusion from auditors signals serious reliability concerns over the reported numbers, and the combination of suspended BSE trading, NCLT proceedings, related-party loan exposure and inability to access prior books of account raises fundamental questions about governance and going-concern status. The stock is effectively illiquid and risk-prone; investors should treat the results with extreme caution.