Announcement Under Regulation 30 of SEBI (LODR) Regulations, 2015
Awaiting price reaction for this filing.
Wisec Global Limited's Board, at its meeting on July 31, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). The company reported zero revenue from operations, total expenses of ₹3.10 lakhs, and a net loss of ₹3.10 lakhs (EPS of negative ₹0.03). The loss narrowed from ₹20.32 lakhs in Q4 FY25 but widened compared to a ₹1.00 lakh loss in Q1 FY25. Accumulated losses of ₹1,187.06 lakhs have wiped out reserves against a paid-up share capital of ₹1,165.01 lakhs. The Board also re-appointed Mr. Rakesh Rampal as Whole Time Director for three years (till July 30, 2028) and approved an amendment to the MOA to add new business objects covering wholesale/retail trading, import-export, e-commerce, warehousing, and logistics, subject to shareholder approval.
The company continues to report no revenue and is in accumulated losses territory, which is a concern for shareholders. However, the proposed MOA amendment signals a strategic pivot into trading and e-commerce, which could open new revenue streams if executed well. Director continuity provides stability, but investors should watch for actual business traction in the new verticals.