Approval of Statement of Standalone Audited Financial Results along with Statutory Auditor's Report of the Company as per Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) ....
Awaiting price reaction for this filing.
The company reported revenue of Rs 38.00 lakhs for FY26, a significant jump from Rs 5.70 lakhs in FY25. Net profit for the year was Rs 0.80 lakhs, a turnaround from a loss of Rs 2.56 lakhs in the previous year. The balance sheet shows severe capital erosion with negative other equity of Rs 922.63 lakhs against equity share capital of Rs 938.31 lakhs. Total assets stand at Rs 18.42 lakhs. The statutory auditor Agrawal Jain & Gupta issued an unqualified opinion, stating the financial statements give a true and fair view. The company appears to be a micro-cap with very small operations.
The company returned to profit in FY26 after losses, but the massive negative equity (reserves at negative Rs 922.63 lakhs) signals severe accumulated losses. This raises long-term viability concerns despite the auditor giving a clean opinion.