Approved and taken on record the Un-audited financial results of the company for quarter ended 31.12.2025
Awaiting price reaction for this filing.
The Board of Foundry Fuel Products Ltd approved unaudited financial results for the quarter and nine months ended 31 December 2025. The company reported zero income from operations, as it has no business activities and is currently searching for a new business project. For Q3 FY26, the company posted a loss of Rs. 4.32 lakhs, slightly better than the Rs. 5.55 lakh loss in Q3 FY25. For the nine-month period, the loss stood at Rs. 13.50 lakhs versus Rs. 12.63 lakhs in the same period last year. The company's net worth has turned negative (reserves of Rs. -262.21 lakhs) and current liabilities exceed current assets. The auditor explicitly flagged 'Material Uncertainty Related to Going Concern' and added an Emphasis of Matter paragraph, noting the company is reliant on funding commitments from its holding company. Separately, one Independent Woman Director resigned due to personal reasons, and a new Independent Woman Director was appointed, subject to shareholder approval via postal ballot.
This is a deeply concerning filing for shareholders — the company has no revenue, a negative net worth, and its own auditor has flagged going concern uncertainty. The stock is essentially a shell entity dependent on its holding company for survival, making it high-risk. The director change is routine and does not materially affect the situation.