Outcome of the Board Meeting for approval of financial result for quarter ended 31st December, 2025
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The board approved the unaudited financial results for the quarter and nine months ended 31 December 2025 along with the limited review report. The company reported zero revenue from operations in Q3 FY26 and the nine-month period, compared with Rs 73.73 lakhs and Rs 930.03 lakhs respectively in the prior-year periods. Net loss for Q3 FY26 stood at Rs 0.66 lakh and Rs 17.40 lakh for the 9M period, versus a profit of Rs 118.14 lakh in 9M FY25. The statutory auditor issued an Emphasis of Matter, flagging that trade receivables, trade payables, and loans and advances balances are pending third-party confirmations and reconciliation.
Shareholders should note a complete collapse in operating revenue and a swing from profit to loss, raising concerns about the business's going concern. The auditor's emphasis on unverified receivables and payables adds further risk to the reliability of reported numbers.