As Attached
Awaiting price reaction for this filing.
Satiate Agri Ltd (formerly Shaba Chemicals Limited) reported zero revenue from operations for Q1 FY26, compared to Rs. 10 lakh in the previous quarter. Total income also stood at nil versus Rs. 17.39 lakh previously. The company posted a net loss of Rs. 191.37 lakh, widening from Rs. 103.53 lakh in Q4 FY25 and Rs. 104.17 lakh in Q1 FY25. Loss per share stood at Rs. 6.54. Operations remain halted due to an internal dispute, with 45.50% of closing stock reported as damaged and further spoilage feared from rain. A management dispute petition (No. 7/2025) was filed with NCLT Indore on April 24, 2025, and lenders have demanded debt repayment, putting the company's future as a going concern in question.
Shareholders should be cautious — the company is loss-making, its net worth is substantially eroded, operations are halted, and the auditor has flagged a material uncertainty over its ability to continue as a going concern pending the NCLT petition outcome. The stock faces significant risk.