As per annexure attached
Awaiting price reaction for this filing.
Suumaya Corporation's board, meeting on November 7, 2025, approved three director appointments: Mr. Bhaumik Rajeshbhai Soni as Additional Executive Director and Managing Director (5-year term, subject to shareholder approval), plus Ms. Paruben Rajnikant Jadav and Mr. Deepakkumar Rathod as Additional Non-Executive Non-Independent Directors, all effective from November 7, 2025. The board also approved financial results for H1 FY25 (ended Sept 30, 2024), FY25 (ended March 31, 2025), and H1 FY26 (ended Sept 30, 2025). For H1 FY25, revenue from operations was just ₹1.643 crore with a net loss of ₹0.746 crore, and reserves and surplus stood at a deeply negative ₹415.736 crore. The auditor issued a qualified opinion on FY25 results, flagging serious going concern doubts, negative working capital, unrecoverable loan adjustments, and non-compliance with SEBI rules along with pending GST and tax notices where no provisions were made.
This is a high-risk filing for shareholders. The company is essentially in financial distress — accumulated losses have wiped out net worth, the auditor has questioned whether it can continue as a going concern, and there are unresolved SEBI and tax liabilities. The new director appointments, including a new Managing Director with gold-industry experience, suggest a possible strategic pivot, but until financial results clearly improve and compliance issues are resolved, the stock remains highly speculative and risky.