As per annexure attached
Awaiting price reaction for this filing.
The Board of Suumaya Corporation Ltd, at its meeting on November 7, 2025, approved the appointment of Mr. Bhaumik Rajeshbhai Soni as Additional Executive Director and Managing Director (5-year term, pending member approval), along with Ms. Paruben Rajnikant Jadav and Mr. Deepakkumar Rathod as Additional Non-Executive Non-Independent Directors. The Board also approved the unaudited financial results for H1 FY25 (ended Sept 30, 2024) and H1 FY26 (ended Sept 30, 2025), and audited results for FY25 (ended March 31, 2025). The auditor issued a qualified opinion, flagging continuous losses, severely eroded net worth (reserves at negative ₹415.74 Cr), current liabilities exceeding current assets, and inability to agree with the going concern assumption. The auditor also highlighted SEBI compliance defaults, notices from SEBI and GST authorities, and a tripartite agreement adjustment with inadequate supporting evidence. Revenue from operations fell to ₹1.64 Cr in H1 FY25 from ₹2.46 Cr in H1 FY24, with a net loss of ₹0.75 Cr.
This is a significant red flag for shareholders — the auditor has explicitly doubted the company's ability to continue as a going concern and raised concerns about unprovisioned SEBI and tax liabilities. Combined with deeply negative reserves and multiple regulatory notices, the stock carries substantial risk and may face heightened scrutiny.