As per PDF Attached.
Awaiting price reaction for this filing.
The Board approved a bulk set of 12 delayed financial results at its January 30, 2026 meeting, covering quarters from Q1 FY23 through FY ending March 2025. The company has zero revenue from operations across all reported periods and has been reporting continuous losses, including a loss after tax of Rs 524.00 lakhs for FY23 and Rs 153.77 lakhs loss before tax for Q4 FY23. The company underwent Corporate Insolvency Resolution Process (CIRP) initiated in July 2021, with the Resolution Plan approved in Q2 FY23, leading to promoter shareholding extinguishment, 95% reduction in public shareholders' shares, and merger of Gwebitsol Pvt Ltd into the company. New auditor M/s N G Rao & Associates was appointed on October 31, 2025, after the previous auditor's signing partner passed away, contributing to the massive filing delays. The auditor issued an unmodified opinion for FY23 with an Emphasis of Matter paragraph highlighting the Resolution Plan implementation and capital restructuring.
Shareholders should note this is a deeply distressed company with no revenue, consecutive losses, and a recent capital restructuring that wiped out promoter holdings and slashed public shareholders' stakes by 95%. The backdated multi-quarter filing and auditor change are red flags, though the recent resolution plan and share allotments suggest attempts at revival. Existing shareholders face extreme dilution risk and should carefully review the post-resolution capital structure before making investment decisions.