As per PDF attached.
Awaiting price reaction for this filing.
The Board of Directors approved unaudited quarterly results for Q1, Q2, and Q3 of FY 2025-26, all of which were subjected to limited review by the statutory auditors N G Rao & Associates. The company reported zero revenue from operations across all three quarters, with only Rs 7.40 lakhs of other income in Q1. Losses continued persistently — Rs 88.76 lakhs in Q1, Rs 88.12 lakhs in Q2, and Rs 88.01 lakhs in Q3, taking the 9-month FY26 loss after tax to Rs 264.89 lakhs versus Rs 304.19 lakhs in the same period last year. The bulk of expenses are depreciation and amortization (~Rs 111 lakhs per quarter) on intangible assets worth Rs 8,056.73 lakhs. The filing notes that financial statement finalization was delayed due to a past Corporate Insolvency Resolution Process (CIRP) and the demise of the signing partner of the previous audit firm, leading to the appointment of a new auditor (N G Rao & Associates) effective 31st October 2025. Cash balance remained negligible at just Rs 1.08 lakhs, and cash from operating activities was essentially nil.
This is a deeply distressed micro-cap with no operating revenue, persistent quarterly losses, CIRP history, and a mid-year auditor change — shareholders should treat this stock as a high-risk, speculative name with very limited near-term visibility on turnaround. The unaudited results carry a standard (unmodified) limited review opinion, but the financials themselves raise serious going-concern questions despite the auditor not explicitly flagging them.