Announced Wed, 12 Nov, 2025 · 16:11 IST
Q2 FY26 results: auditor issues adverse conclusion on going concern doubts
Going-concern doubtAdverse audit opinionNet loss reportedDebt to equity above the thresholdContingent liabilities increasedResults View source PDFExplain this filing
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Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved Q2/H1 FY26 results on November 12, 2025. Auditor J.C. Bhalla & Co. issued an adverse conclusion. Standalone net loss of Rs. 143.46 lakhs for H1 FY26 versus Rs. 47.93 lakhs loss in H1 FY25. Current liabilities of Rs. 43,298 lakhs exceed current assets by Rs. 41,968 lakhs, raising going concern doubts. Rs. 39,000 lakhs Saraf Group funding and Rs. 5,993 lakhs unrecognized interest add to uncertainty.
Likely market impact
Adverse audit opinion and going concern doubts are serious red flags. Expect stock price pressure and heightened regulatory and shareholder scrutiny.