Outcome of Board Meeting held on November 07, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q2 FY26 and H1 FY26, which were also reviewed by the statutory auditor with an unmodified (clean) opinion. Revenue from operations remained negligible at Rs 4.25 lakhs for the quarter, unchanged from the previous quarter and the year-ago quarter, while total income (including other income) stood at Rs 22.13 lakhs. The company posted a net loss of Rs 47.61 lakhs for Q2 and Rs 91.88 lakhs for H1 FY26, widening from Rs 43.52 lakhs and Rs 82.09 lakhs respectively in the prior-year periods. Reserves remain deeply negative at Rs (1,439.49) lakhs as on March 31, 2025, and the company disclosed that its net worth is completely eroded, with the holding company agreeing to provide financial support to keep it operational as a going concern. BSE has also levied Rs 10.74 lakhs in charges for non-compliance with minimum public shareholding norms, for which a waiver has been applied.
This is a negative read for shareholders — the company is essentially non-operational in its core business, reporting persistent and widening losses, a fully eroded net worth, and a going-concern dependency on its parent. Negative operating cash flow and heavy finance costs (Rs 85.23 lakhs in H1 FY26) further highlight financial stress, and the stock remains at risk of continued price weakness or regulatory action until the public shareholding issue is resolved.