The Board of Directors of the Company at their meeting held on Friday, February 13, 2026, inter alia, considered & approved Unaudited Financial Results of the Company for the third quarter ....
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The Board approved unaudited financial results for Q3 FY26 (quarter ended Dec 31, 2025) and 9M FY26, reviewed by auditor Mukund & Rohit. Revenue from operations for Q3 FY26 stood at Rs. 885.69 lakh, down about 20% from Rs. 1,111.09 lakh in Q3 FY25. For the nine months, revenue collapsed to Rs. 3,127.54 lakh from Rs. 6,722.49 lakh in the same period last year — a drop of roughly 53%. The company reported a net loss of Rs. 62.05 lakh in Q3 FY26 and Rs. 56.95 lakh for 9M FY26, though this is an improvement over the Rs. 209.17 lakh loss in 9M FY25. Separately, GST authorities have issued a show cause notice proposing reversal of input tax credit of about Rs. 31.57 crore for FY 2021-22 to FY 2024-25, along with interest and penalty.
The sharp revenue decline and ongoing losses highlight continued business stress, though the narrowing of losses year-on-year is a small positive. The Rs. 31.57 crore GST show cause notice is a major overhang — it is several times the company's annual revenue and could meaningfully impact finances if it crystallizes, making this a key risk for shareholders to track.