Consolidated September 2026 figures not shown; standalone loss and auditor exception

Qualified audit opinionNegative operating cash flowNet loss reportedResults View source PDF Explain this filing

BELDING · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+6.3%Reaction day

₹778.15

prior close

₹779.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.2%+4.1% vs market

Aluminium, Copper & Zinc Products peers, median of 6sector+3.5%+2.8% vs sector

On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 2.8 pts more than its Aluminium, Copper & Zinc Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.2

10m

-0.4

15m

+0.5

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+6.3+2.2+4.1+3.5+2.8

Next day

+8.6+3.3+5.3+3.6+5.0

+6.5pendingpending+0.2+6.3

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15d

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UpDownMarket · Nifty Microcap 250Sector · Aluminium, Copper & Zinc Products peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Consolidated September 2026 quarter figures are not shown here, so no comparison with September 2025 is possible. Standalone, revenue from operations was not stated; other income rose to Rs 33.97 lakh from Rs 9.04 lakh, and net loss widened to Rs 62.35 lakh from Rs 1.91 lakh. The auditor qualified the review because vendor and group-company balances were not fully reconciled. Standalone half-year operating cash flow was negative Rs 216.72 lakh.

Likely market impact

Widening standalone loss, auditor exception and negative cash flow add reporting risk and may weigh on the stock.

By the numbersStandalone · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹0.00 Cr	₹0.00 Cr	unchanged
Operating profit	−₹1.22 Cr	−₹0.22 Cr	loss widened
Profit after tax	−₹0.62 Cr	−₹0.02 Cr	loss widened
EBITDA margin	—	—	—

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.