Please find attached Revised unaudited financial results for HYE Sept 30, 2025
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Awaiting price reaction for this filing.
Benara Bearings & Pistons has refiled its H1 FY26 results, with no change in the underlying numbers but a revised auditor review. Revenue from operations collapsed to ₹267.19 lakhs on a standalone basis (vs ₹502.10 lakhs a year ago, a ~47% drop), and the company posted a loss before tax of ₹802.79 lakhs. The balance sheet is severely stressed with negative net worth of ₹1,596.51 lakhs, total borrowings of over ₹6,270 lakhs, and bank loans already classified as non-performing assets. The statutory auditor flagged multiple issues including a material uncertainty on going concern, unverifiable inventory, unrecoverable loans and advances of ₹1,100.41 lakhs, unprovided income tax and GST demands of nearly ₹9,590 lakhs, and unpaid statutory dues. The company is negotiating a one-time settlement of ₹3,000 lakhs against outstanding loans of ₹5,138 lakhs, of which only ₹752.20 lakhs has been paid so far.
This is a deeply distressed small-cap with negative equity, defaulted bank loans, and large disputed tax liabilities, all flagged as a going concern risk by the auditor. Shareholders face very high risk — the stock is likely to remain under pressure until the OTS with banks is fully funded and operations stabilise.