BM Outcome held on 20th November 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 5.0 pts less than its Computers Hardware & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved unaudited standalone financial results for the quarter and half year ended 30 September 2025. Revenue from operations collapsed to Rs 616.42 lakhs in Q2 FY26, down from Rs 21,635.07 lakhs in Q2 FY25, as most segments (Construction, Gold, Textile, Electronics) reported zero revenue and only Agricultural Products remained active. Profit after tax fell sharply to Rs 16.85 lakhs (Q2 FY25: Rs 1,010.96 lakhs) though it remained positive, with EPS of Rs 0.55 for the quarter. The board also accepted the resignation of Director Mr. Tahir Mustufa Masalawala citing personal reasons and appointed Mr. Ketan Chavda as Additional Executive Director. The auditor M/s R B Gohil & Co. issued a standard limited review report without qualifications.
The near-total disappearance of revenue from multiple business segments is a major red flag for shareholders and likely to weigh on the stock. Investors should watch for clarity on whether discontinued segments will restart or if the company is restructuring into an agricultural-focused business, which will determine its future earnings power.