Please find the attached outcome of Board Meeting
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The Board approved the unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025), which showed zero revenue from operations and a loss of Rs. 8.18 lakhs for the half-year, widening from Rs. 1.20 lakh loss in the same period last year. Total expenses for the half-year stood at Rs. 8.18 lakhs, and the company continues to report a negative net worth of Rs. 85.92 lakhs (other equity at negative Rs. 390.58 lakhs) as of September 30, 2025. The Board accepted the resignations of CFO/Whole Time Director Mr. Mahendra Kumar Banwarilal Sharma and Company Secretary Mr. Navnath Shalik Patil with immediate effect, and appointed Mrs. Rashmi Ravi Sharma (existing Managing Director) as the new CFO. The Board also approved a sharp increase in authorised share capital from Rs. 10 crore to Rs. 38.10 crore and a fund-raising plan through 3.37 crore convertible warrants and 12.5 lakh equity shares on a preferential basis to promoters and non-promoters.
Shareholders should note ongoing operational stress — zero revenue, persistent losses, and negative net worth raise going-concern concerns, while the large preferential allotment (over 3.5 crore securities) to promoter and non-promoter groups will lead to significant equity dilution and a change in shareholding pattern once allotted.