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The board of Callista Industries, at its meeting on 11 February 2026, approved the unaudited financial results for the quarter and nine months ended 31 December 2025. The company reported zero income from operations for the period, with only Rs. 14.56 lakhs coming from other income during 9M FY26, versus Rs. 0.04 lakhs for the full prior year. Net loss for 9M FY26 stood at Rs. 56.46 lakhs, sharply wider than the Rs. 1.20 lakh loss in 9M FY25, while the full-year FY25 loss was Rs. 63.12 lakhs. The company also fully wrote off its closing inventory, deeming it obsolete. Additionally, Independent Director Mrs. Bhavna Chouhan resigned effective 21 January 2026. The auditor, Ramanand & Associates, issued an unqualified (clean) limited review report on the results.
Despite a clean auditor review, the company continues to generate no operating revenue and is posting widening losses, raising concerns about the viability of its core business. Shareholders should monitor whether management can restart operations or restructure the business, as persistent cash burn and obsolete inventory write-offs point to fundamental challenges.