Please find the attached Outcome of the Board Meeting

Going-concern doubtNet loss reportedEBITDA margin compressionResults View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+2.3% vs market

Trading & Distributors peers, median of 130sector-0.5%+2.3% vs sector

On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 2.3 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The board approved unaudited financial results for Q3 FY26 (quarter ended 31 Dec 2025) and noted the resignation of Independent Director Mrs. Bhavna Chouhan effective 21 January 2026. The company reported zero income from operations for the quarter and the nine-month period, with only Rs. 14.56 lakhs in 'other income.' Total expenses for the quarter were Rs. 62.79 lakhs, resulting in a loss before tax of Rs. 48.23 lakhs for Q3 and Rs. 56.46 lakhs for 9M FY26. The company fully wrote off its closing stock, deeming the inventory obsolete with no future economic benefit. Basic EPS for 9M FY26 stood at Rs. (1.85), deepening from Rs. (0.04) in the prior-year period.

Likely market impact

For shareholders, this is a concerning update — the company is generating no core business revenue, posting widening losses, and writing off its entire inventory, which raises serious questions about the viability of its existing business operations and the need for fresh capital or a new business direction.