Outcome of board meeting held on May 29, 2026.
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CCME Global Ltd (formerly Genesis IBRC India Limited) reported audited financial results for Q4 and FY ending March 31, 2026. Total income for the year was just ₹3.50 lakhs, a steep decline from ₹366.72 lakhs in the prior year. The company posted a net loss of ₹71.47 lakhs for FY2026, compared to a net profit of ₹350.48 lakhs in FY2025. EPS turned negative at ₹(0.53) per share versus ₹2.70 previously. During Q4, the company raised ₹3,225 lakhs via a preferential allotment of 32.25 crore equity shares at ₹10 each, increasing paid-up capital from ₹1,300 lakhs to ₹4,525 lakhs. Cash and cash equivalents surged to ₹3,735.87 lakhs (from ₹0.43 lakhs), reflecting large inflows from the share issuance. The auditors issued an unmodified opinion, confirming clean financials.
The company swung from a profit of ₹350.48 lakhs to a loss of ₹71.47 lakhs, indicating severe operational deterioration. However, the ₹3,225 lakh capital raise has significantly strengthened the balance sheet, though near-zero operating revenue raises questions about the company's business model going forward.