Outcome of the board meeting
Price
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The board approved unaudited financial results for Q2 and H1 FY26 ended September 30, 2025. The company swung to a net loss of ₹6.47 lakhs in Q2 FY26 and ₹18.28 lakhs in H1 FY26, compared with profits of ₹364.91 lakhs and ₹355.34 lakhs in the year-ago periods. Reported total income remained at ₹366.72 lakhs across periods, but the current-period losses exactly match total expenses, indicating that the income line is largely non-operating/legacy and core operations are not generating revenue. Total expenses rose to ₹18.28 lakhs in H1 FY26 from ₹11.38 lakhs a year ago. The balance sheet shows negative other equity of ₹(465.02) lakhs against share capital of ₹1,300 lakhs, meaning accumulated losses have eroded over a third of net worth. The statutory auditor, M.N. Rao & Associates LLP, issued a clean (unmodified) limited review report.
The sharp reversal from profit to loss suggests prior-year earnings were driven by one-time, non-recurring items rather than sustainable operations. Combined with deeply negative reserves, this is a negative signal for shareholders and indicates weak core earning capacity.