Cerebra Integrated Technologies Limited has informed the Exchange regarding Board meeting held on August 13, 2025.
CEREBRAINT · price
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Awaiting price reaction for this filing.
Cerebra Integrated Technologies' board met on August 13, 2025, and approved its Q1 FY26 (ended June 30, 2025) standalone and consolidated financial results. Revenue from operations collapsed to Rs. 179.05 lakhs from Rs. 1,017.27 lakhs in the same quarter last year — a drop of about 82%. The company reported a net loss of Rs. 1,410.13 lakhs (EPS of Rs. -1.26), wider than last year's Rs. 1,063.51 lakhs loss. The board also appointed Mr. Parameshwar Bhat as Secretarial Auditor for 5 years and recommended re-appointing YCRJ & Associates as Statutory Auditors for another 5-year term, both subject to shareholder approval. In a very serious development, the statutory auditor issued a 'Disclaimer of Conclusion' on the financial results, citing going concern doubts — the company has been making large losses, shut down its refurbishment business, and may struggle to continue operations. The auditor also flagged unconfirmed trade receivables of Rs. 143.21 crore (Rs. 142.71 crore overdue over a year), Rs. 100.28 crore stuck with an overseas buyer for 2+ years, and inventory of Rs. 0.49 crore written down by Rs. 9.55 crore. Total outstanding debt is Rs. 23 crore.
This is a very negative filing. The auditor's disclaimer of conclusion is a red flag indicating severe financial distress and uncertainty about the company's ability to continue as a going concern. Revenue has collapsed, losses are mounting, and large sums are stuck in receivables with no proper provisioning. Shareholders should be cautious — such disclosures typically weigh heavily on the stock and may signal deeper trouble ahead.