Cerebra Integrated Technologies Limited has informed the Exchange about change in Management
CEREBRAINT · price
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Awaiting price reaction for this filing.
Cerebra Integrated Technologies reported deeply negative Q1 FY26 results with revenue collapsing to Rs 179.05 lakhs from Rs 1,017.27 lakhs a year ago, an 82% decline. The company posted a loss before tax of Rs 1,555.40 lakhs and a loss per share of Rs 1.26. The auditor (YCRJ & Associates) issued a 'Disclaimer of Conclusion,' flagging serious going concern doubts, eroded net worth, unverified inventory valuation (Rs 9.55 crore ad-hoc stock devaluation), and Rs 143.21 crore in trade receivables of which Rs 142.71 crore is over one year old. The board approved the appointment of Mr. Parameshwar Bhat as Secretarial Auditor for 5 years and recommended the re-appointment of YCRJ & Associates as Statutory Auditor for a second 5-year term. The company also disclosed outstanding financial indebtedness of Rs 23 crore with no defaults reported.
Despite the headline referencing 'change in Management,' the filing shows no CEO, CFO, or director departure — V Ranganathan continues as Managing Director and Vishwamurthy Phalanetra as CFO. However, the auditor's disclaimer and going concern warning, combined with the 82% revenue drop and a Dubai subsidiary receivable of Rs 100.28 crore overdue for over 2 years, point to severe financial stress and significant risk for shareholders.