Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors in their meeting held today i.e. ....
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Awaiting price reaction for this filing.
Chandrima Mercantiles (BSE: 540829) announced Q3 FY26 results with revenue from operations of just ₹11.79 lakhs, crashing from ₹5,736.47 lakhs in Q3 FY25. For the nine months ended December 2025, revenue from operations fell to ₹608.96 lakhs from ₹7,356.17 lakhs in the year-ago period — a drop of over 90%. Despite the revenue collapse, net profit for 9M FY26 jumped to ₹505.72 lakhs from ₹171.81 lakhs, largely driven by a one-time recognition of other comprehensive income (₹1,681.72 lakhs) on equity instrument investments per Ind AS 109/113. The statutory auditor issued a qualified opinion, flagging absence of balance confirmations for receivables/payables and lack of evidence regarding investments, along with an emphasis of matter on management-certified closing stock. A minor restatement of Q2 face value disclosure was also noted.
The stock may see sharp reactions — while headline profit tripled, this is mostly a one-time accounting reclassification rather than operational strength, and the near-total revenue evaporation raises serious business continuity concerns. The qualified audit opinion adds governance and verification risk that investors should weigh carefully.