Outcome of Board Meeting held on January 27, 2026 and submission of Unaudited Financial Results (Standalone) for the quarter and nine months ended December 31, 2025 pursuant to SEBI (Listing ....
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Awaiting price reaction for this filing.
CMX Holdings reported weak Q3 FY26 results with total income of just Rs 235 thousand and a net loss of Rs 1,778 thousand, slightly better than the Rs 2,075 thousand loss in Q2. For the nine months ended December 31, 2025, revenue fell sharply to Rs 1,135 thousand from Rs 2,031 thousand a year earlier, while the loss widened to Rs 4,604 thousand from Rs 1,344 thousand. The statutory auditor issued a Qualified Conclusion, flagging that accumulated losses of Rs 24.18 crore have fully eroded the company's net worth, operations are restricted because its NBFC application was rejected by the RBI, and there is acute working capital deficit. The auditor also noted unreconciled borrowings of over Rs 68 lakh and unrecovered balances of Rs 77 lakh, and stated that accounts have been prepared on a going-concern basis only on management's assumption of future funding.
This is a deeply negative filing for shareholders: the company is loss-making, has negative net worth, is barred from its core NBFC business, and carries a qualified audit report citing material going-concern uncertainty. The stock is likely to face sharp negative reaction and the proposed change of name to 'Riwind Green Energy' alongside a massive authorised share capital hike (Rs 30 Cr to Rs 2,500 Cr) signals a possible fundraising or business pivot attempt, but execution risk is very high.