Pursuant to Regulation 33 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors at its ....
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The Board approved standalone audited financial results for FY2026 ending March 31, 2026. Total Income was Rs 137.64 Lakhs, mainly from Other Income of Rs 137.64 Lakhs with minimal Revenue from Operations at Rs 22.13 Lakhs. The company reported a Net Loss of Rs 46.02 Lakhs for FY2026 compared to a loss of Rs 15.26 Lakhs in the previous year. Total Expenses were Rs 83.63 Lakhs including Finance Costs of Rs 39.13 Lakhs and an exceptional item of Rs 71.84 Lakhs (CWIP discarded). The Balance Sheet shows a severely eroded net worth with Other Equity at negative Rs 1,387.68 Lakhs. Current liabilities exceed current assets by Rs 204.95 Lakhs. The auditors issued an unmodified opinion but included a material uncertainty paragraph regarding going concern.
The company is financially distressed with negative net worth and current liabilities exceeding current assets. The auditors have flagged material uncertainty about the company's ability to continue as a going concern. Despite declaring an unmodified audit opinion, shareholders face significant risk as the company's survival depends on its ability to monetise PPE and resume normal operations.