Consider and approve the unaudited standalone financial results for the quarter ended September 30, 2025
Awaiting price reaction for this filing.
The board, at its meeting on October 29, 2025, approved unaudited standalone results for Q2 and H1 FY26 (quarter and half year ended Sept 30, 2025). The company reported NIL revenue from operations for the quarter and half year, with total expenses of Rs 3.08 lakhs (Q2) and Rs 12.36 lakhs (H1). Consequently, the company posted a net loss of Rs 3.08 lakhs in Q2 (vs Rs 2.16 lakhs loss in Q2 FY25) and Rs 12.36 lakhs for H1 FY26 (vs Rs 9.78 lakhs loss in H1 FY25), with basic EPS at (Rs 0.03). The balance sheet reveals severe stress — net worth is negative at (Rs 150.71 lakhs), borrowings stand at Rs 1,002.02 lakhs, and cash balance is a near-zero Rs 0.04 lakhs. Operating cash flow was negative at (Rs 15.27 lakhs) for H1 FY26, and the auditor (Rajesh Laxmi & Associates) issued an unmodified limited review opinion.
This is a deeply distressed company: zero revenue, widening losses, negative book value, near-zero cash, and high debt against negative equity all point to serious solvency and going-concern risks. Existing shareholders face material dilution risk if fresh capital is raised to keep the company afloat, and the stock carries significant downside risk until operations restart and the balance sheet is repaired.