outcome of board meeting held on 30.09.2025
Price
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Awaiting price reaction for this filing.
The board met on 28 October 2025 and approved unaudited standalone financial results for Q2 FY26 (quarter ended 30 September 2025) along with H1 FY26 figures. The company reported zero revenue from operations for both the quarter and the first half of FY26, in line with the previous year. Total expenses stood at ₹16.79 lakhs in Q2 FY26 versus ₹14.74 lakhs in Q2 FY25, resulting in a net loss of ₹16.79 lakhs for the quarter. For H1 FY26, the loss widened to ₹31.53 lakhs compared to ₹28.53 lakhs in H1 FY25, with loss per share at ₹0.33 for the quarter. The statutory auditor flagged a material going concern uncertainty, noting no revenue, continuous losses, eroded net worth, current liabilities exceeding current assets, and the sale of major plant and machinery. The board also approved previous meeting minutes and discussed the company's operations.
This is a significant red flag for shareholders — the company has no operating revenue, is posting widening losses, and auditors have explicitly raised a going concern doubt. Expect continued negative sentiment on the stock and high uncertainty about the company's ability to sustain operations.