FY26 Audited Results: Deep Losses, Qualified Audit, Going Concern Doubt

Going ConcernQualified OpinionPat NegativeRevenue DeclineNegative Operating CashflowDebt Equity ThresholdResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-5.1%Reaction day

₹3.74

prior close

₹3.81

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-5.6% vs market

Software Products peers, median of 39sector+0.5%-5.6% vs sector

On the reaction day the stock moved 5.6 pts less than Nifty Microcap 250 and 5.6 pts less than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-5.0

10m

-5.0

15m

-5.0

30m

-5.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.1+0.6-5.6+0.5-5.6

Next day

-3.7+1.7-5.4+0.6-4.4

-4.3+2.1-6.4+0.5-4.8

-5.9+3.0-8.9+0.1-6.0

-3.7+3.8-7.6+1.2-5.0

-2.4+3.1-5.5+0.0-2.4

-2.4+2.4-4.8-1.5-0.9

15d

-3.7+1.3-5.0-4.0+0.2

-6.1+3.9-10.0-1.5-4.7

+39.6+7.4+32.2-2.4+42.0

+52.4+5.6+46.8-5.1+57.5

UpDownMarket · Nifty Microcap 250Sector · Software Products peers, median of 39Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

FY26 standalone net loss Rs 2,005.57 lakhs (FY25: Rs 1,993.34), zero operating revenue. Consolidated loss Rs 1,439.34 lakhs; revenue fell to Rs 686.46 lakhs from Rs 820.63 lakhs. Auditor's qualified opinion flagged going concern doubt due to negative networth (-Rs 83,631 lakhs reserves). Bank of India declared firm and promoters wilful defaulters. Major overdue debts: FCCBs Rs 29,085 lakhs (2011), bank loans Rs 39,006 lakhs (2009), UPS Capital (2014). RBI non-compliance since 2011; CBI chargesheet pending. Operating cash flows deeply negative.

Likely market impact

Severe financial distress: qualified audit, going concern doubt, wilful defaulter tag, massive loan defaults. Stock carries extremely high risk with uncertain recovery.