FY26 results: Net loss widens; auditor flags going concern doubts

Going ConcernQualified OpinionPat NegativeExceptional ItemNegative Operating CashflowResults View source PDF

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

Price reaction · full curve 14 horizons · vs prior close

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₹3.74

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AI summary

Board approved FY26 audited results on June 15, 2026. Standalone net loss of Rs 2,005.57 lakhs (FY25: Rs 1,993.34 lakhs). Consolidated net loss Rs 1,439.34 lakhs vs Rs 1,436.49 lakhs, with exceptional items of Rs 1,140 lakhs. Auditor issued qualified opinion citing negative net worth, going concern doubts, and non-provision of interest on overdue loans. Company and promoters declared wilful defaulters by Bank of India; CBI chargesheet pending. Company Secretary resigned.

Likely market impact

Severe financial distress, negative net worth, wilful defaulter status — extremely negative for shareholders; expect stock pressure.