We wish to inform you that the Board of Directors ('Board') of the Company at its Meeting held today, has inter alia, considered, approved and taken on record: 1. Pursuant to Regulation ....
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Cressanda Railway Solutions reported its Q3 FY26 results (quarter ended 31 Dec 2025) with consolidated revenue from operations of Rs 86.36 lacs and a net loss of Rs 443.90 lacs, widening from a loss of Rs 358.24 lacs in the previous quarter. For the nine months ended Dec 2025, consolidated revenue stood at Rs 31.62 lacs against a net loss of Rs 90.80 lacs, an improvement from Rs 285.33 lacs loss in the same period last year. The statutory auditor (H. Rajen & Co) raised multiple qualifications, including lack of supporting documents for loans and advances of Rs 7,838.84 lacs, an ongoing SEBI investigation whose impact is unascertainable, unconfirmed trade payables/receivables, and non-payment of TDS/TCS statutory dues of Rs 16.73 lacs flagged as a 'material concern.' The company also divested a 2% stake in subsidiary Mastermind Advertising Pvt Ltd to settle an obligation to a creditor. Results include 5 wholly-owned subsidiaries and 49% subsidiary Mastermind Advertising.
Despite a narrower nine-month loss year-on-year, the persistent quarterly losses combined with serious audit qualifications, ongoing SEBI investigation, and statutory dues non-payment raise significant governance and going-concern concerns that are likely to weigh on investor sentiment and stock price.