Revised Outcome of Board Meeting held on August 14, 2025 to consider and approve unaudited standalone and consolidated financial results of the Company for the quarter ended June 30, 2025 ....
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The board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations was NIL this quarter, compared to Rs. 57.61 lacs in Q1 FY25. The company reported a standalone net loss of Rs. 20.58 lacs (EPS of Rs. -0.04) and a consolidated net loss of Rs. 38.02 lacs (EPS of Rs. -0.07). Paid-up equity capital surged from Rs. 96 lacs to Rs. 51.98 crores following a preferential allotment and listing of new shares on BSE in May 2025. Crochet Industries Pvt Ltd became a subsidiary through share swapping. Other equity is negative at Rs. -266.33 lacs. The management expects scalable revenue from Q3 FY26, with advanced talks for acquiring an Odisha production facility and closing existing term loans via alternative funding.
Continued losses with zero operating revenue and negative net worth signal operational stress, though the major capital infusion and pending acquisitions/acquisition targets (SDF Industries) suggest a turnaround attempt. Shareholders should watch for the promised Q3 revenue ramp-up and closure of the Odisha deal as key triggers.