Dear Sir/Madam, Attached herewith unaudited financials for the quarter and half year ended 30th September, 2025. Kindly take the same on records.
Awaiting price reaction for this filing.
Vardhman Concrete reported nil revenue from operations for the quarter and half year ended September 2025, with only 'other income' of Rs 1.35 lakhs in Q2 FY26 and Rs 2.34 lakhs in H1 FY26. The company posted a loss after tax of Rs 3.92 lakhs for Q2 and Rs 6.25 lakhs for H1 FY26, an improvement from the H1 FY25 loss of Rs 19.79 lakhs. The balance sheet remains deeply stressed with negative shareholders' funds of about Rs 10.16 crores and accumulated other equity deficit of Rs 17.48 crores against borrowings of Rs 15.76 crores. Operating cash flow was negative at Rs 3.67 lakhs outflow, though closing cash improved to Rs 67,313. Auditor G.P. Sharma & Co. LLP issued an unqualified (clean) limited review report.
This is a deeply troubled micro-cap with no core business revenue, negative net worth and persistent losses. The narrowing of losses is a marginal positive, but the going-concern risk remains high and the stock is likely to remain illiquid and speculative; existing shareholders face meaningful dilution or restructuring risk.