DEAR SIR/MADAM ENCLOSED HEREWITH IS OUTCOME FOR OUTCOME AND RESULT FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025.
Awaiting price reaction for this filing.
Goenka Diamond & Jewels reported weak Q2 FY26 results with revenue from operations of just Rs. 39.20 lakhs (standalone) and a loss after tax of Rs. 40.31 lakhs, taking the half-year loss to Rs. 87.39 lakhs. The company is currently under Corporate Insolvency Resolution Process (CIRP), with an Interim Resolution Professional (IRP) running operations as the Board's powers stand suspended. Secured financial creditors have filed claims of Rs. 49,408.27 lakhs against Rs. 17,730.38 lakhs in books, with a Rs. 31,677.89 lakhs differential unaccounted. Trade receivables of Rs. 69,768.84 lakhs are overdue with no expected credit loss provision. The statutory auditor has flagged material uncertainty on going concern due to NPA bank accounts, SARFAESI proceedings, Enforcement Directorate/RBI/SEZ notices, and massive unconfirmed trade payables and receivables.
Stock is highly risky — company is in active insolvency proceedings with the Board suspended, banks have classified loans as NPA, and the auditor explicitly questioned the company's ability to continue as a going concern. Shareholders face significant uncertainty on value recovery, which depends on the CIRP resolution outcome.