Dear Sir/Madam, This is with reference to the captioned subject, the Board of Directors of the Company at their meeting held on 05th November, 2025, after deliberate discussions has, inter ....
Awaiting price reaction for this filing.
Linaks Microelectronics' Board, at its meeting on November 5, 2025, approved the unaudited standalone financial results for the quarter and half-year ended September 30, 2025, along with the auditor's limited review report. BSE had earlier flagged two filing discrepancies — a missing PDF-format cash flow statement (showing quarterly instead of half-yearly figures) and incomplete columns in the results — both of which the Company Secretary has now confirmed have been rectified and re-submitted. The financials reveal a deeply stressed position: revenue from operations is effectively nil, the company posted a loss before tax of about ₹6.03 lakh for Q2 and ₹23.11 lakh for H1 FY26, and accumulated losses have ballooned reserves and surplus to a negative ₹26.20 crore against a share capital of ₹4.95 crore. Long-term borrowings stand at ₹24.02 crore, while cash and bank balances are barely ₹2.54 lakh, and trade receivables are just ₹1.89 lakh. The auditor's limited review report is unqualified, with no material misstatements identified.
Minor positive from a procedural standpoint — the stock is not under any exchange action and the filing is now compliant — but the underlying business shows no revenue, mounting losses, and a highly leveraged, weak balance sheet, which remains a significant concern for shareholders.