Dear Sir/Madam, This is with reference to the captioned subject, the Board of Directors of the Company at their meeting held today, i.e.. 05th November, 2025, after deliberate discussions ....
Awaiting price reaction for this filing.
Linaks Microelectronics reported zero revenue from operations for the second quarter in a row, with Q2 FY26 (ended 30 Sept 2025) showing no income at all. The company posted a net loss of ₹6.03 lakh, slightly improved from a ₹7.10 lakh loss in Q1 FY26, with expenses limited to depreciation (₹2.53 lakh) and administrative costs (₹3.50 lakh). The balance sheet remains deeply stressed: reserves and surplus are negative at ₹26.20 crore, long-term borrowings stand at ₹24.02 crore, and total assets are just ₹3.04 crore. Operating cash flow was negative at ₹3.42 lakh, and the company raised ₹3.37 lakh in fresh borrowings just to keep the lights on. The auditor (RS JB & Associates) issued an unqualified limited review report with no qualifications or emphasis-of-matter language.
This is a deeply concerning set of numbers for shareholders — zero revenue, continuous losses, and reserves eroded by ₹26+ crore against tiny assets raise serious going-concern doubts. With the company effectively living off borrowings and showing no signs of business revival, the stock carries very high risk and is effectively a non-operating shell at present.