Dear Sir, This is with reference to the captioned subject, the Board of Directors of the Company at their meeting held today, i.e., 06th August, 2025, after deliberate discussions has, ....
Awaiting price reaction for this filing.
Linaks Microelectronics reported zero revenue from operations for Q1 FY26 (quarter ended 30 June 2025), compared with ₹4.57 lakh for the full FY25. Total expenses stood at ₹7.10 lakh, leading to a loss before tax of ₹7.10 lakh (EPS of ₹(0.22)). The company's reserves and surplus are deeply negative at ₹(26.14 crore) against share capital of just ₹4.95 crore, indicating fully eroded net worth. Long-term borrowings of ₹23.99 crore continue to pile up while operating cash flow was negative at ₹(10.10 lakh). The board also appointed Ms. Bhumika Mittal as Company Secretary, Mr. Amit Kumar Agarwal as CFO, and M/s Saurabh Gaur & Co. as Internal Auditor. The auditor (Akshay Vaish & Co.) issued an unmodified limited review report.
This is a distressed micro-cap with zero operating revenue, negative net worth, and ongoing losses — essentially a non-operating, debt-laden shell. The new key managerial appointments may signal an attempt at revival, but shareholders face significant going-concern risk and should not expect near-term value creation.