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' Board, which met on August 6, 2025, approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025) along with the limited review report. The company also appointed Ms. Bhumika Mittal as Company Secretary cum Compliance Officer, Mr. Amit Kumar Agarwal as Chief Financial Officer, and M/s Saurabh Gaur & Co. as Internal Auditors. The results show zero operating revenue for the quarter, against Rs. 4.57 lakh in the prior full-year period, with a net loss of Rs. 7.10 lakh (EPS of negative Rs. 0.22). The balance sheet reveals deeply negative reserves and surplus of about Rs. 26.14 crore against share capital of Rs. 4.95 crore, with long-term borrowings of nearly Rs. 24 crore and negative operating cash flow of Rs. 10.10 lakh for the quarter.
Shareholders should note that the company continues to report zero operating revenue and its accumulated losses now vastly exceed its share capital, raising serious going-concern doubts. The simultaneous appointment of a new CFO and Internal Auditor signals management change amid financial weakness; near-term stock sentiment is likely to remain weak given the distressed balance sheet.