1 The Board approved Un-audited financial results of the company for the quarter ended on 30-06-2025 placed before the board for consideration. 2 The Board has reviewed the Limited Review ....
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The Board approved the unaudited standalone financial results for Q1 FY26 (quarter ended 30 June 2025), reporting zero revenue from operations and a net loss of Rs. 29.08 lakhs against a Rs. 0.72 lakh loss in the same quarter last year. Loss per share widened sharply to Rs. (1.37) from Rs. (0.03) a year ago. The statutory auditor (GMK Associates) issued a limited review report with an unmodified opinion, but included a critical Emphasis of Matter flagging that the financial results were NOT prepared on a going concern basis. A second emphasis point noted the absence of balance confirmations, the impact of which could not be determined. The Board also fixed the 41st AGM for 29 August 2025 and approved related AGM documents.
The going concern flag is a serious red flag suggesting the company may struggle to continue as a going concern, which could weigh heavily on the stock price and raise investor concern. Combined with zero operating revenue and a deepening loss, shareholders should exercise significant caution as operational viability appears questionable.