1 Un-audited financial results of the company for the quarter ended on 31-12-2025 2 the Limited Review Report for the quarter ended on 31-12-2025 3 the resignation submitted by Mr. ....
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Awaiting price reaction for this filing.
The board of Deccan Polypacks approved unaudited results for Q3 FY26 (quarter ended 31-Dec-2025) and accepted the resignation of Mr. Venkata Prudvi Raju Datla as Whole-Time Director, although he will continue on the board as a Director. The company reported a net loss of Rs. 33.75 lakhs for the nine months ended Dec-2025 versus a small profit of Rs. 2.67 lakhs in the same period last year, and all numbers are reported under 'Discontinued Operations'. The balance sheet shows negative net worth of Rs. (1,362.10) lakhs versus just Rs. 552 lakhs at March 2025, with cash and bank balances falling from Rs. 11.00 lakhs to about Rs. 1.87 lakhs. The statutory auditor flagged an Emphasis of Matter stating that the results have NOT been prepared on a going-concern basis and that balance confirmations are still pending.
This is a very negative filing — the auditor explicitly stating the accounts are not on a going-concern basis, combined with negative net worth and near-depleted cash, signals severe financial distress that shareholders should take seriously. The simultaneous resignation of the Whole-Time Director adds to governance uncertainty and the stock is likely to see a sharp negative reaction.