Approval of Unaudited results
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Awaiting price reaction for this filing.
Deccan Polypacks has reported its Q2 FY26 unaudited results showing zero revenue and a loss of Rs 31.59 lakh, compared to a profit of Rs 90.52 lakh in the prior period. The P&L is presented under 'Discontinued Operations,' suggesting business activity has wound down. The balance sheet shows total assets collapsing from Rs 14.41 lakh to Rs 5.40 lakh, shareholders' equity plunging from Rs 5.52 lakh to a deeply negative Rs (1,359.94) lakh, and long-term borrowings surging from Rs 8 lakh to Rs 1,363.87 lakh. The auditor (GMK Associates) issued an Emphasis of Matter flagging that the financials are NOT prepared on a going-concern basis and that balance confirmations are pending.
This is a severe red flag for shareholders — the company appears financially distressed with wiped-out equity, ballooning debt, no operations, and the auditor explicitly questioning going-concern status. The stock is likely to face heavy selling pressure and risk of regulatory/delisting action.