Financial Results for the quarter and year ended March 31, 2026. Further please note the below mentioned details of borrowing as system was not allowing us to take decimal: 1. Outstanding ....
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Deep Health AI India Limited reported a net loss of Rs. 651.95 Lacs for FY 2025-26, a sharp reversal from a profit of Rs. 129.91 Lacs in the previous year. The company recognized an exceptional loss of Rs. 577.81 Lacs due to a failed acquisition of Oasis Ceramics Pvt. Ltd. under the Insolvency and Bankruptcy Code. The acquisition attempt failed as the company could not pay the balance consideration within the stipulated timeline, leading to invocation of a Rs. 3.21 crore bank guarantee and initiation of liquidation proceedings by the Committee of Creditors. Additionally, the company diverted Rs. 37.47 crore from its Rs. 39.97 crore Rights Issue proceeds to stock market investments instead of the stated acquisition purpose, which was later ratified by shareholders in an EGM held on January 22, 2026. Total income for the year stood at Rs. 703.92 Lacs against Rs. 500.92 Lacs in the previous year.
The company posted a significant net loss driven by exceptional items from the failed acquisition, raising concerns about management's execution capability and use of investor funds. The diversion of Rights Issue proceeds to stock investments, though ratified, represents a governance risk that could negatively impact investor confidence and stock price.