Pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of Deep Health ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Deep Health AI India Ltd (formerly Deep Diamond India Ltd) has reported audited standalone financial results for FY 2025-26 with total income of Rs. 849.02 Lacs (up from Rs. 200.54 Lacs). Net profit after tax stood at Rs. 129.91 Lacs vs Rs. 86.07 Lacs previous year. However, total comprehensive income turned deeply negative at Rs. (894.17) Lacs due to an Other Comprehensive Income loss of Rs. 1,024.08 Lacs. The company recognized an exceptional loss of Rs. 577.84 Lacs from the failed acquisition of Oasis Ceramics Pvt Ltd under IBC proceedings, where it missed the payment timeline and the bank guarantee of Rs. 3.21 Crore was invoked. The company raised Rs. 39.97 Crore via Rights Issue but diverted Rs. 37.47 Crore to stock market investments instead of stated objects (acquisition and corporate purposes), later ratified by shareholders. VRS K&Co. LLP issued an unqualified audit opinion, and M/s. Valawat & Associates was appointed as the new internal auditor for FY 2026-27.
Shareholders should note the significant misuse of Rights Issue proceeds and failed acquisition leading to exceptional losses. The large negative OCI raises concerns about asset valuation. While net profit increased, the company faces governance and compliance issues that may negatively impact investor confidence.