Board outcome Q1FY26 results with qualified audit opinion

Going-concern doubtQualified audit opinionRevenue declinedNet loss reportedContingent liabilities increasedResults View source PDF Explain this filing

DHARAN · price

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Price reactionminutes from the announcement price · days from the prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-2.6% vs market

On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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AI summary

Board of Dharan Infra-EPC approved Q1FY26 (Jun 30, 2025) standalone and consolidated results on Dec 9, 2025. Note: attached results appear to be for KBC Global Limited, not Dharan. Standalone revenue Rs 14.28L vs Rs 131.28L YoY. Net loss Rs 753.21L vs Rs 218.54L. Auditor gave qualified opinion flagging FEMA violations on USD 80.62M FCCBs, unpaid statutory dues, GST and IT return defaults, and material going concern uncertainty.

Likely market impact

Qualified audit opinion, going concern flag, heavy losses, and FEMA/regulatory risks are serious red flags for shareholders.