Q1 FY26 results with qualified opinion and major revenue collapse

Going-concern doubtQualified audit opinionNet loss reportedRevenue declinedContingent liabilities increasedResults View source PDF Explain this filing

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

-3.2%Reaction day

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prior close

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announcement price

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

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Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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AI summary

Quarterly results for quarter ended June 30, 2025. Revenue from operations collapsed to 11.28 lakhs from 933.48 lakhs year on year. Net loss widened to 835.83 lakhs versus 247.27 lakhs earlier. Auditor issued a qualified opinion citing deviations in deployment of FCCB funds and FEMA non-compliance, and flagged going concern uncertainty. Loans classified as NPA with no principal repaid, statutory dues unpaid over a year, GST returns unfilled since December 2023.

Likely market impact

Auditor raised going concern uncertainty and qualified opinion. Revenue collapsed and losses widened, signalling severe financial distress and regulatory non-compliance.