Pursuant to 30 and 33 of the SEB! (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with schedule III of the said regulations, we inform you that the Board of Directors ....
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The Board of Directors of Duke Offshore Ltd approved the unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025) along with the related party transactions. The company reported virtually no revenue from operations, with total income of just Rs 2.89 lakhs in Q2 FY26 and Rs 9.39 lakhs for H1 FY26, compared to Rs 76.30 lakhs in H1 FY25 — a steep decline. The company posted a loss after tax of Rs 92.70 lakhs in H1 FY26, slightly wider than the Rs 88.29 lakh loss in H1 FY25. Other equity remains deeply negative at Rs -600.16 lakhs, and cash and cash equivalents have fallen to a near-zero balance of Rs 0.17 lakhs. The statutory auditor (Kirtane & Pandit LLP) issued an unmodified (clean) limited review opinion.
The combination of collapsing revenue, persistent losses, deeply negative net worth, and negligible cash balance is concerning for shareholders. The stock may face continued pressure given the weak fundamentals and going concern-like signals, despite the clean auditor opinion.