Outcome of Board Meeting held on 14th February, 2026 through video conferencing to approve Unaudited Financial Results for Quarter and Nine Months ended December 31, 2025
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Ecoboard Industries reported a strong revenue jump in Q3 FY26 with total income at Rs 960.37 lakhs versus Rs 194.42 lakhs in the same quarter last year, while nine-month revenue grew about 47% to Rs 1,624.13 lakhs. Despite the top-line growth, the company remained in the red with a Q3 loss of Rs 78.01 lakhs and a nine-month loss of Rs 709.68 lakhs, narrowing from Rs 1,212.20 lakhs a year ago. The balance sheet remains stressed, with other equity at a deeply negative Rs (4,465.92) lakhs against paid-up capital of Rs 2,296.53 lakhs. The auditor flagged significant unresolved tax disputes totaling roughly Rs 1,804 lakhs (excise duty, income-tax demands), for which no provision has been made. The company raised funds via preferential share allotments and convertible warrants, and the promoter converted debt of about Rs 544 lakhs into equity, while directors waived remuneration.
Continued losses and a deeply negative net worth point to serious going-concern risk for shareholders, and the large unprovided tax liabilities could materially impact future cash flows if appeals fail. Revenue growth is encouraging but profitability recovery remains the key thing to watch.