Related Party Transaction statement as on 30.09.2025.
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Emerald Leisures Ltd's board, meeting on 14 November 2025, approved unaudited standalone and consolidated results for Q2 and H1 FY26 (ended 30 Sept 2025). Revenue from operations was nearly flat at Rs 301.04 lakhs for Q2 (vs Rs 305.38 lakhs YoY) and Rs 664.43 lakhs for H1 (vs Rs 665.01 lakhs YoY). The company posted a net loss of Rs 314.73 lakhs in Q2 and Rs 566.83 lakhs for H1, a marginal improvement from the Rs 593.91 lakh loss a year ago. Finance costs remain heavy at Rs 696.23 lakhs for H1, driving the persistent losses. Standalone net worth is deeply negative at Rs (8,125.56) lakhs, with total borrowings around Rs 14,196 lakhs. The board also approved partial redemption of preference shares and formed a Preferential Issue Committee to allot convertible warrants.
Shareholders should note continued losses, negative standalone net worth, and very high debt-related interest costs, although revenue is stable. The auditor flagged an emphasis-of-matter note on impairment assessment but management sees no need for it. Plans for preference share redemption and convertible warrants could dilute equity and signal an attempt to restructure the balance sheet.