Board Meeting Outcome for Unaudited Financial Results (Standalone and Consolidated) for the 3rd quarter and Nine months ended December 31, 2025.
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Awaiting price reaction for this filing.
The board approved Facor Alloys' unaudited results for Q3 and 9M FY26. The company's plant has been shut down since October 31, 2023, leading to effectively nil operating revenue during the quarter and year-to-date. Standalone net loss for Q3 FY26 stood at ₹436.81 lakhs and ₹1,269.41 lakhs for 9M FY26, with basic EPS of ₹(0.22) and ₹(0.65) respectively. The statutory auditor flagged a material uncertainty about the company's ability to continue as a going concern and included an Emphasis of Matter in both standalone and consolidated reviews. Management plans to divest plant and machinery, with shareholder approval received in July 2025 and an advance of ₹24.97 crore from a buyer already in hand, though the definitive sale agreement is still not finalized. The consolidated review could not be concluded because the foreign subsidiary's financial information was unavailable to the new management.
This is a deeply negative filing for shareholders — the company has had no real operations for over two years, is reporting consistent losses, and auditors have flagged going-concern doubt. The stock remains under severe pressure, and recovery hinges entirely on successful completion of the plant and machinery sale. Investors should treat this as a high-risk situation with limited near-term catalysts beyond the divestment.