Unaudited Financial Results for the 3rd quarter and Nine Months ended 31st December 2025.
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Awaiting price reaction for this filing.
The company's plant has been shut down since 31 October 2023, resulting in essentially nil revenue from operations for both Q3 FY26 and the nine-month period. Standalone net loss for Q3 FY26 was ₹436.81 lakhs and ₹1,269.41 lakhs for the nine months, with basic EPS at ₹(0.22) for the quarter. The statutory auditor flagged a material uncertainty about the company's ability to continue as a going concern, citing the plant shutdown and the decision to divest plant and machinery. Shareholders had approved the sale of plant and machinery on 10 July 2025, and ₹24.97 crore advance has been received from a buyer, but the definitive sale agreement is not yet finalised. The auditor was unable to complete the consolidated review because the foreign subsidiary's financials were not available, and the company's complaint to the EOW over the matter was rejected.
This is a deeply concerning filing for shareholders — the core manufacturing business remains non-operational, losses continue, and the auditor has explicitly raised going concern doubts. The planned plant and machinery sale is the main lifeline, but until it closes, the company is effectively in survival mode with significant uncertainty around equity value.