Unaudited Financial Results For The Quarter Ended 30Th June, 2025
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The Board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at just ₹47 lakhs (vs nil in Q1 FY25) with total income of ₹144.3 lakhs. The company reported a net loss of ₹(465.56) lakhs against a profit of ₹70.50 lakhs in Q1 FY25, with basic EPS of ₹(0.24). Exceptional items included ₹33.46 lakhs profit on sale/discard of fixed assets and ₹7.80 lakhs profit on sale of excess inventory. The 22nd AGM is scheduled for September 29, 2025. Plant operations have been temporarily shut down since October 31, 2023, and the new management is exploring options to resume operations while the promoter is infusing funds.
The company faces serious going concern challenges – operations have been halted for nearly two years, revenue is minimal (mostly by-product sales), and losses continue to mount. Shareholders face significant uncertainty, with revival dependent on management finding partners/lenders and promoter support. Additionally, the statutory auditor was unable to express any conclusion on the consolidated results due to non-availability of the foreign subsidiary's financials, which is a material red flag for investors.