Financial Results 31 March,2026
Awaiting price reaction for this filing.
The company reported a net loss of Rs 135.54 Lakhs for FY26 compared to a massive loss of Rs 2,528.52 Lakhs in FY25, showing improvement. Total revenue collapsed to just Rs 8.03 Lakhs from Rs 793.70 Lakhs, a decline of over 99%. Operating cash outflow was Rs 42.91 Lakhs. The company has negative equity of Rs 172.41 Lakhs (shareholders' funds eroded), with total liabilities of Rs 772.02 Lakhs against assets of Rs 599.61 Lakhs. Disputed statutory dues of Rs 147.13 Lakhs remain unpaid. Auditors issued an unmodified opinion despite noting cash losses of Rs 84.31 Lakhs for the year.
The company is in severe financial distress with near-zero revenue and negative equity, raising significant going concern doubts despite auditors giving an unqualified opinion.