Financial Results for the quarter ended 30th September, 2025
Awaiting price reaction for this filing.
Richa Industries Ltd reported its Q2 FY26 results while under liquidation proceedings. The company has been ordered into liquidation by NCLT Chandigarh Bench (June 11, 2025), with Mr. Mohit Chawla appointed as Liquidator. The company reported a loss before tax of Rs 376.67 lakhs for the quarter, compared to a loss of Rs 499.75 lakhs in Q2 FY25. Operating cash outflow was Rs 26.81 lakhs versus inflow of Rs 574.62 lakhs in the same period last year. The company has negative other equity of Rs 13,458.06 lakhs. The liquidator has sold the company as a going concern via auction dated October 16, 2025, for Rs 96 crores. Results are unaudited and subject to limited review.
The company is in liquidation, meaning shareholders will likely receive little to no value as creditors are being settled first. The stock is effectively non-functional as a going concern investment. Any recovery for equity holders depends on asset sale proceeds exceeding creditor claims.