Announced Fri, 21 Aug, 2026 · 20:18 IST
Auditor flags going concern doubt; Q1 revenue nil, loss widens
Going ConcernQualified OpinionAdverse OpinionRevenue DeclinePat NegativeExceptional ItemResults View source PDFExplain this filing
FLEXITUFF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.7%1-day move
₹2.78
prior close
₹2.75
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.4-0.4-0.7-4.7-2.9-4.7-7.6-6.5-13.7-19.4-0.4——
Up moveDown movePending
AI summary
Q1 FY27 standalone revenue nil versus Rs 1,111.20 lakh last year. Net loss Rs 1,568.38 lakh. Auditor issued disclaimer of conclusion and resigned over unpaid fees, citing management deadlock. Going concern doubt flagged with net current liabilities of Rs 32,545.84 lakh and bank dues of Rs 30,935.76 lakh under SARFAESI notices. Deferred tax asset of Rs 5,288.24 lakh reversed. Name change to Kaashipur Ventures proposed.
Likely market impact
Severe distress: nil revenue, going concern doubt, auditor resigned, SARFAESI notices on bank loans. Very high risk for shareholders.