In Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, this is to inform you that the Board of Directors of M/s Fone4 ....
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Fone4 Communications reported standalone audited results for FY26 ending March 2026. Total income declined to Rs. 5,282.34 Lacs from Rs. 5,834.73 Lacs in FY25, representing approximately 12% revenue decline. The company continued to incur losses with PBT of Rs. (332.82) Lacs and PAT of Rs. (337.40) Lacs, marginally higher losses than FY25's Rs. (294.45) Lacs. Operating cash flows were severely negative at Rs. (1,189.01) Lacs. The auditor issued a Qualified Opinion citing three main issues: inability to confirm trade receivables/payables/loans balances, non-deduction and deposit of PF/ESI contributions since March 2023, and failure to file Income Tax Returns for AY 2023-24, 2024-25, and 2025-26. The company raised Rs. 1,185 Lacs via preferential issue of 79 lakh equity shares at Rs. 15 per share. Additionally, an ICICI Bank loan of Rs. 140.79 Lacs remains NPA with property attachment proceedings pending at DRT.
The company faces significant governance and compliance issues with ongoing losses and negative cash flows. The qualified auditor opinion and multiple regulatory non-compliances (PF, TDS, Income Tax) raise concerns about financial reliability and may negatively impact investor confidence. The NPA status of the ICICI Bank loan and pending DRT proceedings add legal uncertainty.