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 ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fone4 Communications reported a net loss of Rs. 337.40 Lacs for FY2026, compared to a loss of Rs. 318.87 Lacs in the previous year. Revenue from operations declined to Rs. 5,140.65 Lacs from Rs. 5,834.69 Lacs (approximately 12% fall). The company raised Rs. 1,185 Lacs through preferential issue of 79 lakh equity shares at Rs. 15 per share. Operating cash flows were severely negative at Rs. 1,189.01 Lacs due to large trade payable reductions. The auditor issued a qualified opinion citing: unverified trade receivables, payables and advances; non-deduction and deposit of EPF/ESI for employees; and failure to file Income Tax Returns for three assessment years. Additional concerns include an ICICI Bank loan of Rs. 140.79 Lacs declared NPA with attached property, Rs. 1,150.40 Lacs in untracked advances, and non-deposited TDS amounts.
The company faces significant financial stress with persistent losses, negative cash flows, multiple compliance failures and a qualified audit opinion. The recent equity infusion provides liquidity but the NPA situation and going-concern risks make this a high-risk investment.