Q1 FY27 results: Zero revenue, net worth eroded, going concern flagged
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Company posted Q1 FY27 results (quarter ended 30 June 2026) with zero revenue from operations. Loss widened to 26.20 lakhs versus 23.71 lakhs in the same quarter last year. Full year FY26 loss was 78.89 lakhs. Accumulated losses of 572.67 lakhs have fully eroded net worth (paid-up capital 355 lakhs). Auditors flagged material uncertainty on going concern ability. Management cites new software under development and plans to raise additional funds from promoters or equity.
Severe financial distress: no revenue, negative net worth, and going concern doubt. High risk for shareholders; recovery depends on new software launch and funding.