FY26 results: auditor disclaims opinion; Rs 15.47 cr loss

Going ConcernRevenue DeclinePat NegativeExceptional ItemDebt Equity ThresholdResults View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Auditor issued a Disclaimer of Opinion due to missing books and records from the prior management. The company was under CIRP since May 2023; NCLT approved the Resolution Plan on 20 June 2025 and new management took over. FY26 revenue was near zero at Rs 2.99 lakhs. The company posted a loss of Rs 1,547.59 lakhs, driven by an exceptional item of Rs 1,522.74 lakhs from CIRP-related write-offs and adjustments. Net worth is negative at minus Rs 246.16 lakhs. Material uncertainty exists on going concern.

Likely market impact

Major red flags: disclaimer of opinion, negative net worth, near-zero revenue, and going concern doubt. Very high risk for shareholders.