Board Meeting Outcome for considered and approval unaudited financial results of the company along with Auditors Limited Review Report for the 3rd quarter ended December 31, 2025
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The board approved unaudited Q3 FY26 results (quarter ended Dec 31, 2025) and 9-month results along with the auditor's limited review report. The company reported zero revenue from operations — its only income (₹10.87 lakh in Q3, ₹33.02 lakh for 9M FY26) comes from 'other income.' It swung to a profit of ₹9.03 lakh in Q3 and ₹22.22 lakh for 9M FY26, against losses of ₹110 lakh and ₹330.50 lakh in the matching year-ago periods. However, accumulated reserves (other equity) are deeply negative at ₹(7,217.40) lakh as of the last audited balance sheet. Importantly, ₹35 crore of secured non-convertible debentures (Series A: ₹30 cr, Series B: ₹5 cr) that were due for redemption on March 31, 2025 have not been redeemed — negotiations for extension with the debenture holder are still underway and not finalised. EPS for the quarter was ₹0.45.
On paper, the swing to profit looks positive, but the company is effectively a non-operating shell dependent on other income with a deeply eroded net worth. Shareholders should treat the ₹35 crore unresolved debenture maturity as a key risk — failure to renegotiate could trigger acceleration and create a serious liquidity event.