Outcome of Board Meeting for approval of unaudited financials for the quarter ended 30.09.2025
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The Board approved the unaudited financial results for the quarter and half year ended 30 September 2025. Revenue from operations stood at Rs. 98.11 lakhs in Q2 FY26 versus Rs. 100.12 lakhs in Q2 FY25, and Rs. 186.92 lakhs for H1 FY26 versus Rs. 197.08 lakhs in H1 FY25 — roughly a 5% decline. The company swung sharply from a profit of Rs. 14.21 lakhs in H1 FY25 to a loss of Rs. 32.79 lakhs in H1 FY26, with loss per share of Rs. (1.20). Total expenses jumped to Rs. 240.90 lakhs (H1 FY26) from Rs. 191.02 lakhs (H1 FY25), driven by higher employee costs and other expenses. Other equity has turned negative at Rs. (19.87) lakhs as of 30 September 2025, down from a positive Rs. 10.97 lakhs at March 2025. The statutory auditor flagged major concerns in its limited review, noting the company had not inspected its fixed assets, had not maintained a fixed asset register, and had not carried out an inventory inspection — preventing the auditor from obtaining sufficient appropriate review evidence.
Persistent quarterly losses, a slide into negative other equity, and auditor qualifications about unverified assets point to significant financial and governance stress — likely negative for shareholder sentiment and the stock price in the near term.