Outcome of the Board Meeting held on 13-11-2025 for the approval of the unaudited financial results for the quarter and half year ended 30th September 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q2 and H1 FY26. Total income from operations was effectively zero for both the quarter and the half-year, indicating the company is not generating any operating revenue. The company reported a loss of about Rs. 9.47 lakhs in Q2 and Rs. 23.51 lakhs in H1 FY26, against a full-year FY25 loss of Rs. 65.94 lakhs. Shareholders' funds stand at a negative Rs. 248.16 lakhs (Reserves & Surplus of negative Rs. 3,316.76 lakhs versus share capital of Rs. 3,068.60 lakhs), meaning accumulated losses have fully eroded share capital. Total assets are Rs. 678.44 lakhs, with long-term liabilities of Rs. 904.55 lakhs and just Rs. 1.48 lakhs in cash. The auditor flagged that the company has not provided for any impairment losses, which was noted as an exception in the Limited Review Report.
Persistent losses, near-zero revenue, negative net worth and an auditor flag on non-provision for impairment all raise serious going-concern doubts. Shareholders face continued erosion of value and likely dilution risk if the company is forced to raise fresh capital to restore net worth; the stock is likely to remain under pressure.