Q1 FY27 results; auditor flags going concern; fund raise deferred

Board approved Q1 FY27 unaudited results. Standalone loss of 111.15 lakhs vs profit of 7.91 lakhs YoY with no revenue from operations. Consolidated revenue at 404.68 lakhs but loss of 465.10 lakhs vs profit YoY. Auditor flagged going concern uncertainty for subsidiary Nibe Maritime with negative networth of 98.58 lakhs. New internal auditor Kirtane and Pandit LLP and new secretarial auditor appointed for FY 26-27. Proposed fund raise deferred due to market volatility.