Q1 FY27 results: net loss narrows but auditor flags going concern

Going ConcernQualified OpinionPat NegativeExceptional ItemResults View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+0.4% vs market

Financial Institution peers, median of 7sector-0.8%+1.0% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.0 pts more than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Financial Institution peers, median of 7Pending

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AI summary

Board approved Q1 FY27 results on Aug 10, 2026. Net loss narrowed to Rs 1,967.66 lakh vs Rs 3,102.13 lakh year-ago. Total income Rs 406.15 lakh; interest earned zero; interest expended Rs 2,328.36 lakh. Gross and Net NPA both at 100 percent. Reserves negative at Rs 3,28,194.54 lakh. Auditor issued qualified opinion flagging going concern risk as net worth fully eroded and Corporation defaulted on repayments. Govt dues pending confirmation.

Likely market impact

Severe financial stress: going concern qualification from auditor, 100 percent NPA ratio, and net worth fully eroded. Loss narrowed this quarter.