H1 FY26 results: loss Rs 111 Cr, auditor qualified view, Rs 1000 Cr raise planned

H1 FY26 revenue Rs 857.87 lakh vs nil, net loss Rs 11,098.90 lakh. Auditor gave qualified conclusion, flagging no impairment test on assets despite losses and negative net worth. Board allotted 50.89 crore shares to Preca Structures as 90 percent new promoter under NCLT plan. Plans to raise about Rs 1000 crore via debt/equity. Three new subsidiaries being incorporated. Wholetime director resigned. Company exited CIRP Oct 2024.