Outcome of Board Meeting for Audited Financial Result for 31st March, 2026

Qualified audit opinionGoing-concern doubtNet loss reportedContingent liabilities increasedNegative operating cash flowResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+6.3%Reaction day

₹2.21

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+6.2% vs market

Trading & Distributors peers, median of 131sector+0.0%+6.3% vs sector

On the reaction day the stock moved 6.2 pts more than Nifty Microcap 250 and 6.3 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+6.3+0.1+6.2+0.0+6.3

Next day

+5.9+1.7+4.2+0.4+5.5

+8.6+2.4+6.2+1.1+7.5

+5.0+2.4+2.6+0.5+4.4

+10.4+1.7+8.7+0.0+10.4

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+5.9+1.9+4.0-0.8+6.7

15d

+4.5+4.9-0.4-0.8+5.3

+2.3+8.9-6.7-0.3+2.6

-2.3+7.5-9.8-5.1+2.9

-6.3+13.6-19.9-5.1-1.2

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 131Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

IGC Industries Ltd reported a net loss of Rs 292.97 lakhs for FY 2025-26, a significant deterioration from Rs 6.17 lakhs loss in the previous year. Revenue from operations stood at Rs 19,851 lakhs. The company's equity has turned negative at Rs 1,326.67 lakhs (excluding share capital of Rs 3,472 lakhs). The statutory auditors issued a DISCLAIMER OF OPINION, citing lack of proper documentation for advances to suppliers, Rs 20 crore investment in CNX Corporation shares that was transferred to Shrynax Trading, missing GST/TDS records, and inability to verify inventory balances. The auditors raised serious concerns about the company's ability to continue as a going concern due to continuous losses across all four quarters.

Likely market impact

This is a highly concerning filing for shareholders. The auditor's disclaimer means the financial statements cannot be relied upon. The company is burning cash with no credible recovery plan, and the equity base is eroding rapidly. Significant governance and documentation issues further compound the risk.