Outcome of Board Meeting for Unaudited Financial Result for Quarter and Nine Months Ended for 31st December, 2025
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Awaiting price reaction for this filing.
IGC Industries reported zero revenue from operations for Q3 FY26 (₹Nil) and for the nine months ended December 2025, compared to ₹198.51 lakhs in the full financial year ended March 2025. The company posted a net loss of ₹28.97 lakhs in Q3 FY26 and the same ₹28.97 lakhs loss for the nine-month period, with EPS of ₹(0.08). The statutory auditor issued a disclaimer of opinion, flagging major concerns: ₹9.32 crore in advances for assets and ₹9.58 crore in unsecured loans with no documentation, uncertainty over whether these involve related parties and whether they are at arm's length. The auditor also noted non-compliance with GST and income-tax filing/deposit requirements, with potential interest and penalties not provided for in the books.
This is a deeply negative filing — operations appear to have completely halted, losses are mounting, and the auditor's disclaimer plus related-party and statutory non-compliance flags point to serious governance and solvency risks that investors should treat as a strong warning signal.