Outcome of Board Meeting for Unaudited Financial Result for Quarter and Nine Months Ended for 31st December, 2025

Emphasis of matterRevenue declinedNet loss reportedRelated-party transactionsContingent liabilities increasedResults View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-5.8%Reaction day

₹2.58

prior close

₹2.52

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.5%-4.3% vs market

Trading & Distributors peers, median of 132sector-0.2%-5.6% vs sector

On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 5.6 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.6

10m

-4.8

15m

-4.4

30m

-3.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.8-1.5-4.3-0.2-5.6

Next day

-7.4-2.2-5.2-0.6-6.8

-8.9-1.2-7.7-0.6-8.3

-7.4-0.9-6.4-1.4-6.0

-7.0-2.3-4.6-1.8-5.2

-8.5-2.5-6.0-2.4-6.2

-14.7-3.6-11.1-3.5-11.2

15d

-19.8-10.4-9.4-8.2-11.6

-20.5-11.3-9.2-9.3-11.2

-10.9-3.6-7.3-1.2-9.6

-13.6+3.9-17.4-1.6-12.0

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 132Pending

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

AI summary

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.

Likely market impact

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.