Un-Audited Financial Result for the Quarter Ended 30th September, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.0 pts less than Nifty Microcap 250 and 5.7 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.
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IGC Industries Ltd reported zero revenue from operations for Q2 FY26 (ended September 30, 2025), compared to Rs 198.51 lakhs in the same quarter last year — a 100% year-on-year decline. The company posted a marginal net loss of Rs 0.04 lakhs for the quarter versus a loss of Rs 6.17 lakhs in the corresponding prior period. Total assets stood at Rs 5,445.40 lakhs with equity share capital of Rs 3,472 lakhs and other equity of Rs 795.67 lakhs. The statutory auditor issued a disclaimer of opinion, raising multiple emphasis-of-matter concerns: inability to verify Rs 9.32 crore in advances given for assets and Rs 9.58 crore in unsecured loans, possible undisclosed related party transactions, non-compliance with GST and Income-tax filing/deposit requirements, and lack of debtor/creditor confirmations.
Highly negative for shareholders — zero operating revenue, an auditor who could not form an opinion, and large unverified advances and loans raise serious red flags about governance, fund usage, and going-concern status. Expect negative market reaction and heightened scrutiny from regulators.