Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at their Meeting ....
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The board approved unaudited standalone results for Q2 and H1 FY26 (ended Sep 30, 2025). Q2 FY26 showed zero revenue from operations and a net loss of Rs. 62.08 lakh, while H1 FY26 revenue collapsed to Rs. 166.40 lakh from Rs. 1,324.05 lakh a year ago, with PAT falling to Rs. 39.54 lakh from Rs. 332.83 lakh. The company also withdrew its plan to acquire 51% of Mahakal Devcon Limited via share swap and the related preferential issue application. Reserves remain deeply negative at Rs. (1,339.34) lakh, and operating cash flow was nearly flat at Rs. (1.86) lakh versus Rs. 1,062.97 lakh in the prior year. The auditor (NYS & Company) flagged that Sundry Balances are subject to confirmation and were not reviewed.
Sharp revenue decline, quarterly losses, and negative reserves point to serious operational stress for shareholders. Withdrawal of the Mahakal Devcon acquisition removes a potential growth lever and may signal capital-raising or strategy difficulties.