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 ....

Revenue declinedNet loss reportedNegative operating cash flowGoing-concern doubtEmphasis of matterResults View source PDF Explain this filing

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

-8.3%Reaction day

₹65.80

prior close

₹66.45

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-8.9% vs market

Industrial Products peers, median of 116sector-0.1%-8.2% vs sector

On the reaction day the stock moved 8.9 pts less than Nifty Microcap 250 and 8.2 pts less than its Industrial Products 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

-2.7

10m

-5.2

15m

-5.5

30m

-7.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-8.3+0.6-8.9-0.1-8.2

Next day

-8.8-0.2-8.6-1.7-7.1

-11.1-0.4-10.7-1.2-9.9

-13.1-0.7-12.4-2.1-11.0

-11.4-2.2-9.2-3.5-7.9

-14.4-2.8-11.6-4.5-9.9

-28.1-1.4-26.7-3.6-24.5

15d

-40.2-7.0-33.2-8.3-31.9

-55.0-6.1-48.9-6.9-48.1

-50.6-9.2-41.3-13.8-36.7

-70.5-6.8-63.7-15.3-55.2

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 116Pending

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

AI summary

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.

Likely market impact

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.