In continuation of our ealier communication and pursuant to Regulation 30, 33 and other applicable regulations read with Schedule III of Listing Regulations as amended from time to time, ....
Awaiting price reaction for this filing.
Alchemist Corporation's board, at its August 13, 2025 meeting, approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), along with the limited review report from M/s. Krishan Rakesh & Co. The company reported zero revenue from operations and total income of Rs 0.00 lakh (standalone), compared to Rs 2.76 lakh in the year-ago quarter. Standalone net loss stood at Rs 7.03 lakh (vs Rs 3.53 lakh loss in Q1 FY25), while consolidated net loss was Rs 7.20 lakh. The board appointed Mr. Akshay Chaturvedi (DIN: 03206661) as Additional Director and Chairman (Non-Executive Non-Independent) and accepted the resignation of Mr. Rahul Sharma (DIN: 08023343) citing personal commitments. Audit, Nomination & Remuneration, and Stakeholders Relationship Committees were reconstituted accordingly.
With zero operating revenue and widening losses, the company continues to burn through reserves with no visible income stream, which is a red flag for shareholders. The sudden leadership change at the Chairman level may add short-term governance uncertainty, though the new appointee brings 19+ years of digital business experience.