In continuation to our letter dated 21st, January, 2026, this is to inform you that the Board of Directors of the Company at its meeting held today i.e. 24th January, 2026, have duly approved ....
Awaiting price reaction for this filing.
Sai Industries' board, meeting on 24 January 2026, approved the unaudited results for the quarter ended 31 December 2025. The company reported a net loss of Rs. 0.33 lakh in Q3 FY26, slightly better than the Rs. 0.78 lakh loss in the year-ago quarter, but the cumulative 9-month loss widened to Rs. 2.48 lakh versus Rs. 1.91 lakh a year earlier. Revenue from operations is reported as nil across all periods shown, indicating the company has virtually no active business. The balance sheet is severely stressed with negative shareholder equity of Rs. (177.70) lakh, reserves of Rs. (474.46) lakh, and short-term borrowings that have ballooned from Rs. 121.97 lakh to Rs. 823.47 lakh. Auditor Girotra & Co. issued an unqualified limited review report.
The stock remains a high-risk micro-cap with no operating revenue, continuous losses, and a deeply negative net worth that signals serious going-concern worries for retail shareholders. The surge in borrowings against near-zero business activity suggests the company is funding itself through debt rather than operations, which could lead to further dilution or restructuring risk.