As per annexure attached
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Awaiting price reaction for this filing.
The Board of Directors of Ind Agiv Commerce Ltd, at its meeting on 14 November 2025, approved the un-audited standalone and consolidated financial results for the quarter and half year ended 30 September 2025. On a standalone basis, the company reported revenue from operations of just Rs. 36.35 lakhs in Q2 FY26 (vs Rs. 157 lakhs in Q1 FY26) and a net loss of Rs. 29.19 lakhs for the quarter, taking the H1 FY26 loss to Rs. 64.31 lakhs; consolidated loss for H1 was Rs. 67.83 lakhs. The auditor issued a qualified opinion, flagging that the company has not provided interest of Rs. 353.12 lakhs on overdue loans, statutory dues (PF, ESIC, TDS, PT) totalling over Rs. 22 lakhs remain unpaid, and the Red Fort Capital loan of Rs. 430.71 lakhs has been declared NPA with arbitration pending. Additionally, Omprakash Keshavdev Harshwal was appointed as the new Company Secretary and Compliance Officer.
Highly negative for shareholders — the company continues to post losses, has a negative net worth of Rs. 667.94 lakhs (standalone) and Rs. 711.67 lakhs (consolidated), with overdue NBFC loans, unpaid statutory dues, and an NPA loan under arbitration. If the auditor's adjustments are applied, the H1 loss deepens to roughly Rs. 361 lakhs, raising serious solvency and going-concern concerns. Stock action is likely to be negative on sentiment grounds.