As per annexure attached
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The board approved unaudited Q1 FY26 results (quarter ended 30 June 2025) showing consolidated revenue of Rs. 61 lakhs and a reduced net loss of Rs. 11.28 lakhs versus Rs. 33.45 lakhs in Q1 FY25. The board ratified the allotment of 20,56,965 equity shares at Rs. 29 each on a preferential basis (1,00,000 shares to a non-promoter and 19,56,965 shares to promoter/non-promoters against loan conversion), raising paid-up equity capital to Rs. 3.06 crore (30,56,965 shares of Rs. 10 each). Company Secretary and Compliance Officer Ms. Puja Pratik Mehta resigned effective close of business on 14 August 2025. The auditor issued a qualified opinion flagging unpaid statutory dues (PF, ESIC, TDS, PT), multiple loan defaults including a Rs. 430.71 lakh Red Fort Capital facility (NPA, under arbitration), and roughly Rs. 352+ lakhs of unprovided overdue interest, which if adjusted would widen the loss to about Rs. 361–363 lakhs and EPS to negative Rs. 36.
Operational loss narrowed year-on-year, but the company clearly remains under financial stress with significant loan defaults, unpaid statutory dues, and a qualified audit report revealing large hidden liabilities. Shareholders face dilution from the preferential allotment (including shares issued for loan conversion at Rs. 29) and should watch the arbitration outcome and any further fundraising, as the auditor warns the true loss could be roughly 30x the reported figure.