BSEInd Agiv Commerce LtdMediumNeutral
Announced Fri, 14 Nov · 16:21 IST

As per annexure attached

Loan NpaBoard & Shareholder Meetings View source PDF

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Ind Agiv Commerce's board, at its 14 Nov 2025 meeting, approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 ended 30 Sept 2025. Standalone H1 revenue from operations was Rs. 193.35 lakhs (vs Rs. 234.56 lakhs in H1 FY25) with a net loss of Rs. 64.31 lakhs; consolidated H1 net loss was Rs. 67.83 lakhs. Both standalone and consolidated books continue to show negative net worth (Rs. -667.94 lakhs and Rs. -711.67 lakhs respectively), and basic EPS for H1 stood at Rs. -6.43 (standalone). The statutory auditor issued a qualified opinion, flagging unpaid statutory dues (PF, ESIC, TDS, PT), overdue loan EMIs to NBFCs (Red Fort, Clix, Bajaj, Neo-growth, Insta Capital), and non-provision of ~Rs. 353 lakhs of delayed interest cost – if adjusted, H1 loss would balloon to around Rs. 393 lakhs and EPS to Rs. -39.36. The Red Fort Capital loan is already classified as NPA with arbitration pending in the Delhi High Court. Separately, Omprakash Keshavdev Harshwal (ACS 5042, 40+ years experience) was appointed as Company Secretary and Compliance Officer w.e.f. 14 Nov 2025.

Likely market impact

Negative – persistent losses, negative net worth, repeated qualified audit opinion, multiple NBFC loan defaults and an NPA with ongoing legal proceedings point to serious financial stress; existing shareholders face equity erosion risk and the stock is likely to remain weak.