As per annexure attached
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Awaiting price reaction for this filing.
The Board approved un-audited financial results for Q1 FY26 (quarter ended 30 June 2025). Standalone revenue from operations was Rs. 68 lakhs with a net loss of Rs. 11.28 lakhs (EPS negative Rs. 1.13); consolidated revenue was Rs. 68 lakhs with a net loss of Rs. 10.48 lakhs. The Board ratified a preferential allotment of 20,56,965 equity shares at Rs. 29 each (1,00,000 to a non-promoter and 19,56,965 to promoters/non-promoters against loan conversion), raising paid-up equity capital to Rs. 3.05 crore (30,56,965 shares). The auditor issued a qualified opinion, flagging that the company has not provided for delayed interest of around Rs. 352-353 lakhs (mainly on the Red Fort Capital NPA loan) and noting unpaid statutory dues (PF, ESIC, TDS, PT) and overdue loan EMIs across five lenders. Company Secretary Ms. Puja Pratik Mehta resigned effective end of 14 August 2025.
Negative near-term sentiment: persistent quarterly losses, a qualified audit report on a large unprovided interest liability, and an existing NPA tag on the Red Fort Capital loan (under arbitration) raise going-concern and cash-flow worries. The preferential allotment at Rs. 29 (vs Rs. 10 face value) partly converts debt to equity, which may ease pressure short-term but dilutes existing shareholders, and the Company Secretary exit is a minor governance flag.