Outcome of the Board Meeting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.4 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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IND Renewable Energy Ltd (formerly Vakharia Power Infrastructure Ltd) reported its Q2 FY26 results through a board meeting held on February 5, 2026. The company posted zero revenue from operations across all reported periods, continuing its non-operational status. It booked a net loss of Rs 3.10 lakh for the quarter, compared to Rs 3.50 lakh loss in the previous quarter. Total expenses remained negligible at Rs 3.17 lakh for the quarter. The balance sheet shows total assets of Rs 26.72 crore, with Rs 26.58 crore parked as loans and advances, and cash of just Rs 0.43 lakh. Borrowings edged up to Rs 47.22 lakh from Rs 38.90 lakh. The auditor issued an unmodified review report, though the filing notes that creditor and advance balances are subject to confirmation.
The company remains effectively non-operational with no revenue, persistent small losses, and near-zero cash, raising serious concerns about its ability to continue as a going concern. Shareholders should note that the company's value sits almost entirely in unconfirmed loans and advances, making the stock highly speculative and risky.