Outcome of meeting of Board of Directors dated September 30, 2025
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The Board of Directors of Innovassynth Investments Limited met on November 13, 2025, and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, along with the limited review report from statutory auditors P G Bhagwat LLP. On a consolidated basis, the company reported a loss after tax of Rs. 494.22 lakhs in Q2 FY26, an improvement from Rs. 699.72 lakhs loss in Q1 FY26, while H1 FY26 loss stood at Rs. 1,193.94 lakhs versus Rs. 1,186.49 lakhs in H1 FY25. The bulk of the loss came from the company's share in losses of its associate, Innovassynth Technologies (India) Limited, which contributed Rs. 447.38 lakhs in Q2 FY26 alone. On a standalone basis, the Q2 FY26 loss was Rs. 46.84 lakhs and H1 FY26 loss was Rs. 68.72 lakhs, with negligible revenue from operations. The filing also notes that the proposed merger by absorption of Innovassynth Technologies into the company (approved by the Board in August 2024) is still awaiting BSE and NCLT approval.
The company remains in losses primarily because of poor performance at its associate, Innovassynth Technologies, which is also being merged into it. Other equity has eroded sharply (from Rs. 1,425.75 lakhs to Rs. 231.81 lakhs on a consolidated basis), cash is almost nil (Rs. 4.06 lakhs), and borrowings have risen. Shareholders should watch for progress on the merger approval, as it is the key potential catalyst, but near-term fundamentals remain weak.