Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved unaudited financial results for the half year ended September 30, 2025, which show severe financial deterioration. Revenue from operations collapsed to Rs. 53.43 lakhs from Rs. 322.34 lakhs in the same period last year, and the company swung from a profit of Rs. 228.86 lakhs to a loss of Rs. 453.53 lakhs. Net worth has turned negative at Rs. (28.86) lakhs, down from Rs. 424.67 lakhs at March 2025, with reserves and surplus at a deeply negative Rs. (1,166.88) lakhs. The statutory auditor issued a qualified opinion, flagging that inventory of Rs. 50.40 lakhs is not stated at the lower of cost or net realisable value — a qualification now repeated for the seventh time. The company also disclosed that a bank has declared its loan account as an NPA, with no interest being booked.
This is a red-flag filing for shareholders: revenue has nearly vanished, losses have ballooned, net worth is eroded into negative territory, and the auditor's qualified opinion is now a recurring issue. Cash balance is critically low at Rs. 1.23 lakhs, raising serious going-concern doubts and likely putting downward pressure on the stock.