Outcome of Board Meeting Held on 14.11.2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.2 pts less than Nifty Microcap 250 and 4.4 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved the unaudited standalone and consolidated financial results for Q2 FY26 (quarter and half-year ended September 30, 2025). The board also noted the resignation of Mr. Kanwar Nitin Singh as Non-Executive Independent Director. The statutory auditor flagged a 'Material Uncertainty Related to Going Concern,' citing huge accumulated losses, halted lending/operational activities, poor recoveries from borrowers, eroded net worth, and delays in statutory payments. A related emphasis of matter noted that the One-Time Settlement (OTS) with all lender banks was completed in Q1 FY26, with the company receiving No Dues Certificates and booking a net loss of Rs. 124.38 lakhs as an exceptional item. The subsidiary Amulet Technologies Limited also has minimal revenues (Rs. 0.20-0.40 lakhs) and continuing losses.
This is a negative signal for shareholders: the auditor has formally raised going concern doubts, meaning there is significant uncertainty about whether the company can continue operations. Combined with the independent director's departure and weak financials, the stock carries elevated risk despite the OTS resolution with lenders.