Integrated Filing (Financial) for the quarter ended 31st March,2026
Awaiting price reaction for this filing.
The company filed audited standalone results for FY26. Total revenue collapsed to nearly nil (₹1) versus ₹2.06 crore in FY25, and the company reported a net loss of ₹82.07 lakh, narrower than the ₹129.71 lakh loss in the prior year. Operating cash flow was positive at ₹37.75 lakh but the cash balance fell sharply to ₹0.59 lakh from ₹9.29 lakh. The auditor issued a Qualified Opinion citing loans and advances of ₹54.58 crore given in contravention of Sections 185/186 and borrowings of ₹8.04 crore breaching Sections 73-76 of the Companies Act, along with missing counter-party confirmations and inventory physical verification. Eight Emphasis of Matter paragraphs flag outstanding income tax of ₹127.86 lakh not recorded in books, TDS/TCS dues of ₹10.89 lakh, recoverability risk on trade receivables of ₹14.84 crore, related-party compliance gaps, and absence of an audit trail in the company's Tally software.
This is a deeply negative filing for shareholders: revenue has effectively dried up, the auditor's qualified opinion and multiple emphasis-of-matter items point to serious governance, compliance, and recoverability concerns, raising material risk to the stock despite a slightly narrower loss.