OUTCOME OF BOARD MEETING FOR THE THIRD QUARTER ENDED DECEMBER 31 , 2025 HELD ON 12TH FEBRUARY, 2026 PURSUANT TO REGULATION 30 SEBI LODR REGULATION
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Awaiting price reaction for this filing.
The board of Integrated Thermoplastics Ltd approved its unaudited standalone financial results for Q3 FY26 (quarter ended December 31, 2025). The company reported a net profit of ₹108.69 lakhs for the quarter, sharply lower than ₹591.91 lakhs in the same quarter last year. The balance sheet reveals deeply negative other equity of -₹6,551.52 lakhs against a share capital of just ₹628.89 lakhs, indicating accumulated losses far exceeding capital. Total borrowings stand at ₹3,782 lakhs (non-current) with negligible cash of ₹2.03 lakhs and trade payables of ₹2,444 lakhs. The company also disclosed it does not have a Chairman, Managing Director or Whole-time Director, and the limited review report carries an unmodified opinion from auditor Grandhy & Co.
The combination of massive negative reserves, debt far exceeding equity, near-zero cash and a vacant top leadership role points to serious going-concern and governance risks for shareholders. Stock price is likely to react negatively given the visible financial fragility despite the small Q3 profit.