Outcome of Board meeting pursuant to regulation 30 of SEBI LODRRegulations, 2015 , wherein the following items were transacted together with agenda items. 1. Considered and approved the ....
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The Board approved the unaudited standalone financial results for Q2 and H1 FY26 (ended September 30, 2025). Q2 net sales collapsed to Rs. 35.73 lakhs, down from Rs. 175.79 lakhs in Q2 FY25 (~80% YoY decline), while H1 sales fell to Rs. 184.35 lakhs from Rs. 284.60 lakhs (~35% YoY). The company reported a net loss of Rs. 129.53 lakhs in Q2 and Rs. 277.72 lakhs in H1, though losses narrowed compared to Rs. 216.16 lakhs and Rs. 347.61 lakhs in the prior-year periods. The balance sheet shows deeply negative other equity of Rs. -772.96 lakhs against share capital of Rs. 628.89 lakhs, meaning net worth is fully eroded. Total borrowings stand at Rs. 4,093 lakhs, dwarfing the asset base. Statutory auditor Grandhy & Co. issued a clean (unmodified) Limited Review Report.
Sharp revenue decline combined with fully eroded net worth and heavy borrowings raises serious going-concern concerns. Despite narrower losses, the company's financial position remains very weak and shareholders face material risk. The stock is likely to remain under pressure until revenue stabilises and the balance sheet is strengthened.