Intimation of Outcoem of teh Board meeting held on 19-01-2026
Awaiting price reaction for this filing.
The board approved unaudited standalone results for Q3 FY26 (quarter ended 31 December 2025). The company reported zero income from operations and a net loss of Rs 2,013.14 lakhs for the quarter, taking the nine-month FY26 loss to Rs 5,849.06 lakhs (vs Rs 5,012.64 lakhs in the same period last year). Finance costs of Rs 1,961.42 lakhs drove most of the quarterly loss. The company's Patratu operational assets were earlier sold to Ultratech Cement in November 2023, and it has no functional production unit today. The auditor flagged an Emphasis of Matter, noting management has concluded the company is NOT a going concern, though it is exploring mergers, acquisitions or strategic transactions to revive operations.
This is a deeply negative update for shareholders - the company has effectively ceased operations, is bleeding cash through finance costs with no revenue, and management itself concedes it is no longer a going concern. The stock carries significant risk of further value erosion; any revival depends entirely on a future merger, acquisition or strategic transaction.