Please find enclosed the outcome of board meeting held on October 30, 2025
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Awaiting price reaction for this filing.
The Board approved unaudited financial results for the quarter and six months ended September 30, 2025. The company reported zero revenue from operations, with only Rs. 10.33 lakhs of 'other income' in H1 FY26, down from Rs. 23.36 lakhs in H1 FY25. Net loss for H1 FY26 stood at Rs. 12.56 lakhs versus a small profit of Rs. 2.08 lakhs a year ago, with EPS of Rs. (0.0313). The auditor (Kapish Jain & Associates) flagged that the company's net worth is fully eroded at negative Rs. 17,944.88 lakhs and gave a qualified review report citing the going concern uncertainty, though management defends the going concern basis citing future business plans. Operating cash outflow was Rs. 235.01 lakhs for the half-year, leaving only Rs. 59.77 lakhs in cash.
This is a distressed micro-cap shell of the former NBFC Escorts Finance — no operational revenue, fully eroded net worth, and rapidly depleting cash reserves leave shareholders exposed to high going-concern risk. The qualified auditor opinion and unresolved legacy liabilities (Rs. 15,862 lakhs) make this a high-risk holding with no near-term value triggers visible.