Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the meeting of Board of ....
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Covidh Technologies, an IT/ITES company, reported essentially zero revenue from operations for the quarter and half year ended September 2025. Q2 FY26 (Jul-Sep 2025) showed a small profit of Rs. 0.70 lakh, but this came entirely from other income of Rs. 1.00 lakh, not core business. For the half year, the company posted a loss of Rs. 0.84 lakh. The balance sheet reveals deeply negative shareholder equity of Rs. (10.64) lakh against long-term borrowings of Rs. 161.60 lakh, meaning liabilities far exceed assets. Cash and equivalents stood at just Rs. 1.15 lakh, while operating cash flow was negative at Rs. (1.98) lakh for the half year. The prior full-year (FY25) result included an exceptional item of around Rs. 15.15 lakh that turned a small operating loss into a reported profit. Auditor GMKS & Co. issued an unqualified (clean) limited review report.
Shareholders should be very concerned — the company has negative net worth, negligible revenue, persistent losses, and negative operating cash flow, indicating serious financial distress. The small Q2 profit is not from operations but from non-core income and does not change the weak fundamentals.