Q1 FY27 results: zero revenue, Rs 4.62 lakh loss; promoter reclassification approved
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Board approved Q1 FY27 unaudited results. Revenue from operations stood at zero, unchanged from prior periods. Total expenses of Rs 3.62 lakh led to a net loss of Rs 4.62 lakh versus Rs 6.33 lakh in Q1 FY26. FY26 full year also reported zero revenue with a Rs 25.50 lakh loss. Company appears dormant with no operating income. Board also approved reclassifying Mr Pradip Bachubhai Shah from promoter to public category. Auditor issued an unqualified limited review report.
Zero revenue with continuing losses raises going concern worries. Promoter exit may signal further governance shift at the company.