It is hereby informed that the Board has considered and approved the appointment of Mr. Amit Kumar Agarwal as the Chief Financial Officer in full time employment of the Company subject ....
Awaiting price reaction for this filing.
Linaks Microelectronics held a board meeting on August 6, 2025 and approved three key appointments: Mr. Amit Kumar Agarwal as Chief Financial Officer (full-time), Ms. Bhumika Mittal as Company Secretary cum Compliance Officer, and M/s Saurabh Gaur & Co. as Internal Auditor for FY26. The board also approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025), which reported zero total revenue versus ₹4.57 lakh in the prior year period. The company posted a loss before tax of ₹7.10 lakh (vs ₹23.11 lakh loss last year), with EPS of ₹(0.22). The balance sheet remains deeply stressed, with negative reserves and surplus of approximately ₹26.14 crore and long-term borrowings of about ₹23.99 crore against total assets of just ₹3.07 crore.
Filling the CFO and Company Secretary roles is a positive governance step, but the financial picture is alarming — zero operating revenue, deeply eroded shareholder equity (reserves are massively negative), and high borrowings suggest the company is in serious financial distress. Shareholders should treat this as a high-risk, closely-monitored situation with potential going-concern concerns.