Outcome of the Board Meeting held on Thursday, 13th November, 2025 and submission of Un-Audited Financial Results for the Second Quarter and Half-Year ended on 30th September, 2025

Revenue declinedNet loss reportedGoing-concern doubtResults View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-2.3% vs market

Other Textile Products peers, median of 175sector-0.2%-2.2% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 2.2 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The Board approved un-audited standalone results for the quarter and half-year ended 30-Sep-2025. The company reported zero revenue from operations for both Q2 and H1 FY26, indicating no core business activity. Total expenses more than five-fold jumped to Rs 5.69 lakh (from Rs 1.04 lakh in H1 FY25), driven mainly by higher employee costs and other expenses. Net loss widened sharply to Rs 6.41 lakh (vs Rs 1.04 lakh loss a year ago), resulting in a loss per share of Rs 0.04. The balance sheet remains weak — total equity is negative at Rs (12.18) lakh with reserves at a negative Rs 1,572.18 lakh, and cash and equivalents stand at just Rs 0.78 lakh. Statutory auditor M/s Rajeshkumar P. Shah & Co issued an unmodified limited review report.

Likely market impact

With zero operating revenue, deepening losses, completely wiped-out shareholder equity, and almost no cash on hand, the company is facing serious financial stress and a potential going-concern situation, which is a significant red flag for shareholders and is likely to weigh on the stock.