Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q3 FY26 (quarter ended Dec 31, 2025). The company reported zero revenue from operations and total income of just Rs. 10.51 lakhs, against total expenses of Rs. 171.29 lakhs, resulting in a net loss of Rs. 164.60 lakhs. For the nine-month period, cumulative losses widened to Rs. 370.37 lakhs, and other equity is deeply negative at Rs. (575.05) lakhs. The Board also appointed Mr. Dhiraj Saxena as Chief Technology Officer effective Feb 18, 2026. Additionally, the company disclosed that 18% consideration has been paid towards the proposed 100% acquisition of Welcost Finstocks Private Limited, with RBI approval pending, and the registered office has shifted from Delhi to Mumbai.
Continued operational cash burn with no core revenue and mounting losses signals serious financial stress for shareholders. The CTO hire and the pending Welcost Finstocks acquisition suggest a strategic pivot, but the deeply negative other equity and lack of operational income remain key concerns that could weigh on the stock.