The Board of Directors today approved the Un-Audited Financial Results for the quarter ended 30th June, 2025. Enclosed the copy of the same along with Limited Review Report.
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Awaiting price reaction for this filing.
The board approved un-audited financial results for Q1 FY26 (quarter ended 30 June 2025). The company reported a net loss of about Rs. 58 lakhs for the quarter, compared to a profit of Rs. 26.53 lakhs in Q1 FY25, with basic EPS at Rs. (0.53) vs Rs. 0.45. Total expenses stood at Rs. 2,661 lakhs, up from Rs. 2,237 lakhs a year ago, while revenue from operations remained nil. The company also approved the draft Directors' Report for FY25, appointed a new Secretarial Auditor for a 5-year term, and finalised the 82nd AGM notice. The statutory auditors issued an unmodified review opinion but added a 'Material Uncertainty Related to Going Concern' paragraph, noting accumulated losses of Rs. 7,580.30 lakhs and negative net worth of Rs. 7,067.26 lakhs.
Negative for shareholders — the company swung back to a loss, has no active business operations, and its auditors have flagged a going concern risk due to massive accumulated losses wiping out nearly all of its net worth. This is a serious red flag for retail investors.