Please find attached herewith Unaudited Standalone Financial Results for the Quarter and Half Year ended September 30, 2025
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Kachchh Minerals reported a net loss of Rs 81.92 lakh for Q2 FY26, much wider than the Rs 18.02 lakh loss in Q2 FY25; for the half year, the loss deepened to Rs 99.94 lakh versus a near-flat profit of Rs 0.02 lakh in H1 FY25. Revenue from operations fell to Rs 29.44 lakh from Rs 35.81 lakh, an ~18% year-on-year decline, while total expenses ballooned to Rs 81.92 lakh (vs Rs 18.02 lakh) driven mainly by other expenses of Rs 78.16 lakh, which included a Rs 76 lakh one-time payment toward ROC fees and stamp duty for increasing authorized capital from Rs 10 crore to Rs 90 crore. Operating cash flow swung sharply negative to Rs -89.46 lakh in H1 FY26 compared with a positive Rs 24.78 lakh a year ago, and the balance sheet shows other equity in deeply negative territory at Rs -427.76 lakh against total equity of Rs 93.41 lakh. Separately, the Board withdrew its earlier-approved preferential issue of 7.38 crore equity shares at Rs 28 each, citing investors backing out due to delays in BSE approval, market volatility and a sharp fall in the company's share price.
Sharply higher losses, a swing to negative operating cash flows and the cancellation of the planned equity raise leave the small-cap miner financially stretched in the near term, even though the auditor's limited review report is unqualified. Shareholders should expect continued pressure on the stock given the failed capital raise and persistent operational losses.