Outcome of Board Meeting for approval of Unaudited Financial Results.
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Awaiting price reaction for this filing.
The Board of Kanel Industries approved unaudited standalone financial results for the quarter ended June 30, 2025. Revenue from operations was nil in Q1 FY26, compared to Rs. 0.10 lakhs in Q4 FY25 and nil in Q1 FY25, indicating negligible business activity. Total expenses surged sharply to Rs. 7.57 lakhs in Q1 FY26 from Rs. 0.50 lakhs in Q1 FY25. The company reported a loss after tax of Rs. 7.47 lakhs in Q1 FY26, wider than the Rs. 0.50 lakh loss in the same quarter last year. Earnings per share stood at negative Rs. 0.047 for the quarter. Statutory auditors N.S. Nanavati & Co. issued a clean limited review report with no qualifications or concerns raised.
The widening quarterly loss and continued absence of operating revenue point to ongoing operational stress, which is a negative signal for shareholders. The stock may remain under pressure until the company restarts revenue-generating activities.