Outcome of the Board Meeting held on Thursday, November 13, 2025, i.e, today, to consider and approve the un-audited financial results for the quarter and half year ended September 30, 2025.
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The Board approved unaudited financial results for the quarter and half year ended September 30, 2025, along with the auditor's limited review report and the appointment of an internal auditor. Operations have collapsed dramatically — total income for Q2 FY26 was just Rs 1.69 lakh versus Rs 144.57 lakh in Q2 FY25, a near-total wipeout of revenue. The company reported a Q2 loss of Rs 24.51 lakh and an H1 FY26 loss of Rs 39.19 lakh, compared to profits of Rs 115.01 lakh and Rs 99.27 lakh respectively in the same prior periods. EPS for H1 FY26 turned negative at Rs (0.48) versus Rs 1.17 earlier. The balance sheet shows negative shareholders' funds of Rs (261.88) lakh with accumulated losses in reserves of Rs (1,085.38) lakh, while total assets stand at Rs 344.86 lakh.
This is a deeply negative disclosure — the company has lost virtually all operating revenue, swung to losses, and its net worth is eroded (negative reserves). Shareholders should view this as a serious distress signal; the stock is likely to react negatively given the going-concern-like state of the balance sheet.