Please find attached the Outcome of 03rd of 2025-2026 Board Meeting held on November 11, 2025.
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The board approved unaudited results for Q2 and H1 FY2025-26 on November 11, 2025. Revenue from operations stood at zero for the quarter as well as the half-year, continuing a pattern seen in prior periods — the company earns only 'Other Income' of Rs 12.29 lakh in Q2 (Rs 24.40 lakh for H1), likely interest on its large loans and deposits book of Rs 613.83 lakh. Profit after tax fell sharply to Rs 1.99 lakh in Q2 versus Rs 6.67 lakh in the same quarter last year (a ~70% decline), with H1 PAT at Rs 2.29 lakh versus Rs 5.28 lakh earlier. EPS dropped to Rs 0.03 (Q2) from Rs 0.12 a year ago. Cash flow from operations remained negative at minus Rs 24.10 lakh for H1. The auditor (B. Mukherjee & Co.) issued an unmodified limited review report.
The company shows no operational business activity — income is entirely from other sources like interest — and profits are shrinking while cash burn continues. For shareholders, this is a red flag as the firm appears to be operating more like a passive investment entity than an active plastics manufacturer, with declining earnings and persistent negative operating cash flow.