Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved unaudited results for Q1 FY26 (quarter ended June 30, 2025). The company reported zero revenue from operations and zero other income, down from total income of Rs. 8.56 lakhs in Q1 FY25. Total expenses stood at Rs. 1.90 lakhs (mainly employee costs and other expenses), leading to a net loss of Rs. 1.90 lakhs versus a profit of Rs. 3.79 lakhs in the same quarter last year. Loss per share was Rs. 0.02. Other equity remains deeply negative at Rs. (1,064.80) lakhs, far exceeding paid-up share capital of Rs. 778.63 lakhs, indicating accumulated losses have wiped out shareholder equity.
With no operating revenue, recurring losses, and severely negative net worth, the company's financial position raises serious going-concern questions. Shareholders should view this as a high-risk situation until the business resumes operations and revenue generation.