1. The Board of Directors in their meeting held today, have taken on record the Unaudited Financial Results for the quarter ended on 30th June, 2025. 2. The Board of Directors of the ....
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Kush Industries Limited reported unaudited standalone results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations was a negligible Rs. 0.24 lakh, unchanged from the year-ago quarter, with total income at Rs. 1.24 lakh versus Rs. 1.84 lakh in Q1 FY25. The company posted a net loss of Rs. 2.34 lakh for the quarter, wider than the Rs. 1.39 lakh loss in Q1 FY25, and continues to carry deeply negative reserves of Rs. 2,209.41 lakh, pointing to large accumulated losses. The statutory auditor (V H Gundarwala & Co.) issued a clean limited review report. The Board also fixed the 33rd AGM for 30 September 2025 (via video conferencing) and approved the appointment of new statutory auditor M/s. P S S P & Co. for five years (replacing V H Gundarwala & Co. on completion of their term) and M/s. Nishant Pandya & Associates as secretarial auditor, both subject to shareholder approval. The company reported no outstanding loans, debt, or defaults.
The results confirm that operations are essentially dormant, with revenues too small to cover even basic overheads and losses continuing to widen, which is a clear negative for shareholders. Heavy accumulated losses in reserves raise going-concern questions, though the absence of debt and a clean auditor review provide some comfort. The auditor change appears routine (completion of existing auditor's term) rather than a red flag.