Outcome of board meeting for the quarter ended 31st march 2026
LASA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lasa Supergenerics Ltd reported a net loss of Rs. 416.44 lakhs for Q4 FY2026 and Rs. 3,409.03 lakhs for the full year ended March 31, 2026. Revenue from operations turned negative at Rs. (13.15) lakhs, indicating likely returns or adjustments. The company's financial position has severely deteriorated with total assets declining to Rs. 6,627.18 lakhs from Rs. 10,153.20 lakhs last year, and shareholder equity now negative at Rs. (47.84) lakhs. A major fire incident on May 18, 2025 at the Lote Parshuram factory completely halted all production operations, and affected assets were uninsured. The statutory auditors issued a qualified opinion due to incomplete assessment of fire damage and failure to conduct impairment testing on intangible assets worth Rs. 1,667.05 lakhs. The company is facing GST demand notices of Rs. 3,810.93 lakhs being contested as contingent liabilities.
This is a highly distressed filing with severely negative equity and a qualified audit opinion. The uninsured fire has crippled operations, and shareholders face extreme risk given the going concern uncertainty and inability to restart manufacturing. The stock is likely to see significant negative sentiment.