Revised outcome of board meeting for quarter ended 31 march 2026
LASA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lasa Supergenerics reported catastrophic financial results for FY 2025-26, with full-year revenue crashing to Rs. 2,514 Lakhs from Rs. 14,245 Lakhs in the prior year (down 82%), driven by a fire incident on May 18, 2025 that destroyed its main manufacturing facility at Lote Parshuram. The company posted a net loss of Rs. 3,409 Lakhs versus a loss of Rs. 1,476 Lakhs previously, as operations have completely ceased with no insurance coverage. The auditors issued a QUALIFIED OPINION citing two key issues: (1) failure to fully assess impairment of tangible assets damaged by fire (provisional Rs. 7 crore recognized but full extent unknown due to labour unrest blocking access), and (2) failure to assess Rs. 1,667 Lakhs of intangible assets (patents, goodwill, unused software) for impairment. The company's other equity turned negative at Rs. (47.84) Lakhs. Additionally, GST demand orders of Rs. 3,811 Lakhs are pending adjudication, and bank accounts are dormant with unconfirmable balances.
This is an extremely high-risk investment. The company has lost its primary production capability, carries uninsured fire losses, faces a qualified audit opinion, has negative equity, and has GST liabilities of over Rs. 3,800 Lakhs pending. The auditors disagree with management's going concern assessment timing, and independent valuation of damaged and intangible assets has not been performed, leaving material misstatement risk.