Re-submission of the Financial results for the quarter ended December, 2024, under Regulation 33 of the SEBI(LODR) Regulation, 2015
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Awaiting price reaction for this filing.
The company is re-submitting its standalone financial results for the quarter ended December 31, 2024 to fix a typo in the PDF where the equity share face value was wrongly shown as Rs. 5 instead of Rs. 10. The actual numbers are unchanged, and the XBRL filing and newspaper notice had the correct Rs. 10 face value. For Q3 FY25, the company reported total income of only Rs. 36.84 thousand (entirely 'other income', no operating revenue) and a net loss of Rs. 112.78 thousand. For the nine-month period ended Dec 2024, total income was Rs. 344.46 thousand versus Rs. 126.76 thousand a year earlier, and the net loss stood at Rs. 1,820.53 thousand versus Rs. 2,020.68 thousand in the prior year period. EPS for Q3 was Rs. -0.036 and for 9M FY25 was Rs. -0.578. The statutory auditor issued an unqualified limited review opinion.
This is a cosmetic correction and does not change any reported numbers, so there is no direct impact on shareholder value. However, the underlying results remain weak - the company has no operating income, continues to post losses, and its business activity is negligible, which is a concern for investors.