The Board of Directors at their meeting held today to approve the unaudited financial results for the quarter & half year ended September, 2025
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Manglam Global Corporations Ltd (formerly Kshitij Investments Ltd) reported its first full half-year of trading operations, with total revenue from operations of ₹48.42 lakh for H1 FY26 (Apr–Sep 2025), compared to nil in the same period last year, since the company had just transitioned from an investment entity. Despite the strong top-line, the company posted a net loss of ₹15.10 lakh for the half year (Q2 FY26 alone was a loss of ₹17.29 lakh). The balance sheet shows total assets of ₹7.54 crore, but other equity is negative at ₹-44.81 lakh and a new secured cash credit loan of ₹4.81 crore has been taken from SBI, pushing the debt-to-equity position into stressed territory. Operating cash flow was deeply negative at ₹-7.21 crore, funded largely by the new SBI credit line, while trade receivables and short-term loans/advances ballooned to ₹3.20 crore and ₹4.13 crore respectively. The statutory auditors (DMKH & Co) issued an unqualified limited review report.
Shareholders should note the company is in early operational stage with mounting losses, negative reserves, and heavy reliance on borrowed funds to finance working capital — short-term stock sentiment is likely negative given the loss and stretched balance sheet, though the revenue ramp-up signals the business is finding traction.