The meeting of the Board of Directors of the Company has been held today i.e. on Monday, 10th November, 2025 at the registered office of the company. The outcome of the Board meeting as ....
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The board approved unaudited financial results for the quarter and half-year ended 30 September 2025. The company has reported zero revenue from operations and only ₹1.02 lakh of other income in Q2 FY26, with total income for H1 FY26 at just ₹2.04 lakhs versus ₹50.97 lakhs in H1 FY25 — a sharp decline. It posted a loss before tax of ₹4.48 lakhs for Q2 and ₹38.54 lakhs for H1 FY26, against a profit of ₹41.52 lakhs in H1 FY25, with EPS of ₹-0.77 for the half-year. Net worth remains negative at ₹-65.52 lakhs, and cash from operations for H1 was negative ₹38.54 lakhs. The statutory auditor (Ratan Chandak & Co LLP) issued an Adverse Opinion, flagging four major concerns: (1) about 95% of the company's assets are advances to related parties under Enforcement Directorate investigation under PMLA, with assets attached; (2) around 64.8% of liabilities are unsecured loans from related parties; (3) default on bank borrowings of ₹687.03 lakhs since February 2020, with uncharged interest of about ₹637.86 lakhs not provided for; and (4) serious going concern doubts since the company has been non-operational for over four years.
This is a deeply negative disclosure for shareholders. The auditor's adverse opinion and the explicit going concern warning mean the company's survival as a going entity is in question. With a negative net worth, ED-attached assets, and continued losses, the stock carries significant downside and default risk for investors.