Outcome of Board Meeting held on August 12, 2025 which considered and approved (i) Unaudited Standalone financial results for the quarter ended June 30, 2025.
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The Board of Directors approved unaudited standalone financial results for the quarter ended June 30, 2025. The company reported zero revenue from operations and zero other income, resulting in a total income of nil. Total expenses stood at Rs. 5.39 lakhs, leading to a net loss of Rs. 5.39 lakhs for the quarter. This compares with a net loss of Rs. 22.88 lakhs on revenue of Rs. 11.75 lakhs in the corresponding quarter last year. The statutory auditors (Agrawal & Agrawal Associates) issued a clean limited review report with no qualifications or adverse observations.
The company continues to post losses, with Q1 FY26 showing a complete absence of operating revenue, which is a serious concern for shareholders. While the loss narrowed from Rs. 22.88 lakhs to Rs. 5.39 lakhs YoY (mostly due to lower expenses), nil revenue suggests the business may not be actively generating sales, raising concerns about operational continuity.