In the held Board Meeting, Directors of the Company adopted the Unaudited Financial Results of the Company for the Quarter and Nine Months Ended December 31, 2025 along with the limited ....
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The board approved unaudited financial results for the quarter and nine months ended December 31, 2025. The auditor (P. Murali & Co.) issued a qualified conclusion, flagging that accumulated losses of Rs. 2,644.38 lakhs have completely eroded the company's net worth. Net profit for the quarter was a marginal Rs. 1.90 lakhs. Management continues to prepare accounts on a going-concern basis, citing a change in management and induction of new promoters with a strong background in the infrastructure sector, along with resumption of operations aligned with their expertise. The company's revenue from operations showed some activity in the quarter, though the scale of business remains small relative to the accumulated losses.
Significant red flag for shareholders — the auditor's qualified conclusion highlights that net worth has been fully wiped out by past losses, raising genuine going-concern uncertainty. The stock price could face pressure, and any recovery thesis hinges entirely on the new promoters' ability to turn the business around.