as per the pdf attached
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Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025). Revenue from operations jumped from nil in H1 FY25 to Rs. 521.30 lacs in H1 FY26, but the company reported a widened net loss of Rs. (27.12) lacs versus Rs. (7.60) lacs in the prior year period. The Board also approved a proposed Rights Issue of equity shares of up to Rs. 50 Crores and constituted a Rights Issue Committee. Additionally, the Board noted a proposal to invest in Rudraveerya Developers Limited under an existing collaboration MoU for an Industrial/Residential Township project in Tehsil Badli, Jhajjar, Haryana, with a total capital commitment of Rs. 220 Crores. Operating cash flow was deeply negative at Rs. (2,598.71) lacs, largely funded by Rs. 25.09 Crores received from share warrant conversions in July-August 2025. The auditor issued an Emphasis of Matter highlighting that Rs. 23.30 Crores of the warrant proceeds have already been deployed as project advances to Rudraveerya Developers.
Shareholders should note likely dilution from the Rs. 50 Crore Rights Issue and the company's pivot toward real estate development with a Rs. 220 Crore capital commitment. The widened losses, negative operating cash flow, and dependence on fresh capital raise flag execution and funding risks for retail investors to watch closely.