as per the pdf attached
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mega Nirman reported its first meaningful operational revenue, with Q2 FY26 revenue from operations at ₹456.12 lakh and half-year revenue at ₹521.30 lakh, compared to nil in H1 FY25. However, the company slipped deeper into loss, posting a net loss of ₹27.12 lakh for H1 FY26 versus a ₹7.60 lakh loss a year ago. The Board also approved a Rights Issue of equity shares worth up to ₹50 crore and noted a proposal to invest in Rudraveerya Developers for an Industrial/Residential Township project in Jhajjar, Haryana (total commitment ₹220 crore). The auditor flagged an Emphasis of Matter on ₹25.09 crore received from share warrant conversions, of which ₹23.30 crore has been deployed as project advances to Rudraveerya Developers. Equity share capital jumped from ₹334.75 lakh to ₹2,564.75 lakh following warrant conversions, and operating cash flow was deeply negative at ₹(2,598.71) lakh for the half-year.
Mixed picture for shareholders – revenue has kicked in but losses are widening, and the company is committing to a ₹220 crore real estate project funded largely by fresh equity, which could significantly dilute existing holders. The pending Rights Issue of up to ₹50 crore and the auditor's Emphasis of Matter on the use of warrant proceeds warrant close attention before the next board meeting.