Please refer the attached document
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Awaiting price reaction for this filing.
V.R. Woodart Limited reported unaudited results for Q1 FY26 (quarter ended June 30, 2025) with zero revenue from operations and only ₹0.69 lacs of other income, against total expenses of ₹37.56 lacs, resulting in a net loss of ₹37.56 lacs (EPS of -₹0.25). This is a sharp deterioration from the same quarter last year (Q1 FY25), when total income was ₹12.43 lacs and loss was ₹13.12 lacs. The company's net worth (other equity) stands at a negative ₹1,701.67 lacs, meaning it is completely eroded. The auditor has flagged an Emphasis of Matter noting that the accounts are prepared on a going concern basis despite the net worth being fully eroded and operations being limited. The board also accepted the resignation of Mr. Anwar Shaikh as CFO (he continues as Whole Time Director) and appointed Mr. Sudesh Pingale as the new CFO.
This is a deeply negative filing for shareholders — the company has no operating revenue, an entirely eroded net worth, widening losses, and an auditor's emphasis-of-matter on going concern. The only hope being offered is a preferential issue (₹22/share) and convertible warrants to incoming promoters, proceeds of which are meant to clear liabilities and restart operations, but until that materialises the stock remains a high-risk, near-defunct name.