Audited March 2024 consolidated results carry a disclaimer of opinion

Going ConcernPat NegativeRelated Party TransactionsResults View source PDF Explain this filing

MEP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.9%Reaction day

₹1.58

prior close

₹1.61

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+2.1% vs market

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+1.9-0.2+2.1

Next day

+3.8+0.1+3.7

+5.7-0.6+6.3

+7.6-0.9+8.5

+9.5-1.3+10.8

+11.4-2.3+13.7

+15.2-5.2+20.4

15d

+31.6-2.9+34.5

+46.8-2.6+49.4

+52.5-2.9+55.5

+36.7-8.9+45.6

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Audited 2023-24 results were filed in September 2025 after insolvency proceedings began. The auditor disclaimed opinion due to limited evidence and business continuity doubts. Net worth was fully eroded at 18 subsidiaries, six joint ventures and one associate. Holding-company borrowings of 20,288.35 lakh, plus 5,389.68 lakh interest, were in default. Contingent liabilities included 6,07,931.09 lakh of claims and 2,59,113.77 lakh of corporate guarantees.

Likely market impact

Severe distress, a disclaimer of opinion and insolvency proceedings point to high loss risk, further write-downs and risk to shareholder value.