Financial Results for the quarter and year ended March 31, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Modipon Limited reported zero revenue from operations for FY 2026 (same as FY 2025) as the company permanently discontinued manufacturing operations in May 2007. The company posted an annual loss of ₹51.05 Lakh (improved from ₹66.16 Lakh loss in prior year). Total assets stood at ₹764.66 Lakh, but total equity is deeply negative at ₹-9,225.56 Lakh. Auditors issued a Qualified Opinion citing multiple material issues: failure to provide interest of ₹1,000.54 Lakh to a supplier, unresolved bank disputes with PNB (NCLT/DRT proceedings ongoing), related party transactions with Ashoka Mercantile Limited (AML) totaling ₹725.16 Lakh lying unallocated, land sold for ₹1,021.15 Lakh without bank approval, and unprovided excise duty liability of ₹44.93 Lakh. Preference shares due for redemption since March 1996 remain unpaid.
The stock is effectively a speculative play with severe financial distress — negative equity, ongoing insolvency proceedings, zero operating revenue, and a qualified audit opinion raise substantial going concern risks. Shareholders face extreme downside with no near-term recovery visible.