Outcome of board meeting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Modipon Limited reported its audited financial results for Q4 and FY 2025-26. The company posted a net loss of Rs 15.94 Lakhs for Q4 FY26 and a net loss of Rs 51.05 Lakhs for the full year, improving from a loss of Rs 66.16 Lakhs in FY25 (approximately 23% reduction in losses). Revenue from operations remained zero as the company permanently discontinued its manufacturing operations in May 2007. The company's balance sheet shows severe distress with negative other equity of Rs 10,383.23 Lakhs resulting in negative net worth of Rs 9,225.56 Lakhs. Auditors B.M. Chatrath & Co. LLP issued a Qualified Opinion citing multiple issues including unpaid supplier interest of Rs 1,000.54 Lakhs, unascertained interest provisions, land sold without bank approval, and unresolved related party transactions with Ashoka Mercantile Limited. The company also faces ongoing legal proceedings with Punjab National Bank and contingent tax liabilities.
This is a highly distressed company with negative net worth, qualified audit opinion, and multiple unresolved legal and tax issues. The stock carries extreme risk and investors should be cautious of any claims on assets given the negative equity position.