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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Modipon Limited reported a net loss of Rs. 9.04 lakhs for Q1 FY26, narrower than the Rs. 22.49 lakhs loss in Q1 FY25. The company has no revenue from operations; its only income is 'other income' of Rs. 4.76 lakhs, as manufacturing operations were permanently shut down in May 2007. The company continues to carry negative reserves of Rs. 10,332 lakhs and total borrowings of around Rs. 10,535 lakhs (non-current plus current). The auditor (B.M. Chatrath & Co LLP) issued a qualified review report highlighting multiple issues, including non-provision of interest on overdue supplier dues (Rs. 1,000.54 lakhs), unresolved Punjab National Bank OTS disputes dating back to 2014, related-party transactions with Ashoka Mercantile Limited, and unprovided Central Excise and commercial tax liabilities. The next court hearing on the PNB matter is scheduled for August 20, 2025.
Shareholders should note this is effectively a non-operating, loss-making shell-like company with deeply negative net worth, heavy legacy debt, and numerous unresolved legal and tax disputes. While the quarterly loss narrowed, the going-concern risk remains significant, and any positive movement is likely tied to litigation outcomes rather than business fundamentals.