Outcome of the Board Meeting held on 04th November, 2025
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MPF Systems Limited's Board, at its meeting on 4 November 2025, approved the unaudited financial results for Q2 and H1 FY26 (quarter and half year ended 30 September 2025). The company reported negligible revenue from operations across both Q2 and Q1, with total expenses of ₹11.16 lakh in Q2 and ₹40.77 lakh in H1, largely driven by employee costs and legal/professional fees. Net loss for the quarter stood at ₹11.36 lakh and ₹24.07 lakh for the half year, roughly flat versus the ₹24.07 lakh loss reported in H1 FY25. The statutory auditors (S K Bhavsar & Co.) issued a clean limited review report with no qualifications. The balance sheet shows other equity at ₹(324.06) lakh, pushing total equity into negative territory at ₹(52.13) lakh, signalling that accumulated losses have fully eroded shareholders' funds.
With virtually no revenue, continuing losses and negative net worth, the company appears to be in serious financial distress, raising going-concern red flags for retail investors. The narrowing of losses versus FY25 is marginal comfort, but operational revival is not visible from these numbers — shareholders should treat this as a high-risk, micro-cap situation.