Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation 2015 we would like to inform you that the Board of Directors ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved audited financial results for Q4 and full year ended March 31, 2026. Standalone revenue declined to Rs. 563.16 lakhs from Rs. 591.60 lakhs (down ~5% YoY), though net loss improved significantly to Rs. 3.13 lakhs from Rs. 74.83 lakhs. Other income surged to Rs. 127.59 lakhs (vs Rs. 28.33 lakhs previously). Operating cash flow turned positive at Rs. 12.50 lakhs. However, the company has accumulated losses of Rs. 495.10 lakhs and negative net worth of Rs. 206.41 lakhs. Mr. P V Mohan resigned as Whole Time Director effective May 31, 2026 after completing two terms. Auditors issued unmodified opinions but explicitly flagged going concern due to negative net worth.
Shareholders face high risk as the company has negative net worth and auditors raised going concern doubts. While losses narrowed substantially, the company's solvency remains questionable. The resignation of the Whole Time Director adds to leadership uncertainty.