considered and approved the Unaudited Financial Results set out in compliance with Indian Accounting Standards (Ind -AS) for the Quarter ended June 30, 2025, duly approved by the Board ....
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The Board approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025) along with the limited review report. Revenue from operations dropped sharply to Rs. 32.26 lakhs, down from Rs. 53.02 lakhs in the same quarter last year (a fall of about 39% year-on-year). Net profit for the quarter was Rs. 7.79 lakhs (EPS of Rs. 0.07), almost flat compared to Rs. 7.71 lakhs in Q1 FY25. The company recently incorporated a new subsidiary, NAS Global Industries Private Limited, on June 9, 2025, which has not yet started operations, so results are reported on a standalone basis. The statutory auditor (DGMS & Co.) included an Emphasis of Matter flagging that Rs. 111.60 lakhs in cash-in-hand has no supporting documentary evidence such as physical verification reports or bank withdrawal slips, raising doubts about its existence and accuracy.
Shareholders should note the steep drop in revenue alongside a flat profit, suggesting margin dependence on lower-cost stock changes. The auditor's emphasis on unverified cash balances is a governance red flag that may concern investors despite the otherwise clean review conclusion.