Respected Sir/ Madam, With reference to the captioned subject and pursuant to the regulation 33 of SEBI (LODR) Regulation, 2015, the Board of Directors of the Company at its meeting ....
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Neelkanth Rockminerals reported nil revenue from operations for Q2 FY26 and H1 FY26, with total income of just Rs 0.29 lakhs coming entirely from other income. The company posted a net loss of Rs 3.10 lakhs for the quarter and Rs 6.08 lakhs for the half year, though losses have narrowed compared to the Rs 9.79 lakh loss in H1 FY25. Total expenses stood at Rs 6.37 lakhs in H1 FY26, mainly employee costs (Rs 1.41 lakhs) and other expenses (Rs 4.96 lakhs). The auditor (Shambhu Gupta & Co.) issued an unqualified limited review report with no qualifications or emphasis of matter. Cash flow from operations was positive at Rs 355.20 lakhs, but this was driven entirely by the recovery of Rs 362.37 lakhs in loans and advances rather than core business activity.
The company continues to generate zero operating revenue and is sustained by recovery of old loans, raising concerns about its long-term viability and going concern status. Shareholders should note the lack of any business activity and persistent losses, which are likely to keep the stock under pressure until operations resume.