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 held on today i.e. Friday, ....
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Neelkanth Rockminerals reported zero revenue from operations for the second quarter and first half of FY26, with total income limited to just Rs 0.29 lakhs of other income. The company posted a loss of Rs 3.10 lakhs in Q2 and Rs 6.08 lakhs in H1 FY26, compared to a profit of Rs 37.01 lakhs for the full previous year (FY25). Total expenses during the half year stood at Rs 6.37 lakhs, mainly employee costs and other expenses. Cash and cash equivalents fell sharply from Rs 42.40 lakhs (March 2025) to Rs 3.06 lakhs by September 2025, as funds were moved into deposits. The auditor (Shambhu Gupta & Co.) issued an unmodified limited review report with no qualifications or concerns flagged.
The company is showing signs of operational dormancy with no core business revenue and continued losses, which is a negative signal for shareholders. However, the absence of core debt and the clean auditor review provide some comfort, though the stock remains a speculative micro-cap.