Approval of Un-audited Financial results (Standalone and consolidated) for the Quarter ended 30th June 2025
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Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). On a standalone basis, revenue from operations fell sharply to Rs. 70 lakhs from Rs. 100 lakhs in the year-ago quarter, while the company reported a narrower loss before tax of Rs. 15.21 lakhs (vs Rs. 26.66 lakhs). On a consolidated basis, revenue dropped to Rs. 88.99 lakhs (vs Rs. 145.92 lakhs) and the loss widened to Rs. 61.20 lakhs (vs Rs. 66.12 lakhs). The auditor flagged an emphasis of matter regarding a 2024 Enforcement Directorate provisional attachment order under PMLA against the company's properties and shares, and noted that one subsidiary (Aertha Luxury Homes) has accumulated losses eroding its net worth, raising a going concern uncertainty. Additionally, 1.36 crore warrants lapsed due to non-conversion, and a proposal to convert 39.45 lakh preference shares into 2.36 crore CCPS is awaiting regulatory approval.
Negative — revenue declined ~30% year-on-year, losses continue, standalone reserves remain deeply negative (Rs. 2,709.85 lakhs), and the ED attachment under PMLA poses a regulatory overhang whose financial impact is still unknown. Shareholders should view this as a high-risk, small-cap real estate name.