This is to inform you that pursuant to Regulation 30 and Regulation 33 of the Listing Regulations, the Board of Directors, at its meeting held today i.e. on Monday 10th November, 2025, ....
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The Board of Nirav Commercials approved unaudited financial results for the quarter and half year ended September 30, 2025, with a Limited Review Report from statutory auditor Suryaprakash Maurya & Co. Half-yearly net sales rose to ₹5.08 crores from ₹4.68 crores in H1 FY25, an 8.5% year-on-year increase. However, the company slipped into a small net loss of ₹0.01 crores for the half year (versus a ₹0.02 crores profit a year ago) as expenses outpaced revenue growth. EPS for H1 stood at ₹(0.28). Cash flow from operations was negative at ₹(0.12) crores, and closing cash balance remained negative at ₹(0.09) crores. The auditor issued a qualified opinion, flagging that gratuity and leave encashment provisions were not made on the basis of an actuarial valuation as required under Ind AS 19.
Mixed signals for shareholders - top-line growth is positive but profitability turned negative and operating cash burn continues, raising concerns about near-term earnings quality. The auditor's qualified opinion on employee benefit provisioning is a governance red flag that may warrant closer scrutiny by investors.