This is to inform that the Board of Directors of Nouveau Global Ventures Limited ('the Company') at its Meeting held today i.e. Tuesday, 26th May, 2026, inter alia, considered, approved ....
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Nouveau Global Ventures Ltd reported a significant deterioration in financial performance for FY2026. Total income dropped to Rs 65.82 Lakhs from Rs 149.42 Lakhs in the previous year, representing a 56% decline. The company reported a net loss of Rs 40.01 Lakhs compared to a profit of Rs 57.18 Lakhs in FY25. EPS turned negative at -0.02 per share. The auditors issued an unmodified opinion confirming true and fair view of the financial statements. The company did not recognize deferred tax assets on carried forward losses due to uncertainty of future taxable profits. Cash flow from operations was negative at Rs 124.85 Lakhs during the year.
The stock shows severe financial stress with revenue decline and operational losses. Shareholders face risk as the company posted losses while debt increased and equity turned negative. The auditors gave clean audit opinion, but the company's ability to continue as a going concern remains a concern given negative cash flows and accumulated losses.