Announced Fri, 14 Aug, 2026 · 16:39 IST
Q1 FY27 results: Rs 2,840 lakh loss, Frost International investment written off
Price
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Price reaction
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AI summary
Board approved Q1 FY27 (ended 30 June 2026) unaudited results showing a net loss of Rs 2,839.77 lakh versus Rs 7.94 lakh loss in Q1 FY26. No operating revenue recorded. The large loss is mainly due to a one-time write-off of Rs 2,301.27 lakh of investment and advance given to Frost International Limited, following NCLT approval of its resolution plan. Also re-appointed Nipun Verma as Whole-time Director for 3 years from 1 November 2026.
Likely market impact
Massive loss driven by exceptional write-off raises concern; nil operating revenue highlights business challenges.