Q3 FY26 results: losses widen, CFO change and board changes
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Board approved standalone and consolidated unaudited results for Q3 and nine months ended Dec 31, 2025. Standalone Q3 revenue from operations was nil; total income fell to Rs 32.05 lakh from Rs 313.96 lakh in Q2, with a standalone loss after tax of Rs 88.06 lakh versus profit of Rs 163.20 lakh in Q2. Consolidated nine months revenue from operations dropped to Rs 521.36 lakh from Rs 1,005.33 lakh a year ago, with a consolidated loss of Rs 722.09 lakh. Interim CFO Pandoo Naig resigned Jan 20; Satish Kumar appointed CFO. Two independent directors reappointed for five years. Auditor flagged emphasis of matter on subsidiaries with negative net worth and a pending SEBI order for Rs 50 lakh against the company and directors.
Losses have widened in Q3 and revenue is sharply down year-on-year; pending SEBI penalty and weak subsidiary performance remain key risks.