Q2 FY26-27 results: Losses continue, 73.52% promoter stake sale underway
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Board approved Q2/H1 FY26-27 unaudited results. Revenue from operations nil. Other income Rs 0.42 lakh (Q2) vs Rs 0.75 lakh PY. Loss after tax widened to Rs 6.09 lakh in Q2 (vs Rs 4.24 lakh) and Rs 8.68 lakh in H1 (vs Rs 7.88 lakh). Operating cash flow negative at Rs 13.26 lakh. Cash fell to Rs 2.99 lakh from Rs 209.83 lakh after Rs 174 lakh dividend payout. Existing promoters selling entire 73.52% stake to new acquirer; open offer and SEBI approval pending.
Continued losses, nil operating revenue, and ongoing change of control are key risks for shareholders. Ownership transition pending SEBI and open offer approvals.