Outcome has been attached herewith.
Awaiting price reaction for this filing.
Alka India Limited's board approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), reporting zero revenue and a net loss of Rs. 41.69 lakhs on a standalone basis. The statutory auditor issued a Disclaimer of Opinion on both results, citing inability to obtain sufficient evidence regarding internal financial controls over financial reporting. The board also approved the appointment of M/s PSG and Associates as Internal Auditor for a five-year term, Mr. Sagar Kumar Mertiya as Additional Independent Director and Chairman of the reconstituted Audit Committee, and M/s J M Patel & Bros as Tax Auditor for FY 2025-26. Standalone net worth stands at negative Rs. 55.25 lakhs, while consolidated net worth is Rs. 771.88 lakhs. The filings reflect the company's post-CIRP status following the NCLT-approved resolution plan in February 2025, which restructured the share capital to Rs. 50 lakhs across 50 lakh shares.
Shareholders should note the company continues to report zero revenue and losses post-resolution, with negative standalone net worth and a disclaimer of opinion from auditors signaling governance and internal control concerns. The dramatic reduction in paid-up share capital (from Rs. 6,343.98 lakhs to Rs. 50 lakhs) significantly changes the equity structure and per-share metrics, while new management and committee reconstitution indicate an ongoing corporate restructuring phase that may affect near-term stock price volatility.