Outcome of BM
Awaiting price reaction for this filing.
The board meeting held on 28th May 2026 approved the audited standalone financial results for the quarter and year ended 31st March 2026. The company reported total income of Rs 18.33 Lacs for FY 2025-26 but posted a net loss of Rs 45.40 Lacs, significantly worse than the previous year's loss of Rs 14.44 Lacs. The statutory auditors gave an unmodified (clean) opinion on the financial statements. The board did not recommend any dividend for shareholders. The 42nd Annual General Meeting is scheduled for 24th September 2026, with book closure from 18th to 24th September 2026. The company's total assets declined from Rs 179.01 Lacs to Rs 164.68 Lacs year-over-year.
The company continues to incur losses with negative other equity of Rs 188.51 Lacs, indicating accumulated deficits. The clean audit opinion provides some comfort, but shareholders face ongoing losses with no dividend expected. The stock is likely to remain under pressure given the deteriorating financial position.