Outcome of BM with following Agenda items:- 1. Considered and approved the Un-Audited Financial Results for the September quarter and half yearly ended on 30th September 2025 along with ....
Awaiting price reaction for this filing.
LS Industries' board approved its unaudited financial results for Q2 and H1 FY26 ended September 30, 2025. The company posted a loss of Rs. 20.46 lakhs in Q2 FY26 and Rs. 43.08 lakhs in H1 FY26, while revenue from operations collapsed to just Rs. 0.94 lakhs in Q2 FY26 from Rs. 117.97 lakhs a year ago, signalling a near-complete shutdown of its textile business. The auditor (M/s Bhakoo & Co) issued an unmodified limited review report. The board also noted the demise of director Mr. Rakesh Sethi (Nov 3, 2025), accepted the resignation of independent director Mr. Bartlomiej Szczudlowski (effective Oct 24, 2025), approved changing the company name to 'Robochef AI Tech Limited' to reflect a new branding/growth strategy, and approved a Rs. 7.5 lakh investment in Robochef Agritech Pvt Ltd to make it a subsidiary.
Existing shareholders should note the deeply negative other equity (Rs. -4,475 lakhs), continued losses, and the dramatic collapse in core operating revenue, which together raise serious going-concern concerns despite the clean auditor report. The name change and pivot toward an AI/agritech identity suggest a strategic reset, but with negligible new investment (Rs. 7.5 lakhs), near-term business continuity and stock price sentiment remain weak.