Outcome of Board Meeting 1. Financial Results as on 31st December 2025 2. Resignaiton of Statutory Auditor 3. Appointment of Statutory Auditor 4. Date of Annual General Meeting ....
Awaiting price reaction for this filing.
Techindia Nirman Ltd reported zero revenue from operations for Q3 FY26 (Oct-Dec 2025) and the first nine months of FY26, continuing as an operationally dormant company with a net loss of Rs. 19.69 lakhs for the nine months (vs a Rs. 52.34 lakh loss in the same period last year). The board had earlier been suspended and was reinstated by NCLAT on 15 December 2025 following insolvency proceedings. The statutory auditor, Gautam N Associates, resigned effective 11 February 2026 citing personal health reasons (liver transplant and heart surgery), and a new auditor has been appointed in their place. The auditor issued a qualified review opinion flagging that Rs. 2,920.39 lakhs of interest on group-company loans has not been provided for, several balances are unconfirmed/unreconciled, and recovery of Rs. 5,334.62 lakhs in real-estate advances is doubtful. The board also noted that its composition is currently not in line with SEBI LODR rules due to resistance from non-promoter shareholders, and the company has just 2 employees.
Shareholders should treat this as a high-risk, near-dormant stock: zero revenue, accumulated losses eroding reserves (Reserve & Surplus of Rs. (340.56) lakhs), and large unprovided liabilities (interest ~Rs. 2,920 lakhs on group loans) that could materially hit the balance sheet. The mid-term auditor change and NCLAT-reinstated, non-compliant board add governance and transition risk.