Outcome of Board Meeting
Awaiting price reaction for this filing.
The board approved unaudited financial results for the quarter and nine months ended December 31, 2025, prepared under Ind AS. The company reported a loss of ₹0.64 lakh in Q3 FY26, slightly narrower than the ₹0.75 lakh loss in the previous quarter (Q2 FY26). For the nine-month period, the loss widened to ₹3.42 lakh versus ₹2.04 lakh in the same period last year — a roughly 68% increase in losses year-on-year. Revenue from operations is negligible, with total income of just ₹4.60 lakh over nine months, indicating very limited business activity. The statutory auditor (Vinod Kumar Jain & Co) issued an unqualified limited review report with no qualifications or emphasis of matter. The filing also notes the company's post-CIRP status — the resolution plan was approved by NCLT in February 2024 and is being implemented by the successful resolution applicant, Candid Resources Limited.
The stock remains a micro-cap, loss-making entity with minimal operating revenue, and the narrowing quarterly loss offers little comfort given the year-on-year widening of nine-month losses. The clean auditor report is a positive, but shareholders should note that meaningful business revival is still not visible in the numbers — this is essentially a shell-level post-insolvency entity awaiting operational scale-up.