Outcome of Board Meeting
Awaiting price reaction for this filing.
The board approved unaudited standalone financial results for the quarter and half-year ended September 30, 2025. Revenue from operations nearly disappeared, falling to just Rs. 0.78 million in H1 FY26 from Rs. 32.20 million in H1 FY25, a drop of roughly 97.6%. The company reported a net loss of Rs. 8.69 million for H1 FY26, narrower than the Rs. 17.46 million loss in H1 FY25 but still firmly in the red. Shareholder equity has been sharply eroded to Rs. 6.45 million (from Rs. 15.14 million at end-FY25) on the back of accumulated losses. The statutory auditor (Ajay Shobha & Co.) issued an unmodified (clean) limited review opinion with no qualifications. The insider trading window reopens on November 17, 2025.
This is a deeply negative disclosure — revenue has effectively collapsed while the company continues to post losses and burn through equity. Despite the clean auditor opinion, the near-zero top line and dwindling equity base are serious red flags for shareholders and could put sustained pressure on the stock price.