Outcome of board meeting
Awaiting price reaction for this filing.
TMT (India) Limited's board approved its unaudited financial results for Q2 FY26 and the half year ended September 30, 2025. The company reported essentially zero revenue from operations (Rs. 0.00 lakhs), continuing a pattern of no business activity. It posted a net loss of Rs. 0.04 lakhs for the quarter and Rs. 14.78 lakhs for the half year, compared to a full-year FY25 loss of Rs. 45.98 lakhs. Accumulated losses in other equity stand at a deeply negative Rs. 1,136.61 lakhs against a share capital of only Rs. 495.38 lakhs. The balance sheet shows non-current borrowings of Rs. 695.08 lakhs against just Rs. 1.14 lakhs in cash. Operating cash flow was negative at Rs. -16.72 lakhs. The company disclosed that 50,000 equity shares it held in Sree Rayalaseema Alkalies & Allied Chemicals Ltd were illegally transferred by a third party and the matter is being pursued legally. The statutory auditor issued an unmodified limited review report.
Shareholders should note serious financial weakness: the company has no revenue, deeply eroded reserves, heavy debt, and near-zero cash, raising significant going-concern concerns. The illegally transferred investment and ongoing legal recovery add further uncertainty for investors.