Outcome of Board meeting along with financial results are submitted.
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q2 and H1 FY26 ended 30th September 2025. Revenue from operations is nil — the company's factory was shut down by a Government order in January 2020, and only other income (mainly interest) remains. Q2 FY26 posted a small loss of Rs. 3 lakh versus a profit of Rs. 29.66 lakh in Q2 FY25. H1 FY26 profit fell to Rs. 24.93 lakh from Rs. 55.71 lakh a year ago. The balance sheet shows deeply negative equity of Rs. (8,202) lakh with retained earnings of Rs. (11,755) lakh, while borrowings stand at Rs. 12,364 lakh. Operating cash flow for H1 FY26 was negative at Rs. (144) lakh. The auditors issued an unmodified (clean) limited review report. The Board also noted that BSE levied a Rs. 4.55 lakh fine for prior non-compliance, for which a waiver has been sought, and confirmed the company is in the process of delisting.
This is effectively a wind-down company with no operating business, negative net worth, and an ongoing delisting process. Shareholders should view this as a non-operating, asset-disposal story rather than a going business — the stock's investment case rests entirely on the delisting buyout terms.