Outcome of Board Meeting dated 14.11.2025
Awaiting price reaction for this filing.
Sagar Diamonds' Board approved unaudited H1 FY26 results (ended Sept 30, 2025). Revenue from operations fell sharply to Rs. 25.29 lakh from Rs. 46.69 lakh in H1 FY25, a roughly 46% year-on-year decline. The company swung from a profit of Rs. 9.46 lakh to a loss of Rs. 182.91 lakh, with EPS turning negative at Rs. (1.45) versus Rs. 0.04 earlier, driven by a spike in total expenses to Rs. 208.20 lakh. Most critically, Note 1 reveals that the company's operations have been halted due to restrictions imposed by regulators, and the financials have been prepared on a net realisable value basis until the company receives consent to restart. Cash and bank balances remain healthy at Rs. 1,902.63 lakh, but operating cash flow turned negative at Rs. (6.63) lakh during the half year. The auditor (Beriwal & Associates) issued an unmodified review report.
This is a major red flag for shareholders - a regulatory halt on operations raises serious going-concern doubts and could keep the stock under pressure. The sharp revenue decline, swing to losses, and negative operating cash flow point to deep operational distress, though the strong cash balance of nearly Rs. 19 crore provides some near-term cushion.