Outcome of Board meeting for Quarter ended 30.09.2025
Awaiting price reaction for this filing.
Foundry Fuel Products Ltd reported nil revenue from operations for the second quarter and first half of FY26, continuing its pattern of no business activity. The company posted a loss before tax of Rs. 5.14 lakhs in Q2 FY26 (vs Rs. 4.37 lakhs loss in Q2 FY25) and Rs. 9.18 lakhs loss for H1 FY26. Total expenses of Rs. 5.14 lakhs in the quarter were entirely administrative in nature. The company's net worth has turned deeply negative at Rs. (133.46) lakhs, with other equity at Rs. (935.39) lakhs against equity capital of Rs. 801.94 lakhs. The auditor (Bohra & Co.) flagged a 'Material Uncertainty Related to Going Concern' and included an Emphasis of Matter paragraph, noting that the company is searching for a new business project, has no operations, current liabilities exceed current assets, and is dependent on its holding company to infuse funds as needed.
This is a deeply negative filing for shareholders — the company is essentially a non-operating shell with negative net worth, ongoing losses, and a flagged going concern uncertainty. Despite a holding company funding commitment keeping accounts on a going concern basis, the stock carries very high risk and is unlikely to see any fundamental rerating until a new business is identified.