OUTCOME OF BOARD MEETING HELD ON 13.11.2025
Awaiting price reaction for this filing.
The board approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 (ended September 30, 2025), reviewed by statutory auditors Khandelwal & Mehta LLP. Standalone revenue from operations was a very small Rs 5.37 lakhs in Q2 FY26 (up from Rs 2.85 lakhs YoY but from a negligible base), with a net loss of Rs 181.83 lakhs in the quarter and Rs 354.86 lakhs for the half year. Consolidated H1 FY26 loss was Rs 350.29 lakhs. The balance sheet shows deeply negative other equity of Rs 7,441.86 lakhs (standalone), against share capital of only Rs 1,172.42 lakhs, meaning accumulated losses are more than 6 times the share capital. Total borrowings stand at Rs 6,795.50 lakhs (standalone), while cash and equivalents are Rs 820.84 lakhs and finance costs alone in H1 were Rs 296.34 lakhs — far exceeding operating revenue.
The results are weak and likely negative for the stock: the company continues to post losses, carries a qualified audit opinion, has a severely eroded net worth (negative reserves), and is burdened with high debt and finance costs relative to its tiny revenue base. Retail investors should treat this as a high-risk, deeply stressed micro-cap.