Outcome of board meeting held on 13th november 2025
Awaiting price reaction for this filing.
The Board approved unaudited results for Q2 and H1 FY26. Revenue from operations for both the quarter and half year was nil, compared to ₹5.90 lakhs in Q2 FY25 and ₹8.66 lakhs in H1 FY25. Total expenses for the half year stood at ₹42.61 lakhs, leading to a loss before tax of ₹42.61 lakhs (vs ₹3.93 lakhs loss in H1 FY25). Net loss for H1 FY26 was ₹42.61 lakhs with EPS of ₹(1.20). The company's other equity is deeply negative at ₹(536.39) lakhs against share capital of ₹355 lakhs, meaning net worth is wiped out at ₹(181.39) lakhs. Auditor flagged a material uncertainty on going concern due to accumulated losses eroding net worth. Operating cash flow turned negative at ₹(7.96) lakhs vs ₹122.60 lakhs positive a year ago. Cash balance fell to just ₹3.02 lakhs.
This is a deeply concerning filing for shareholders. With zero revenue, mounting losses, wiped-out net worth, and an explicit going-concern warning from auditors, the company's survival depends on undisclosed new funding or successful monetisation of capital work-in-progress. Equity holders face high risk of dilution or total loss; expect significant share price pressure and possible BSE action on continued listing eligibility.