Outcome of Board Meeting held on 14.11.2025
Awaiting price reaction for this filing.
The board approved unaudited standalone financial results for the quarter and half year ended September 30, 2025. Revenue from operations was just Rs. 2.26 lakhs in Q2 FY26 (vs Rs. 0 in Q2 FY25) and Rs. 4.37 lakhs for H1 FY26. The company reported a net loss of Rs. 22.21 lakhs in Q2 FY26 and Rs. 41.06 lakhs in H1 FY26, slightly narrower than the Rs. 46.28 lakhs loss in H1 FY25. Total expenses of Rs. 24.47 lakhs in Q2 (mainly employee costs of Rs. 11.86 lakhs and other expenses of Rs. 9.55 lakhs) far exceeded revenue. The balance sheet shows negative other equity of Rs. (801.17) lakhs, total borrowings of Rs. 204.50 lakhs (up from Rs. 152.38 lakhs), and zero cash. Net cash used in operating activities was Rs. (50.13) lakhs for H1. The auditor issued an unqualified limited review report.
Very weak fundamentals with near-zero revenue, persistent losses, negative reserves, and negative operating cash flow signal serious financial stress; shareholders should view this stock as high-risk, though it has been rehabilitated from insolvency and shows a small uptick in revenue.