Outcome of Board meeting held on 14th November 2025
Awaiting price reaction for this filing.
The board approved the unaudited financial results for Q2 and H1 FY26 (quarter ended September 30, 2025). The company reported zero revenue from operations and a loss before tax of ₹10.89 lakhs in Q2 FY26, widening to ₹17.08 lakhs for the half-year (vs. ₹14.02 lakhs loss in H1 FY25). Total expenses stood at ₹10.89 lakhs with no income, and EPS was ₹(0.18). The company has a deeply negative net worth of ₹(81.69) lakhs as accumulated losses of ₹686.12 lakhs have wiped out the ₹604.43 lakh share capital. The board also proposed changing the company name to 'Goodies International Ltd', accepted the resignation of Mr. Sivadas Chettoor, and appointed Mr. Swaroj Kumar Choudhury as an Additional Independent Director for 5 years. Operating cash flow was negative at ₹(0.65) lakhs for the half-year.
The company is essentially non-operational with zero revenue, mounting losses, and a fully eroded negative net worth. Management has flagged going concern uncertainty, dependent on fresh promoter funding or new business — a serious red flag for shareholders. The proposed name change and new director appointment hint at a possible business pivot, but investors should treat this stock with extreme caution.