Outcome of Board Meeting held on 30th May 2026
Awaiting price reaction for this filing.
Lynx Machinery reported zero revenue from operations for FY2026, with total income of just Rs 0.79 lakhs from other sources. The company posted a net loss of Rs 155.37 lakhs for the year, worsening from Rs 126.86 lakhs loss in FY2025. Finance costs of Rs 112.45 lakhs were the largest expense item. The auditor issued a qualified opinion, flagging that trade receivables of Rs 21.35 lakhs from a court-disputed debtor should have been provisioned as doubtful. The company's net worth is deeply negative at Rs -183.44 lakhs, and operating cash flows remain sharply negative at Rs -536,134. The company claims exemption from SEBI disclosure norms due to small size (paid-up capital and net worth below thresholds).
The company is essentially non-operational with zero operating revenue and mounting losses. The qualified audit opinion and negative net worth raise serious going concern doubts. Shareholders face extreme risk as the stock appears to be a penny stock with minimal business activity.