Outcome of Board Meeting held on February 13, 2026
Awaiting price reaction for this filing.
The Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Standalone total income rose sharply to Rs 15,894 lakhs in 9M FY26 from Rs 8,536 lakhs a year ago, but the company swung to a standalone loss before tax of Rs 3,953 lakhs (vs profit of Rs 1,686 lakhs). On a consolidated basis, 9M loss before tax was Rs 5,610 lakhs. The auditor flagged a material uncertainty on going concern, noting the net worth has been fully eroded and the company has defaulted on statutory dues. The auditor issued a qualified conclusion on standalone results and disclaimed its opinion on consolidated results due to pending SEBI and Enforcement Directorate investigations, long-overdue related-party trade receivables of over Rs 26,000 lakhs (net), and non-availability of financials of one subsidiary.
This is a deeply negative filing for shareholders. The combination of fully eroded net worth, ongoing losses, open SEBI and ED investigations, large doubtful receivables from group companies, and a going-concern warning signals serious solvency and regulatory risk. Expect high stock-price volatility and heightened scrutiny from lenders and regulators.