Outcome of Board Meeting held on February 19, 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, along with the auditor's limited review report. On a standalone basis, the company posted a massive Q3 FY26 loss of ₹1,167 lakhs, driven primarily by an exceptional item of ₹1,564 lakhs that hit pre-tax profits; revenue from operations effectively collapsed to near zero in the quarter (vs ₹99.26 lakhs a year ago). On a more normalized 9-month basis, the standalone loss narrowed to ₹(39.14) lakhs from ₹(83.41) lakhs in the comparable prior period. Consolidated numbers tell a similar story: Q3 FY26 loss of ₹1,165.47 lakhs and 9-month loss of ₹(40.31) lakhs. Statutory auditor Harish Arora & Associates issued an unmodified/unqualified opinion on both sets of results.
The headline Q3 loss is alarming at first glance but is largely driven by a one-time exceptional charge, while the underlying 9-month loss has actually shrunk year-on-year; however, the near-zero operating revenue is a serious concern for investors and may weigh on the stock in the short term.