BSEAditya Forge LtdMediumNeutral
Announced Thu, 12 Feb · 16:57 IST

Outcome of Board Meeting held on Today i.e February 12, 2026

Qualified OpinionRevenue DeclinePat NegativeResults View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Aditya Forge's board, meeting on February 12, 2026, approved the unaudited financial results for Q3 FY26 (quarter ended December 31, 2025) and appointed ALAP & Co. LLP as the Secretarial Auditor for FY 2025-26. Revenue from operations for the quarter and the nine months ended December 31, 2025 stands at zero, compared to Rs. 326.06 lakhs for the full previous fiscal year — effectively a complete halt in core business activity. The company reported a loss before tax of Rs. 8.10 lakhs for the nine-month period, against a profit of Rs. 805.93 lakhs in the same period last year. The Limited Review Report carries a qualified opinion, as auditors did not receive balance confirmations for trade receivables, trade payables, and loans/advances, leaving them unable to verify balances or transaction nature.

Likely market impact

Shareholders should note the dramatic drop in revenue and the swing to losses, alongside the auditor's qualified opinion over unconfirmed balances — together these raise serious questions about business continuity and the reliability of reported figures.