outcome of board meeting held today 10.11.2025, considered, approved and taken on record: 1. The Un-audited Financial Results of the Company for the Second Quarter and half year ended ....
Awaiting price reaction for this filing.
The Board of Directors of Centerac Technologies Limited approved the unaudited financial results for Q2 FY26 and half-year ended September 30, 2025, along with a limited review report from statutory auditors Mittal & Associates (clean/unqualified review). Revenue from operations fell sharply to Rs 12.02 lacs in H1 FY26 vs Rs 44.30 lacs in H1 FY25, a drop of about 73%. The company swung from a profit of Rs 34.72 lacs (H1 FY25) to a net loss of Rs 10.41 lacs (H1 FY26), with Q2 alone posting a loss of Rs 6.43 lacs. Other expenses surged to Rs 13.82 lacs (H1 FY26) from Rs 3.97 lacs (H1 FY25). The auditor issued an unqualified review report with no qualifications or emphasis of matter. The company's bank balance is negative at Rs (14.82) lacs (overdraft), retained earnings are deeply negative at Rs (114.59) lacs, and the company disclosed that redemption of Non-Convertible Debentures (NCDs) that matured on April 6, 2024 along with interest payment to debenture holders is still being processed, indicating an unresolved default.
Sharp revenue decline, swing to loss, negative bank balance, accumulated losses, and an unresolved NCD default raise serious going-concern concerns and are likely to weigh negatively on the stock. Shareholders should monitor whether the company can restructure its debt, restore liquidity, and explain the steep fall in revenue.