Outcome of RP Committee meeting .
Awaiting price reaction for this filing.
The Resolution Professional Committee approved unaudited standalone results for Q3 FY26 (quarter ended Dec 31, 2025). Revenue from operations was nil, with total income of just Rs 11.59 lakhs (all from 'other income'), down from Rs 20.88 lakhs in Q2 FY26. The company reported a small profit of Rs 1.89 lakhs for the quarter, versus a Rs 5.57 lakh loss in Q3 FY25, but remains in a cumulative 9-month loss of Rs 6.94 lakhs. Other equity is deeply negative at Rs (27,468) lakhs, and basic EPS stands at Rs 0.0125. The statutory auditor issued a Qualified Conclusion citing 'Material Uncertainty Related to Going Concern' due to ongoing debt resolution discussions with lenders. The company has been under CIRP since March 2024 per NCLT order.
This is a deeply distressed stock with zero operational revenue, fully eroded shareholder equity, and active insolvency proceedings. The going-concern qualification and tiny non-operating income highlight extreme risk; existing shareholders face significant dilution or wipeout risk depending on the resolution plan outcome.