Outcome of the Board Meeting for the Quarter and Year Ended 31st March 2026
Awaiting price reaction for this filing.
The board approved audited financial results for FY2026 (year ended March 31, 2026). The company reported a net loss of Rs. 13.86 Lakhs, more than doubling from the previous year's loss of Rs. 5.99 Lakhs. Revenue from operations was minimal at Rs. 0.67 Lakhs. Operating cash flow remained negative at Rs. 9.18 Lakhs, and cash reserves declined from Rs. 2.53 Lakhs to Rs. 1.24 Lakhs. The statutory auditor (JMT & Associates) issued an unmodified (clean) opinion. Exceptional items of Rs. 3.05 Lakhs were recorded. The board also re-appointed Mr. Rohit Doshi as Director retiring by rotation.
The widening net loss and negative operating cash flow indicate significant financial stress. Despite the clean audit opinion, the company's declining cash position and increasing losses warrant close monitoring by shareholders.