Outcome of the Board Meeting Held on 10th January 2026
Awaiting price reaction for this filing.
The Board of Directors approved the unaudited standalone financial results for Q3 FY2026 (quarter ended December 31, 2025). The company reported zero revenue from operations as it has not commenced any business activities yet. Other income stood at Rs. 2 lakhs in Q3, while total expenses were Rs. 8.71 lakhs, resulting in a net loss of Rs. 2.51 lakhs for the quarter. The company's nine-month cumulative loss also stands at Rs. 2.51 lakhs. The auditors issued a modified conclusion due to ongoing liquidation proceedings initiated by NCLT Hyderabad in September 2022. The company was approved for sale as a going concern to Indo Aquatics Limited (assigned to Reddy Investments Private Limited), with management change completed but capital restructuring still in process.
This filing signals severe financial distress — the company is under NCLT-supervised liquidation with zero operating revenue and losses mounting. The going concern qualification from auditors significantly raises risk for existing shareholders, as the entity has ceased operations and is in the process of being sold off to a new acquirer.