Outcome of the board meeting held today November 14, 2025 for approval Unaudited Standalone Financial Results of the Company for the period ended on September 30, 2025
Awaiting price reaction for this filing.
The board approved Q2 FY26 results showing zero revenue from operations, a complete halt versus ₹548.83 lakhs in the same quarter last year (H1 FY26 revenue also at ₹0 vs ₹548.83 lakhs in H1 FY25). The company posted a loss before tax of ₹6.76 lakhs in Q2 and ₹10.23 lakhs in H1 FY26, compared to profits of ₹155.01 lakhs and ₹144.58 lakhs respectively a year ago. Net loss for H1 FY26 stood at ₹1.52 lakhs (after a deferred tax credit), versus a profit of ₹107.88 lakhs in H1 FY25. Reserves remain deeply negative at ₹(214.58) lakhs, cash has nearly run out at ₹0.29 lakhs (down from ₹56.11 lakhs), and operating cash flow was negative at ₹(55.82) lakhs. The auditor flagged GST non-compliance, with interest and penalties not provided for, and noted reliance on management declarations due to absence of debtor and creditor confirmations.
With effectively no operating revenue, negative reserves, and cash nearly exhausted, the company's business appears to have stalled, putting shareholders in a precarious position and raising serious doubts about its going-concern status.