Approval of unaudited financial results for the quarter and half year ended September 30, 2025.

Net loss reportedNegative operating cash flowDebt to equity above the thresholdGoing-concern doubtResults View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+4.2% vs market

Industrial Products peers, median of 117sector-0.6%+4.7% vs sector

On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 4.7 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The board approved unaudited Q2 and H1 FY26 results on November 12, 2025, reviewed by auditor SKSVM & Co with a clean (unmodified) limited review report. Revenue from operations for H1 FY26 stood at Rs 235.90 lakhs versus Rs 131.61 lakhs in H1 FY25, roughly 79% growth, though standalone Q2 FY26 revenue was just Rs 39.74 lakhs, a sharp drop from both the prior quarter (Rs 196.16 lakhs) and the year-ago quarter (Rs 65.21 lakhs). Net loss narrowed materially to Rs 86.78 lakhs for H1 FY26 from Rs 292.85 lakhs in H1 FY25, but the company remained in the red. Other equity is deeply negative at Rs (3,127.46) lakhs against Rs 400 lakhs share capital, with total borrowings of about Rs 3,748 lakhs, and operating cash flow was negative at Rs (120.55) lakhs.

Likely market impact

Losses are shrinking year-on-year which is a positive signal, but the deeply negative net worth, high borrowings, negative operating cash flow, and volatile quarterly revenue raise serious financial stability concerns for retail shareholders, despite the clean auditor review.