Announced Wed, 12 Aug · 17:23 IST
Q1 FY27 results: Loss widens, auditor flags verification issues
Price
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AI summary
Board approved Q1 FY27 unaudited results (ended 30 June 2026). Net loss widened to Rs. 7.91 lakhs versus Rs. 5.26 lakhs in Q1 FY26. Revenue stayed negligible at Rs. 0.11 lakhs. Basic EPS at negative 0.56. Auditor flagged inability to verify Rs. 7,154 balance in Canara Bank due to missing bank statement. Also flagged classification issues on an old unsecured borrowing. Company is in amalgamation process with Shivang Edibles Oils Limited.
Likely market impact
Widening losses, auditor qualifications, and pending amalgamation raise concerns about the company's financial health and future direction.