Submission of outcome of the Board Meeting held on Thursday 12th February, 2026 to considered and approved the unaudited financial results of Quarter and Nine Months Ended on 31st December, 2025
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The board approved the unaudited financial results for the quarter and nine months ended 31 December 2025. The auditor specifically noted that the company has reported zero revenue from operations for the first nine months of the financial year, with management indicating revenue is expected by year-end. The company continues to post losses, and reserves and surplus have worsened to negative Rs 33.80 lakhs as of December 2025 from negative Rs 18.85 lakhs as of March 2025. Long-term borrowings stand at Rs 742.06 lakhs, far exceeding the share capital of Rs 140 lakhs. Total assets stood at Rs 851.47 lakhs, with cash and equivalents of just Rs 1.69 lakhs. The statutory auditor issued a clean limited review report with an observation about the absence of revenue.
This is a deeply concerning set of results for shareholders — the company has generated no revenue for nine months, is loss-making, and carries debt roughly five times its share capital with negative reserves, raising serious questions about its ability to continue as a going concern. Investors should treat this as a high-risk situation pending evidence of actual revenue generation.