Outcome of the Board Meeting held on 12th November, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved unaudited financial results for the quarter and half year ended 30 September 2025. Revenue from operations collapsed to just Rs. 40.01 lakhs in Q2 FY26, down sharply from Rs. 365.40 lakhs in Q1 FY26 and Rs. 1,268.98 lakhs in Q2 FY24. The company posted a steep net loss of Rs. 1,565.16 lakhs for the quarter (vs. a profit of Rs. 22.72 lakhs a year ago), and a half-year loss of Rs. 1,555.30 lakhs. The loss was driven by the complete destruction of perishable agricultural stock-in-trade, with closing inventory written down to NIL. The statutory auditor flagged that no insurance covered the destroyed stock, and that share warrant proceeds had been deployed as long-pending advances to suppliers. Other Equity turned negative at Rs. (1,564.97) lakhs as of 30 Sept 2025 from Rs. 5,850.33 lakhs at March-end 2025.
Very negative for shareholders: revenue has nearly vanished, a single quarter wiped out the company's entire accumulated reserves, and the loss is structural (no insurance, destroyed perishable stock). The stock is likely to react sharply downwards; investors should expect heightened risk and weak sentiment until revenue and inventory controls are restored.