Polycon International Limited has informed that the Board has intei alia Consider and Approve the Unaudited Standalone Financial Results For the Quarter/ Half Year ended on 30th Sept.2025 ....
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Polycon International's Board, at its meeting on 14 November 2025, approved the unaudited standalone financial results for the quarter and half year ended 30 September 2025. The results have been reviewed by the Audit Committee and the statutory auditors, SR Goyal & Co, who issued an unmodified review report. A notable concern is the sharp drop in shareholders' equity, which fell from Rs 398.12 lakhs as on 31 March 2025 to Rs 271.08 lakhs as on 30 September 2025 — a decline of roughly Rs 127 lakhs, indicating the company likely booked a loss during the half year. Borrowings remain elevated, with non-current liabilities of about Rs 2,802 lakhs against a very thin equity base, pointing to a heavily leveraged balance sheet. The company continues to operate as a single business segment, so detailed segment disclosures are not applicable.
The steep erosion in equity and very high debt-to-equity profile suggest financial stress and could weigh negatively on the stock; shareholders should watch for further deterioration in profitability and any commentary on debt servicing or going-concern assumptions in the annual audit.