Approval of financial results, took note of compliances
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The Board of Directors approved the unaudited financial results for the quarter and nine months ended December 31, 2025, along with the limited review report from statutory auditor M/s. H.S. Jani & Associates. The company reported total income of Rs. 46.58 lakhs for Q3 FY26 but continued to post losses, with a net loss of Rs. 5.11 lakhs for the quarter and Rs. 22.22 lakhs for the nine-month period. The auditor issued an unqualified limited review report with no observations. The company noted contingent liabilities of Rs. 2,216.69 lakhs towards disputed income tax demands (unchanged from prior quarter) and has not recognized deferred tax assets due to uncertainty of future taxable income.
The stock is a small-cap loss-making company with no revenue from operations and persistent quarterly losses. While the loss trend is narrowing compared to the prior year, the large contingent tax liability (over 1.5x paid-up capital) remains a key overhang. Limited near-term catalyst for retail investors; results are largely procedural.