Outcome of Board Meeting held today
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 standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025) along with the Limited Review Report from statutory auditors Rama K. Gupta & Co. Revenue from operations was flat at Rs 31.64 lakhs year-on-year (standalone). However, the company reported a standalone net loss of Rs 269.27 lakhs in Q1 FY26, wider than the Rs 253.15 lakh loss in Q1 FY25, driven by high finance costs (Rs 108.44 lakhs) and depreciation (Rs 84.99 lakhs). Standalone net worth has turned deeply negative at Rs -646.73 lakhs. The Board also fixed September 25, 2025 as the date for the 33rd AGM via video conferencing, with the register of members closed from September 18 to 25, 2025.
This is a deeply concerning filing for shareholders — the company is loss-making, has a negative net worth, and management has disclosed factory closure due to power disconnection, severe liquidity crunch, and ongoing asset sales to stay afloat. The stock carries significant going-concern risk; near-term price action is likely to remain weak.