Submission of Un-Audited Financial Results for the Quarter ended 30th September, 2025 along with Limited Review Report pursuant to Regulation 33(3((d) of SEBI (LODR) Regulations, 2015
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Prag Bosimi Synthetics reported essentially zero revenue from operations (Rs 0.24 lakh) for Q2 FY26, continuing the trend of no meaningful business activity. The company posted a standalone net loss of Rs 286.84 lakh in Q2 and a half-yearly loss of Rs 556 lakh, against a full-year FY25 loss of Rs 1,119 lakh. Production at the standalone unit remains suspended due to a power disconnection, and the company is waiting for release of an approved Rs 5.90 crore subsidy and pending receivables to restart operations in a phased manner. Net worth is deeply negative at Rs (1,208) lakh on a standalone basis, with accumulated losses of Rs 10,192 lakh in other equity.
This is a deeply distressed small-cap textile company with a negative net worth, suspended operations, and no operating revenue. The half-yearly cash burn of Rs 179 lakh and reliance on long-term borrowing and pending subsidies highlight a clear going-concern risk; the share price is likely to remain under pressure and shareholders should treat this as a high-risk situation pending clarity on subsidy release and restart of production.