Pursuant to provisions of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and with reference to the captioned subject, we wish to inform you ....
Awaiting price reaction for this filing.
The board approved the unaudited financial results for Q2 FY26 and the half year ended September 30, 2025. Total income was negligible at just Rs. 0.24 lakh in Q2 and Rs. 0.48 lakh in H1, against Rs. 0.19 lakh and Rs. 0.58 lakh respectively in the prior-year periods. The company reported a loss after tax of Rs. 7.85 lakh in Q2 and Rs. 25.37 lakh in H1 FY26, though these are smaller than the Rs. 74.36 lakh and Rs. 85.32 lakh losses in the year-ago periods. The auditor (Sorab S. Engineer & Co.) issued an unqualified review conclusion but included an Emphasis of Matter note. A critical disclosure: the company is under a pre-packaged IBC insolvency resolution process, with the NCLT Ahmedabad having approved its Resolution Plan on September 5, 2023, and share capital already slashed from Rs. 600.55 lakh to Rs. 38.24 lakh.
This is a distressed micro-cap stock effectively operating under an IBC resolution plan, with wiped-down share capital and virtually no revenue. Shareholders face very high risk; the stock likely trades as a thin penny stock with limited liquidity. The continuing losses and unresolved IBC formalities mean recovery prospects remain uncertain.