Pursuant to Regulation 30 and 33 of SEBI (LODR) Regulations, 2015, Board of Directors of the Company in its meeting held today approved the Unaudited Financial Results of the Company on ....
Awaiting price reaction for this filing.
Mackinnon Mackenzie & Co reported weak unaudited results for Q2 FY26 with revenue from operations of Rs 4.23 lakhs, down from Rs 5.37 lakhs in the year-ago quarter. For the half year, revenue fell to Rs 8.45 lakhs versus Rs 9.91 lakhs in H1 FY25. The company posted a net loss of Rs 9.16 lakhs in Q2 and Rs 36.25 lakhs for the half year, widening from Rs 14.53 lakhs loss in H1 FY25. The auditor issued a Qualified Opinion and flagged a Material Uncertainty related to going concern, noting accumulated losses of Rs 87,173.27 lakhs and negative net worth of Rs 86,953.14 lakhs. The company carries massive secured borrowings of Rs 82,561.29 lakhs tied to past bank debts now with a 'Lending Company', and its shares remain suspended from trading since 2005.
Negative outlook for shareholders — the company is deeply in the red with negative net worth, mounting losses, and a qualified audit report with a going-concern warning. Shares are already suspended, and the business relies on a support letter from its creditor, making this stock effectively a speculative distressed asset with no near-term recovery in sight.