Pursuant to Regulation 30 and other applicable Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with reference to captioned subject, we wish to ....
Awaiting price reaction for this filing.
Clenon Enterprises Ltd (formerly G.R. Cables Limited) reported Q3 FY2025-26 total income of INR 185.19 lakhs, up sharply from INR 2.63 lakhs in the same quarter last year. However, total expenses of INR 244.36 lakhs resulted in a net loss of INR 59.17 lakhs for the quarter, marginally wider than the INR 51.78 lakhs loss a year ago. For the nine months ended December 2025, total income stood at INR 324.75 lakhs versus INR 195.71 lakhs last year, but the company posted a cumulative loss of INR 179.45 lakhs (EPS of -1.64). During the quarter, the company issued 23.25 lakh equity shares via preferential allotment to strategic investors at INR 10 per share, increasing paid-up capital from INR 861.53 lakhs to INR 1,094.03 lakhs. The statutory auditor (TRM & Associates) issued an unqualified limited review report.
Despite strong revenue growth from a low base, the company remains loss-making with expenses consistently exceeding income, signaling persistent operational challenges. Shareholders should note the dilutive preferential issue, though the capital infusion may support future operations. The stock may remain under pressure given the ongoing losses and negative EPS.