Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015, we wish to inform you that the Board of Directors, at its meeting held ....
Awaiting price reaction for this filing.
The board approved unaudited standalone and consolidated results for the quarter and nine months ended December 31, 2025. Revenue from operations fell sharply to NIL in Q3 FY26 (from Rs. 10.59 lakh in Q3 FY25) and to Rs. 10.47 lakh for 9M FY26 (from Rs. 31.66 lakh in 9M FY25). The company reported a loss of Rs. 6.92 lakh at the standalone level for the quarter and a loss of Rs. 665.35 lakh for nine months, largely driven by an impairment loss of Rs. 648.54 lakh on financial assets. The statutory auditor flagged an Emphasis of Matter noting that Rs. 6.49 crore of inter-corporate deposits have defaulted and a material uncertainty exists on the company's ability to continue as a going concern. The auditor also flagged Rs. 2.85 crore of unpaid statutory dues outstanding for over six months due to liquidity issues.
This is a negative filing for shareholders — revenue has collapsed, the company has swung to a heavy loss, and the auditor has flagged a going-concern uncertainty along with liquidity stress. The stock is likely to face negative sentiment, and investors should closely watch for any resolution of the bad ICDs and pending tax/statutory dues.