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 financial results for Q2 and H1 FY26 ended September 30, 2025. The company reported a massive standalone loss of Rs. 656.07 lakh in Q2 FY26 against a profit of Rs. 2.05 lakh in Q2 FY25, mainly due to a one-time impairment loss of Rs. 648.54 lakh on inter-corporate deposits (ICDs) of Rs. 6.49 crore that have defaulted on interest and principal payments. Total income for the quarter fell to zero (from Rs. 10.47 lakh in Q1 FY26). The auditor (JMT & Associates) flagged an Emphasis of Matter stating that material uncertainty exists on the company's ability to continue as a going concern, and that the company has unpaid statutory dues of Rs. 2.85 crore outstanding for over six months, reflecting acute liquidity stress.
This is a deeply negative filing for shareholders — the company swung from profit to a large loss, its net worth has turned negative (Other Equity at Rs. -627 lakh), and auditors have explicitly questioned going concern status. The stock is likely to see sharp negative sentiment, and the company faces genuine solvency and liquidity risk.