Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that the Meeting of Board of Directors of the Company ....
Awaiting price reaction for this filing.
The Board of ND Metal Industries approved its Q2 FY26 and H1 FY26 results on 14 November 2025. The company reported zero revenue from operations for the quarter as well as the half year, with only 'other income' of Rs. 20.02 lakhs in Q2 (vs Rs. 21.47 lakhs YoY) and Rs. 44.74 lakhs in H1 (vs Rs. 40.56 lakhs YoY). Q2 swung to a loss of Rs. 1.66 lakhs versus a profit of Rs. 7.12 lakhs in Q2 FY25, while H1 PAT fell sharply to Rs. 3.37 lakhs from Rs. 11.28 lakhs a year ago (~70% drop), with H1 EPS at Rs. 0.14 vs Rs. 0.46. Operating cash flow was sharply negative at Rs. -102.86 lakhs for the half year, pushing cash and equivalents down from Rs. 104.56 lakhs (March 2025) to just Rs. 1.71 lakhs. The statutory auditor issued an unqualified limited review report with no qualifications or emphasis of matter.
With no operating revenue, a quarterly loss, collapsing cash, and negative operating cash flow, the business looks increasingly reliant on 'other income' and legacy balances — a clear red flag for retail investors despite the clean auditor's report. Existing shareholders should watch for signs of fund-raising, asset sales, or any turnaround in core operations before relying on this small-cap stock.