Pursuant to Regulation 33 of SEBI LODR, Regulations, 2015 we write to inform that the Board Of Directors of the company at their meeting held on 12-02-2026 has approved the Unaudited Limited ....
Awaiting price reaction for this filing.
The Board approved unaudited standalone and consolidated financial results for Q3 FY26 and 9M FY26. Total income from continuing operations was just Rs 0.48 lakhs in Q3 (vs Rs 0.69 lakhs in Q2), with revenue from operations effectively at zero for the quarter. The company reported a loss of Rs 411.82 lakhs in Q3 and Rs 1,195.98 lakhs for 9M FY26 (9M FY25 loss was Rs 1,028.25 lakhs). Finance costs remained the dominant expense at Rs 1,146 lakhs for 9M FY26. The auditor drew attention to several serious matters: the company's NBFC licence has been cancelled by RBI (appeal pending), SFIO proceedings for accounting violations are pending in court, bank balances remain unconfirmed due to NPA status, and the company has not been provisioning interest on consortium bank and IFC-Washington dues since April 2015 under a one-time settlement negotiation, which has suppressed reported losses by Rs 324 crores in the current period and Rs 2,368 crores cumulatively.
This is a deeply distressed NBFC with virtually no operating revenue, mounting losses, a cancelled RBI licence, and pending criminal proceedings. Existing shareholders face extreme risk of further value erosion or total loss, and the stock is likely to remain illiquid and under pressure. Retail investors should treat this as a high-risk situation and avoid fresh exposure.