Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('listing regulations'), the Unaudited Standalone Financial Results & Cashflow ....
Awaiting price reaction for this filing.
The board approved the unaudited standalone financial results for Q2 FY26 (quarter ended September 30, 2025). The company reported zero revenue from operations, with total income of just Rs 1.80 lakh coming entirely from other income. Total expenses stood at Rs 9.34 lakh, resulting in a net loss of Rs 7.54 lakh for the quarter (EPS of Rs -5.80). However, for the half-year, the company posted a net profit of Rs 15.04 lakh, boosted by a Rs 30 lakh one-time other income booked in Q1 FY26. The auditor, M/s Agarwal Iyer & Associates, issued an unqualified limited review report with no qualifications.
This is a deeply concerning set of numbers for shareholders. The company has zero operating revenue, negative other equity of Rs -210.85 lakh pushing total equity into negative territory at Rs -80.85 lakh, and is dependent on short-term borrowings of Rs 182.39 lakh. The stock is essentially non-operational and financially distressed, posing serious going-concern risks despite the auditor's clean review report.