Pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31,2024, read with the various circular issued by BSE and NSE in this regard, we are submittingherewiththe integrated Filling (Financial) for the quarter ended June 30, 2025
Awaiting price reaction for this filing.
Debock Industries filed its Q1 FY2026 standalone results with NSE. Revenue from operations was nil versus Rs. 1,338.93 lakh in the same quarter last year, and the company reported a loss after tax of Rs. 21.59 lakh against a profit of Rs. 205.87 lakh a year ago. The auditor (Gram & Associates LLP) issued an unmodified limited review opinion but attached a detailed annexure listing 19 unresolved serious concerns, most still marked 'Compliance pending up to 30/06/2025'. These include reclassification of advances into equity warrants, suspected fund diversion of ~Rs. 41.8 crore to related parties (Impex Agrotech, Blockchain Mediatech), entries totalling Rs. 42,971 lakh under a 'Fraud Account' and Rs. 32,661 lakh under 'Loss by Fraud', complete reversal of large purchase and sale transactions, GST/TDS non-compliance, and advances to a related party struck off by MCA. The auditor also flagged a SEBI interim order dated 23 August 2024 stating the company's bank accounts were fabricated, an Income Tax demand of about Rs. 64.95 crore, and pending Enforcement Directorate proceedings.
This is a major red flag for shareholders. While the headline numbers look like a routine weak quarter, the auditor's annexure points to deep governance, fund diversion and financial-integrity issues — including a prior SEBI order deeming bank accounts fabricated — which pose serious risk of regulatory action, further penalties and erosion of shareholder value. Retail investors should treat this stock as high-risk pending resolution of these matters.