Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that ....
Awaiting price reaction for this filing.
The Board approved unaudited standalone financial results for the quarter and nine months ended December 31, 2025. Revenue from operations collapsed to Rs. 1.14 lakhs in Q3 FY26 from Rs. 7.25 lakhs in Q3 FY25 (down ~84%), and to Rs. 6.59 lakhs for the nine months versus Rs. 21.36 lakhs last year. The company swung to a loss of Rs. 5.42 lakhs in Q3 from a small profit of Rs. 0.40 lakhs earlier, while the nine-month loss widened sharply to Rs. 79.74 lakhs from Rs. 1.79 lakhs, driven by a spike in other expenses to Rs. 77.39 lakhs. Loss per share for nine months stood at Rs. 2.66. The company also disclosed that the RBI has approved the cancellation of its NBFC Certificate of Registration dated January 23, 2026, meaning it has ceased NBFC operations.
Shareholders face a grim picture: revenues are collapsing, losses have ballooned nearly 44x year-on-year for the nine-month period, and the company has lost its NBFC license — raising serious questions about its future business model and going concern status. The stock is likely to be viewed negatively given the operational wind-down and continued cash burn.