Pursuant to the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board at its meeting held today i.e. on February 09, ....
Awaiting price reaction for this filing.
Chase Bright Steel's Board approved its unaudited Q3 FY26 results on February 9, 2026. Revenue from operations surged to ₹99.44 lakh in Q3, more than doubling from ₹46.03 lakh in Q3 FY25, though the company still posted a net loss of ₹5.67 lakh for the quarter versus a ₹9.55 lakh loss a year ago. For the nine-month period, revenue rose to ₹115.52 lakh but the company slipped into a ₹55.88 lakh net loss compared to a ₹6.80 lakh profit in the same period last year. The auditor flagged an 'Emphasis of Matter' noting accumulated losses exceeding share capital and reserves, current liabilities exceeding current assets, no manufacturing facility, and most staff having left. Management itself stated there is 'material uncertainty' about the company's ability to continue as a going concern, though it still prepared accounts on that basis. EPS for the nine months stood at negative ₹3.34.
Despite a strong quarterly revenue jump, persistent losses, a deeply negative net worth situation, and a formal going-concern warning make this a high-risk stock. Shareholders should expect continued volatility and a weak outlook until the company demonstrates it can generate sustainable profits and resolve its liquidity issues.