Q1 results show nil revenue, losses and continuity concerns

The board approved unaudited results for the quarter ended 30 June 2026. Revenue and total income were nil. The company reported a net loss of Rs 17.95 lakh, while the group loss was Rs 19.25 lakh. The auditor cited major net worth erosion, current liabilities above current assets and continuing defaults on borrowing principal and interest, creating serious doubt about continued operations. Reappointment of the auditor for five years was recommended, subject to shareholder approval.