Q2 FY26 results with going concern doubt and qualified auditor opinion

Board approved Q2 FY26 unaudited results. Revenue grew 25% YoY to Rs. 524.90 lakhs. Net capital deficiency of Rs. 28,912.18 lakhs. Auditors flagged material uncertainty on going concern due to severe liquidity crunch, loan defaults classified as NPA, and curtailed operations. Modified review conclusion issued over Rs. 10,513.64 lakhs in unverified joint venture investments. Forensic audits by SEBI and lenders are ongoing, and an NCLT case by Resurgent India is pending hearing.