results for 30-09-2025 approved by Interim Resolution Professional
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The Interim Resolution Professional (IRP) Mr. Najeeb T P, appointed by the NCLT Kolkata bench after the company was admitted to the Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016, approved the unaudited financial results for Q2 FY26 (quarter and half-year ended 30 September 2025). The company reported zero income from operations for the quarter and H1 FY26, against a net loss of Rs 25.50 lakhs for the half year versus Rs 9.08 lakhs loss in the same period last year. The balance sheet shows deeply negative Other Equity of Rs (652.99) lakhs and meagre total assets of Rs 8.12 lakhs. The auditor (Mohan & Ravi) issued a clean review report but drew attention to the CIRP, explicitly flagging a 'material uncertainty that may cast significant doubt on the company's ability to continue as a going concern'. Exceptional items include investments and loans/advances written off, and operating cash flow was negative at Rs (13.24) lakhs for the half year.
The stock effectively trades as a deep distressed name under insolvency resolution — shareholders face extreme uncertainty and material risk of equity value erosion depending on the resolution plan or liquidation outcome approved by the NCLT.