Result

Going-concern doubtEmphasis of matterNet loss reportedExceptional itemContingent liabilities increasedResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹60.00

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.5%+3.0% vs market

Auto Components & Equipments peers, median of 111sector-2.1%+3.6% vs sector

On the reaction day the stock moved 3.0 pts more than Nifty Microcap 250 and 3.6 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+1.6-1.5+3.0-2.1+3.6

Next day

-0.3-2.2+1.9-2.3+2.0

-0.7-1.2+0.6-1.5+0.9

+1.2-0.9+2.1-1.6+2.7

+0.0-2.3+2.4-3.1+3.2

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15d

-10.7-10.4-0.3-11.4+0.8

-9.5-11.3+1.8-12.9+3.4

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+15.0+3.9+11.1-1.5+16.5

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 111Pending

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AI summary

The Board approved unaudited financial results for Q3 FY26 and nine months ended 31 December 2025. Revenue from operations stood at Rs. 2,216.18 lakhs in Q3 FY26 (vs Rs. 1,436.05 lakhs in Q3 FY25), while 9M FY26 revenue was Rs. 4,866.06 lakhs — essentially flat versus 9M FY25 (Rs. 4,852.79 lakhs). The company continues to report losses, including an exceptional item loss of Rs. 925.80 lakhs, and a net current liability position of Rs. 1,463.95 lakhs (current liabilities exceeding current assets), prompting auditors to draw attention to the going concern basis of preparation. A letter of financial support has been received from the promoter/Managing Director. Additionally, contingent liabilities related to EPCG export obligations stand at Rs. 733.98 lakhs (up from Rs. 698.05 lakhs prior year), and capital work-in-progress for the stalled Singur (West Bengal) project remains on the books. The Board also reviewed and amended several company policies.

Likely market impact

Losses continue, the balance sheet is stressed with working capital deficit, and the going concern flag along with rising contingent liabilities on customs matters are clear negative signals for shareholders. However, sequential quarterly revenue improved sharply and promoter financial support is in place — near-term watchpoints are monetization of certain assets, resolution of the Singur/CESTAT matters, and actual cash-flow improvement.