Regulation 30 of SEBI (LODR) - Outcome of the Board Meeting.
Awaiting price reaction for this filing.
Dekson Castings' Board approved the unaudited financial results for H1 FY26 (ended Sept 30, 2025). Total income fell sharply to ₹1,146.85 lakhs from ₹1,803.25 lakhs in H1 FY25, a drop of about 36% year-on-year. The company reported a net loss of ₹213.69 lakhs, narrower than the ₹452.83 lakh loss in the same period last year, but EPS remained deeply negative at (₹565.42). The balance sheet shows negative net worth of (₹442.67 lakhs) with accumulated losses of ₹820.60 lakhs and total borrowings of around ₹3,617 lakhs (long-term ₹2,603 lakhs + short-term ₹1,014 lakhs). The statutory auditor issued a qualified opinion, flagging concerns over inventory verification of aluminum scrap and dross that relied on management visual estimation.
This is a significant negative development for shareholders — revenue is shrinking, losses persist, and the company is technically insolvent with negative net worth and high debt. The qualified audit opinion adds further risk. Stock price may come under pressure and the company faces serious going-concern questions despite the narrower half-year loss.