in accordance with the query.lodr@bseindia.com (copy enclosed) attached is the aforesaid financial results of the company along with a copy of the certified resolution containing ....
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Reliable Ventures India Ltd submitted a corrected set of unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025) along with a certified board resolution after BSE flagged a compliance issue — the original results were not signed by the Chairman or Managing Director. The resolution authorizes Mr. Gopinath Panchena, an Independent Director and Chairman of the Audit Committee, to sign the results, citing that the Chairman & Managing Director is very sick and unable to attend office. The results show continued losses: the company reported a loss of Rs. 46.97 lakh in Q1 FY26 versus Rs. 42.72 lakh in Q1 FY25 and Rs. 68.08 lakh for full-year FY25. Revenue from operations for Q1 FY26 stood at just Rs. 6.93 lakh, with total expenses of Rs. 49.85 lakh, indicating sharply declining core business activity. The statutory auditor (J Singh & Associates) issued a clean (unqualified) limited review report with no emphasis of matter or qualifications.
For shareholders, the filing signals two concerns: (1) governance disruption due to the prolonged illness and absence of the Chairman & Managing Director, and (2) worsening operating performance with shrinking revenue and persistent quarterly losses, raising questions about the sustainability of core operations even as the auditor report itself carries no going-concern flag.