Result for the quarter ended September 30, 2019
Awaiting price reaction for this filing.
The auditor (SK Bhavsar & Co.) has issued a full Disclaimer of Conclusion — not a qualified opinion, but an outright refusal to provide any review conclusion — because the current management, which acquired the company via e-auction on November 7, 2024 (Sale Certificate January 23, 2025), had no access to complete books of accounts, original vouchers, or IT servers for the historical period. The company was under CIRP from January 2021 and liquidation from April 2022. Q2 FY2020 shows zero revenue from operations (vs Rs 1,823.90 lakh in Q2 FY2019), a net loss of Rs 1,157.30 lakh, and EBITDA loss of Rs 1,157.30 lakh. Finance costs alone were Rs 757.10 lakh in the quarter. The NCLT Relief Order dated February 26, 2026 has permanently extinguished all pre-transfer liabilities and cancelled the existing equity share capital. Financial results are reconstructed on a best-effort basis and carry significant reliability limitations.
This filing is highly unusual — it covers a historical period where the company was in insolvency proceedings, the auditor disclaimed all opinion, and the equity has been legally extinguished. The reported numbers (zero revenue, large losses) reflect a non-operational company under insolvency administration and should not be used as a basis for normal investment decisions. Current shareholders' interests in the pre-acquisition entity have been cancelled.